18P
2020-10-29 08:00 ET - News Release
First Cobalt Releases Refinery Life Cycle Assessment
https://www.stockwatch.com/News/Item?bid=Z-C:FCC-2981172&symbol=FCC®ion=C
Canada NewsWire
TORONTO, Oct. 29, 2020
TORONTO, Oct. 29, 2020 /CNW/ - First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) (the "Company") is demonstrating its commitment to fighting climate change by releasing results of a life cycle assessment (LCA) affirming the low carbon footprint of its Canadian Refinery. The report concludes that the environmental impacts associated with refining cobalt at First Cobalt's facility will be materially lower than the published impacts of a leading Chinese refiner. The report is being released in its entirety to demonstrate transparency and a commitment to industry-leading ESG practices.
Highlights
In First Cobalt's production process, the carbon footprint generated through the production of one kilogram of cobalt sulfate is 1.58 kg CO2 eq compared to 3.25 kg CO2 eq for a benchmark refinery in Tongxiang, China
Impact of producing cobalt sulfate at First Cobalt's Canadian refinery rather than through the existing supply chain is the equivalent of taking more than 9,000 combustion engines off the road every year
First Cobalt Refinery has a lower environmental impact in four of six impact categories measured, is equal in one category and is slightly below in a final impact category
LCA report provides a roadmap that will help First Cobalt further reduce site-level impacts before the refinery is commissioned
Study was funded through a research grant provided by the National Research Council of Canada
Trent Mell, President & Chief Executive Officer, commented:
"Electric vehicles are an important part of meeting global goals on climate change but consumers are demanding transparency on the environmental footprint of the EV lifecycle. Transparency across the entire supply chain is the best way to ensure that the EV revolution is also a green revolution.
"We are proud to share the results of a life cycle assessment of the First Cobalt Refinery process and we are committed to using these findings to improve our flowsheet to achieve even higher standards. Industry-leading ESG practices and environmental stewardship are important to us, as they are to our partners and our stakeholders."
Guten Morgen! 
jenau.....aber immer an dit Licht am Ende des Tunnels denken....ich habe bei NCU noch nicht alle Hoffnungen begraben
