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The Metals Company Engages Benchmark Mineral Intelligence to Produce Life Cycle Assessment of NORI-D Polymetallic Nodule Project
The Life Cycle Assessment (LCA) by Benchmark Mineral Intelligence will focus on assessing the potential life cycle environmental impacts of TMC’s planned
About this update from Tmc The Metals Company Inc.
[{"type":"text","content":"The Life Cycle Assessment (LCA) by Benchmark Mineral Intelligence will focus on assessing the potential life cycle environmental impacts of TMC’s planned metal production project from nodules collected from its NORI-D area expected to commence in 2024The study will also provide an independent assessment of how the lifecycle environmental impacts of producing metals from the NORI-D Nodule Project compare to producing the same metals from a range of conventional production scenarios from land oresAn independent LCA study of TMC’s nodule project follows several years of investment by TMC in peer-reviewed industry-level LCA research to understand global environmental and social impacts of producing battery metals from two sources: land ores and seafloor nodules NEW YORK, April 11, 2022 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “The Metals Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it has chosen the leading lithium-ion battery supply chain research firm, Benchmark Mineral Intelligence (“Benchmark”), to conduct an independent life cycle assessment of the environmental impacts of the Company’s planned NORI-D Polymetallic Nodule Project and compare these impacts to producing the same metals from commonly used production pathways using conventional land ores. The Benchmark LCA study will investigate the potential cradle-to-gate impacts of producing important battery materials including nickel sulfate, cobalt sulfate, copper cathode, manganese silicate and an intermediate NiCuCo matte product from seafloor polymetallic nodules in the NORI-D area. These raw materials are widely used as active cathode materials (CAM) for NMC and other nickel-rich cathode chemistries for lithium-ion batteries, enabling the rapid growth of electrified transport and energy storage. The study will draw upon the Initial Assessment of the NORI-D Property independently compiled by AMC in accordance with the SEC Regulation S-K (subpart 1300) in March 2021 and a range of processing plant location scenarios developed by TMC since then. The Benchmark team will also include an additional third-party verification of the NORI-D Project LCA to ensure its compliance with ISO14040 and 14044 guidelines and standards. The LCA specialists at Benchmark will draw upon their extensiv...