Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Andromeda Metals partners with Hallett Group for Great White HRM 'green cement' product

Published 16/11/2023, 09:27 am
Updated 16/11/2023, 10:00 am
© Reuters.  Andromeda Metals partners with Hallett Group for Great White HRM 'green cement' product

Andromeda Metals Ltd (ASX:ADN) has inked a Strategic Alliance Agreement with South Australian building and construction materials company Hallett Group.

The partnership has been forged by Andromeda Metals to take advantage of Hallett's extensive industry knowledge and reach to propel ADN’s asset Great White HRM™ to the forefront of sustainable construction practices.

Sustainable construction collaboration

Andromeda Metals and Hallett Group are now set to embark on a journey to develop and expand the market for Great White HRM™ in Australia.

Great White HRM™ is an innovation in the construction industry with a range of applications, including reduced cement concrete, reduced fines concrete, enhanced performance shotcrete, backfill solutions and various other building products.

Hallett Group, established in 1978, holds the distinction of being the largest integrated supplier of building and construction materials in South Australia.

It is renowned for its focus on supplementary cementitious materials (SCM) and a wide range of products designed to reduce the carbon footprint associated with concrete production.

The two companies have a shared commitment to environmental responsibility and technological advancement.

Focus on innovation and greener solutions

Andromeda CEO and managing director Bob Katsiouleris said: “We are excited by the promise of partnering with such a strong partner as Hallett, with their focus on innovation and greener solutions.

“This strategic partnership is multi-faceted, and the Green Cement Transformation Project represents a significant opportunity to decarbonise the cement and concrete industry in South Australia, and beyond.”

Hallett CEO Kane Salisbury said: “We are excited to partner with Andromeda and the opportunities presented by the potential commercialisation of Great White HRM.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

“The partnership has the potential to assist us in expanding market share in the markets for low carbon concrete, shotcrete and fines reduction concrete, while also replacing some of the 300,000 tonnes of cement that Hallett Group currently imports each year.

“Under the strategic alliance, Great White HRM will be considered for inclusion as part of our $125 million Green Cement Transformation Project centred in Port Augusta, for which six years of research and development has been undertaken to date, and formulations to be used in Hallett’s work across the concrete supply industry, including iconic projects such as the upcoming $15 billion River Torrens to Darlington Project (T2D) major roadworks project undertaken by the South Australian Government.”

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.