Suvo Strategic Minerals Ltd (ASX:SUV) has executed a binding joint development agreement (JDA) with its wholly-owned subsidiary Climate Tech Cement Pty Ltd (CTC) and Polevine Pty Ltd (PERMAcast) to deliver low carbon geopolymer concrete (GPC) products and projects to market and otherwise commercialise the intellectual property created.
Suvo executive chairman Aaron Banks said: “And so, a new exciting chapter begins. Collaborating with the industry leader, PERMAcast, to deliver waste-derived, low-carbon geopolymer concrete products to market is a watershed moment for the company.
“Our first step in commercialisation has been taken and now the exciting work begins. We are thrilled that we can commence production at PERMAcast’s facility having now executed the JDA and having identified a number of suitable products.
“We are now in a position to begin facilitating the vast level of inquiry we’ve received. Again, we thank Darren, Alberto and the team at PERMAcast and look forward to establishing a mutually beneficial working relationship.”
First Colliecrete product to be delivered
In January 2024, Suvo was invited by the Sustainability Waste Alliance (SWA) to collaborate on a major Western Australian Government infrastructure project and demonstrate its licensed low-carbon concrete formulation, Colliecrete.
After the term sheet with PERMAcast was executed in May 2024, the SWA requested the delivery of 1,000mm x 300mm x 300mm low carbon geopolymer backing blocks to be delivered for the project for demonstration purposes.
Consequently, the first GPC product to be delivered under the JDA, using Suvo’s Colliecrete formulation, will be a series of 1,000mm x 300mm x 300mm backing blocks.
It’s expected that the GPC backing blocks will be delivered to the project by the end of this month. The production of the GPC backing blocks will be done concurrently with the formation of the JV entity.
PERMAcast CEO Darren Hedley added: “We are excited to announce our partnership with Suvo and Climate Tech Cement. By signing the Joint Development Agreement, we are not only producing concrete but also incorporating innovation and sustainability.
“Our first project in this collaboration involves creating Geopolymer backing blocks. We are transitioning ideas from the lab to viable and scalable products in the market.
"This lays the foundation for a range of products and waste-derived inputs that will be introduced in the future. We look forward to building both our product offerings and our partnership.”
More on the JDA
Once formed, the JV will:
The JDA requires PERMAcast to provide the capital required to fund the project. Any intellectual property created during the course of the JDA will be owned by the JV Entity, acknowledging the background intellectual property rights of Murdoch University licensed to Suvo.