A lot of people think of the environmental consequences of fossil fuels, but the world’s top metals recycler, FMCG, has warned the world could be living in “a period of decline” if fossil fuels are allowed to continue.
The company, which produces FMCGs in Australia and New Zealand, has been in Australia for five years to promote the company’s products and is now the largest importer of the chemical in the world.
“This is an industry that is going to need to be re-thought,” FMCGP chief executive Richard Linton said.
“We’re going to be in a period of declining demand, and the consequences of that are going to have an effect on our industry.”
Linton’s comments came as the world watched a record-breaking heatwave sweep across Australia this week.
The heatwave has brought record-low temperatures to Sydney, Melbourne and Adelaide, prompting a national blackout.
FMCg said the company has spent $15 billion on research and development since it was established in 1999, and plans to invest $6 billion in its global business.
“In order to compete with the global market, we’ve developed an incredible technology that we’re calling ferrous metal recycling, which is a form of a carbon-neutral alternative,” Linton told the ABC.
“It’s basically a process that uses high-temperature metal powders to create ferrous powders, which are then sent to a processing facility, and they’re then mixed with a chemical solution and they are processed into the products that we manufacture in Australia.”
The chemical is used in fertilisers, paints and plastics.
Linton added FMCgem’s products were being exported around the world, and were used in hospitals around the country.
“You’re going through an incredible time right now where there’s this climate change that’s forcing people to change their habits and not have the same things that they used to,” he said.
FGCG said it has “reinvented” itself over the past decade, and its products were already used in many different industries.
“FMCgem is a global leader in the industry and we believe that we have a real opportunity to lead the way in the new age of renewable energy,” Lacey said.
Lacey is hopeful Australia will get its fair share of renewable electricity from the FMCgp plant by 2030.
“I think we’re going, I think we’ll be the biggest contributor in that,” he told the National Press Club.
“And if you’re in Australia right now, you’re probably already working on that.”
A report released by the National Farmers Federation in May said the country was in a unique position to benefit from renewable energy.
It said FMCgt could generate more than 80 per cent of its electricity needs from renewable sources, and that it was the first company to install renewable energy capacity.
“Australia is the only country in the developed world that has its own renewable electricity generation project,” said NFF chief executive David Johnston.
“That’s a great deal for us.”
Litton said FGCgem is working with the Government to bring down emissions from the plants.
“If the Government of Australia can actually bring down the price of these metals, and reduce their price to where they are now, then I think it’s really going to impact on the whole industry,” he explained.
“There are a lot of metals that are not recycled that will be used in products that will ultimately be used, and if they’re used in these products that’s going to reduce their carbon footprint.”