BusinessALFRED H KNIGHT SUPPORTING EU-FUNDED MADITRACE PROJECT

ALFRED H KNIGHT SUPPORTING EU-FUNDED MADITRACE PROJECT

As demand for critical raw materials such as lithium and cobalt increases, Alfred H Knight is pleased to announce that it is participating in the European Union ‘MaDiTraCe’ (Material and Digital Traceability for the Certification of Critical Raw Materials) project to determine the source of mineral commodities.

Having commenced in January 2023, the three-year project, coordinated by BRGM (French Geological Survey), aims to reinforce the transparency, traceability and sustainability of complex supply chains of critical raw materials (CRM) including cobalt, lithium, natural graphite and rare earth elements.

The project is bringing together 14 partners from 7 countries to develop and integrate technological solutions for traceability and certification into a Digital Product Passport. These solutions will enable key industry players to prove the reliability of their sustainability claims, comply with current regulations and anticipate future policies.

Engaged through its entity in Holland, Alfred H Knight is contributing to the development of artificial fingerprinting technologies which are to be used as part of ‘material passports’ for key commodities in two complex supply chains, namely rechargeable lithium-ion batteries and magnets.

Aldwin Vogel, Regional General Manager – Northern Europe explains:

“At Alfred H Knight, we proudly work together in support of the EU-funded MaDiTraCe project, paving the way for a transparent and sustainable future. By assisting in the development of these revolutionary artificial fingerprinting solutions, we help to provide trust and verification of ESG sustainability claims through traceable responsible sourcing of critical raw materials.”

AHK is also leading a review of existing methods for the potential use of artificial taggant particles, with input from the Geological Survey of Finland (GTK). Analysis of the requirements for the mining, metals and minerals industries is underway to ensure any solutions are fit-for-purpose and commercially relevant.

Dr Laurance Donnelly, Chief Geologist, Head of Technical Department adds:

“Minerals are likely to continue to become fundamentally important to civilisation and industry over the next few decades. This may be driven in part by the so-called ‘battery revolution’ and the electrification of vehicles, combined with the reduction in the burning of conventional fossil fuels. Determining the provenance and traceability of minerals will help ensure that critical raw materials are responsibly sourced from legitimate operations, which do not support illegal mining.

With over 140 years worth of knowledge and experience in metals and minerals, Alfred H Knight (AHK) helps clients to build a comprehensive understanding of their commodities. They have worked with numerous organisations to help make informed improvements to the sector and are well-placed to provide key research, analysis and consultancy to support projects like MaDiTraCe.

Businesses interested in AHK’s services can find more information at www.ahkgroup.com. Those interested in AHK’s involvement in the MaDiTraCe project can get in touch via [email protected].

News Desk
News Deskhttps://www.businessmanchester.co.uk/
The Business Manchester News Desk team is a collective of experienced journalists and editors dedicated to delivering comprehensive business news and insights from the Manchester area and beyond. With a strong background in finance, technology, property, and innovation, our team ensures that our readers stay well-informed about the latest trends and developments in the business world. Through in-depth reports and insightful analysis, the Business Manchester News Desk team is committed to providing high-quality journalism to its audience.
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