Green360 inks agreement to fast-track its low-carbon concrete
Green360 Technologies has penned an agreement to produce low-carbon retaining wall blocks in a joint venture with leading Western Australian precast concrete manufacturer PERMAcast.
The companies' 50:50 joint venture will produce and sell low-carbon retaining wall blocks to WA's hungry mining construction market, as well as the residential, infrastructure and commercial sectors.
Under the non-binding memorandum of understanding (MoU), PERMAcast will fund the acquisition of a specialised block-laying machine and a concrete batching plant, enabling the production of 1-metre-long low-carbon retaining wall blocks for net-zero or ESG compliant construction ventures.
The joint venture entity will have exclusive rights to purchase the blocks at cost from PERMAcast and on-sell them, with all profits shared equally between the partners.
Green360 says the agreement promises significant revenue and cash flow opportunities and will fast-track commercialisation of its new-world technology.
'… We're excited to take this step with PERMAcast toward bringing low carbon retaining wall blocks to Western Australia ...'
Green360 Technologies executive chairman Aaron Banks
The company's proprietary cement formulations use industrial by-products to ensure the blocks have a lower embodied carbon footprint compared to traditional concrete products.
The in-house production model allows for precise control over mix designs, ensuring compliance with strict performance and sustainability standards, including net-zero and ESG targets increasingly demanded by major projects.
The blocks are expected to be the joint venture's first low-carbon product sold in commercial volumes, with production equipment slated for commissioning at PERMAcast's facilities by mid-next year, pending final agreements.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
West Australian
an hour ago
- West Australian
Critica taps rare earths expert Jacob Deysel as new CEO
Critica Limited has landed a major coup in the hunt for leadership firepower by appointing seasoned mining executive Jacob Deysel as its new chief executive officer to spearhead the transition of its Western Australian Jupiter project from explorer to developer. Deysel will take up the reins in two weeks. Over a 25-year career in global mining, he has held top positions with industry titans, including Rio Tinto, Newmont, Uranium Energy Corp and Kenmare Resources. Most recently, Deysel was chief executive officer and managing director of ASX-listed Mineral Commodities Limited. The Jupiter project, part of Critica's broader Brothers project, has Australia's largest and highest-grade clay-hosted rare earths resource, which clocks in at a massive 1.8 billion tonnes. The project is ideally located between the mining hub of Mt Magnet and the export-ready Port of Geraldton, combining a world-class jurisdiction with world-class infrastructure. With Deysel now at the helm, the company says it's poised to fast-track scoping and feasibility studies as it aims to develop the project and become a globally significant Western-aligned rare earths supplier. Deysel is a qualified mining engineer with an MBA and executive training from London Business School. Critica says the company was specifically looking for someone with his particular skill set for boosting value in rare earths, graphite and mineral sands projects worldwide. Coupled with his strong buyer network, a good knowledge of investors' needs and access to governments across the world, Deysel's expertise is likely to be invaluable for Critica. His appointment couldn't be better timed. Critica's first-pass beneficiation test work on Jupiter has already returned an eye-popping 830 per cent uplift in grade with more than 50 per cent rare earth recovery. The mining veteran's hands-on knowledge of rare earth element feedstocks and beneficiation processes should position him well to turn those results into real value. Deysel also brings considerable commercial nous, having previously secured offtake deals, memoranda of understanding partnerships and government funding for rare earths ventures, along with founding his own rare earth element-focused company, Sheerartar Minerals. Critica Limited incoming chief executive officer Jacob Deysel said: 'I have undertaken extensive due diligence on Critica's assets and believe Jupiter has the potential to become a globally significant rare earth project. With its scale, grade and location in Western Australia, we have a clear pathway for expeditious development through scoping and feasibility.' As part of his remit, Deysel will also lead a strategic review of Critica's Mt Lindsay tin-tungsten asset in Tasmania, which is one of the largest undeveloped projects of its kind globally. The minerals are increasingly vital to global supply chains, adding to the company's critical minerals credentials. To back the new boss and his ambitious plans, non-executive directors Tim Lindley and Nick Cernotta have agreed to receive equity in lieu of fees from today, in a sign they are big believers in the company's long-term prospects. The company has signed off on a $360,000 annual salary package for the new executive. He has also been granted 75 million zero-exercise-price options as a performance incentive, tied to milestones such as scoping and pre-feasibility studies, continued service and share price hurdles. As the rare earths race heats up globally, Critica's board is betting that with Deysel's leadership, Jupiter might just become one of the world's great rare earth mines - right in Western Australia's backyard. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
an hour ago
- Sydney Morning Herald
Critica taps rare earths expert Jacob Deysel as new CEO
Critica Limited has landed a major coup in the hunt for leadership firepower by appointing seasoned mining executive Jacob Deysel as its new chief executive officer to spearhead the transition of its Western Australian Jupiter project from explorer to developer. Deysel will take up the reins in two weeks. Over a 25-year career in global mining, he has held top positions with industry titans, including Rio Tinto, Newmont, Uranium Energy Corp and Kenmare Resources. Most recently, Deysel was chief executive officer and managing director of ASX-listed Mineral Commodities Limited. The Jupiter project, part of Critica's broader Brothers project, has Australia's largest and highest-grade clay-hosted rare earths resource, which clocks in at a massive 1.8 billion tonnes. 'The company will greatly benefit from an experienced CEO to rapidly advance Jupiter.' Critica Limited chairman Tim Lindley The project is ideally located between the mining hub of Mt Magnet and the export-ready Port of Geraldton, combining a world-class jurisdiction with world-class infrastructure. With Deysel now at the helm, the company says it's poised to fast-track scoping and feasibility studies as it aims to develop the project and become a globally significant Western-aligned rare earths supplier. Critica Limited chairman Tim Lindley said: 'We are extremely pleased that Critica has been able to attract someone of Jacob's credentials, experience, relationships and technical knowledge in the rare earths sector. The company will greatly benefit from an experienced CEO to rapidly advance Jupiter through scoping and feasibility studies to reposition us from explorer to developer.' Deysel is a qualified mining engineer with an MBA and executive training from London Business School. Critica says the company was specifically looking for someone with his particular skill set for boosting value in rare earths, graphite and mineral sands projects worldwide.
The Age
an hour ago
- The Age
Critica taps rare earths expert Jacob Deysel as new CEO
Critica Limited has landed a major coup in the hunt for leadership firepower by appointing seasoned mining executive Jacob Deysel as its new chief executive officer to spearhead the transition of its Western Australian Jupiter project from explorer to developer. Deysel will take up the reins in two weeks. Over a 25-year career in global mining, he has held top positions with industry titans, including Rio Tinto, Newmont, Uranium Energy Corp and Kenmare Resources. Most recently, Deysel was chief executive officer and managing director of ASX-listed Mineral Commodities Limited. The Jupiter project, part of Critica's broader Brothers project, has Australia's largest and highest-grade clay-hosted rare earths resource, which clocks in at a massive 1.8 billion tonnes. 'The company will greatly benefit from an experienced CEO to rapidly advance Jupiter.' Critica Limited chairman Tim Lindley The project is ideally located between the mining hub of Mt Magnet and the export-ready Port of Geraldton, combining a world-class jurisdiction with world-class infrastructure. With Deysel now at the helm, the company says it's poised to fast-track scoping and feasibility studies as it aims to develop the project and become a globally significant Western-aligned rare earths supplier. Critica Limited chairman Tim Lindley said: 'We are extremely pleased that Critica has been able to attract someone of Jacob's credentials, experience, relationships and technical knowledge in the rare earths sector. The company will greatly benefit from an experienced CEO to rapidly advance Jupiter through scoping and feasibility studies to reposition us from explorer to developer.' Deysel is a qualified mining engineer with an MBA and executive training from London Business School. Critica says the company was specifically looking for someone with his particular skill set for boosting value in rare earths, graphite and mineral sands projects worldwide.
