A Global Decarbonization Strategic Roadmap for the Magnesium Industry

In the pursuit of a sustainable and decarbonized future, the International Magnesium Association proudly presents a comprehensive strategy and pathways roadmap, envisioning a transformative journey for the magnesium industry. Rooted in ambitious goals, this document underscores the industry's pivotal role in mitigating carbon emissions and aligning with global initiatives aimed at combating climate change. As we stand at the intersection of innovation and responsibility, the collective effort of stakeholders becomes paramount in realizing these aspirations. Together, we have the opportunity to propel the magnesium industry to new heights, fostering a harmonious coexistence with the environment while contributing meaningfully to the broader global agenda for a cleaner and more sustainable future.
The formulation of the strategy commenced with a comprehensive assessment of prevailing hotspots within the magnesium industry. A thorough evaluation was conducted across all positions within the value chain. This strategic framework was subsequently delineated into three temporal categories: short-term, where immediate changes are feasible; medium-term, entailing an intermediate need for new infrastructure, research, and development capabilities; and long-term considerations. The strategy also incorporates a global perspective that accounts for worldwide regulations and directives, and places ambitious targets for the magnesium industry. Significantly, equal emphasis is placed on all stakeholders throughout the value chain to effect meaningful change. Our recognition of the transmission effect illustrates how the upstream scope 1 and 2 emissions of one company can result in downstream scope 3 emissions for another. Consequently, the strategy underscores the importance of collective action. Lastly, emission pathways were meticulously analyzed and visualized in a roadmap format, highlighting key milestones critical to the magnesium sector's decarbonization.
The paper will also explain the significant role of recycling in an industry decarbonatization effort.
The presentation will also show the actual primary magnesium project pipeline.

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Biography

Martin Tauber has over 25 years’ experience in different raw material related industries, whereas Magnesium has been the most significant one, with executive positions with leading industry players like Hydro Magnesium and Magontec. In 2009, he founded FAURIS Management, a consulting company which provides services to the Magnesium industry on a global basis. Martin is also European Representative and former Chairman of the European Committee of the International Magnesium Association (IMA) and Founding President of the Critical Raw Material Alliance. Martin is also a registered expert of the European Commission.