Proactive - Interviews for investors

Suvo Signs MoU with Wind With Purpose

Episode Summary

Suvo Strategic Minerals Ltd (ASX:SUV) executive chairman Aaron Banks talked with Proactive’s Tylah Tully about the company and its recent incorporated joint venture with PERMAcast R&D Pty Ltd, including its new Memorandum of Understanding (MoU) with Wind With Purpose Pty Ltd (WWP). The agreement grants Suvo the first right of refusal to supply low-carbon concrete for the footings and towers of wind turbines. Banks explained that traditional wind turbine construction relies on Portland cement concrete, a major industrial polluter. Suvo's solution offers a sustainable alternative that reduces carbon emissions and allows materials to be reused at the end of their lifecycle. If all projects under the MoU proceed, Suvo could supply concrete for 400 to 500 turbines, representing a potential revenue opportunity of $120 million to $150 million. Banks also discussed Suvo’s collaboration with PERMAcast, one of Australia's largest precast concrete manufacturers. Together, they are developing new formulations and supply chains to bring sustainable concrete solutions to market. He added that Suvo is in the final stages of securing intellectual property rights for turbine footings and towers. Once finalised, the company will begin testing concrete formulations and integrating them into WWP’s projects. Looking ahead, Banks sees this as a key step toward commercialising Suvo’s low-carbon concrete solutions and expanding its role in renewable energy infrastructure. #SuvoStrategicMinerals #ASXSUV #WindEnergy #RenewableEnergy #GreenConcrete #LowCarbon #SustainableConstruction #WindTurbines #EcoFriendly #PERMAcast #WWP