RIFT and Kingspan Unidek Sign First Commercial Iron Fuel Contract
- RIFT's Iron Fuel Boiler will be installed at Kingspan Unidek's facility in Gemert, Netherlands.
- The partnership supports Kingspan's Planet Passionate program to reduce carbon emissions.
- Kingspan aims for a 65% reduction in Scope 1 and 2 emissions by 2030 from a 2020 base year.
- RIFT plans to expand Iron Fuel Technology across Europe with public and private partners.
Iron Fuel Technology Implementation
RIFT has signed a commercial contract with Kingspan Unidek for the industrial use of Iron Fuel Technology. This agreement includes the delivery of an Iron Fuel Boiler and a long-term fuel supply contract, marking the first industrial-scale implementation of this low-carbon fuel.
Installation and Sustainability Goals
The Iron Fuel Boiler will be installed at Kingspan Unidek's facility in Gemert, Netherlands. This initiative aligns with Kingspan's Planet Passionate sustainability program, which aims to reduce carbon emissions across its operations by replacing fossil fuels with circular iron fuel.
Decarbonization and Emission Reduction
Kingspan is committed to reducing its Scope 1 and 2 emissions by 65% by 2030, using 2020 as the base year. The adoption of Iron Fuel Technology is seen as a practical solution that integrates into existing operations without requiring significant overhauls.
Future Expansion Plans
With this first commercial deal, RIFT aims to expand the capacity and deployment of Iron Fuel Technology across Europe. Supported by a network of public and private partners, including PGGM, Invest-NL, and Breakthrough Energy Fellows, the company plans to develop international projects in the coming years.
Source: RIFT