Suvo Strategic Minerals Ltd (ASX:SUV) has entered into a non-binding memorandum of understanding (MoU) with Polvine Pty Ltd, also known as PERMAcast, a leading supplier of precast and prestressed concrete products for Western Australia’s major infrastructure, oil & gas and mining projects.
The two companies intend to jointly develop a low carbon concrete, using Suvo’s mineral assets and PERMAcast’s concrete expertise, for a range of end-use applications.
Accelerating commercialisation
“It’s an exciting opportunity and a privilege to be working with the experienced and respected PERMAcast team,” Suvo non-executive chair Aaron Banks said.
“Over nearly two decades, PERMAcast has captured a sizeable share of the West Australian market, providing exceptional quality products to Tier-1 clients such as BHP (ASX:BHP), Rio Tinto (ASX:RIO), Santos, Woodside, John Holland, Brookfield Multiplex and Thiess amongst others.
“This potentially creates a pathway to accelerate the commercialisation of Suvo’s geopolymer IP at a time when many of PERMAcast’s clients, and PERMAcast itself, are seeking new opportunities to achieve their GHG emission reduction targets.”
Sustainable concrete solutions
Under the MoU, the two companies will collaborate toward a strategic partnership agreement aimed at exploiting Suvo’s licensed intellectual property, a low carbon geopolymer concrete plant and formulations for the new product.
“I'm excited as we announce PERMAcast's partnership with SUVO Strategic Minerals, a leap towards sustainable innovation,” PERMAcast CEO Darren Hedley said.
“With our legacy of quality in the Western Australian market and SUVO's cutting-edge geopolymer technology, we're setting our sights on reducing GHG emissions and pioneering low-carbon concrete solutions.
“This collaboration is more than an advancement of products—it's an alignment of values and a shared commitment to environmental responsibility.
“Watch this space as we explore greener possibilities for a sustainable industry.”