Assets & Technologies

Binding Solutions Limited has developed a proprietary cold-agglomeration process designed to convert iron ore fines into pellets at substantially lower temperatures than conventional fired-pellet processes.

The technology has the potential to reduce energy use and associated emissions while creating a saleable product from fine materials that can otherwise be difficult to utilize.

Commercial Development

BSL commissioned its pilot plant in Teesside in 2023 and is now advancing engineering for its first commercial Cold Agglomerated Pellet plant.

In 2026, BSL reported Memorandums of Understanding covering approximately 2 million tonnes of iron ore supply and 2 million tonnes of pellet offtake, compared with proposed capacity of approximately 360,000 tonnes per annum for its first-of-a-kind commercial plant.

BSL is targeting a final investment decision for the first commercial plant in 2027.

CoTec's investment provides exposure to the commercialization of the technology and potential future applications within its broader iron and mineral-recovery activities.