What IB2 does

IB2 is a Paris-based, privately held industrial technology company founded in 2014 that has developed a proprietary process for refining alumina from low-grade bauxite ores. Its core technology targets a structurally inefficient segment of the alumina value chain: ores that are typically treated as waste by conventional refiners. The company's stated value proposition centers on reducing waste and environmental impact relative to traditional alumina production methods, positioning the process as a "green industrial technology."

The company's offering is a single unified product — its sustainable alumina production technology — with no additional product lines, modules, or service tiers disclosed. Underlying technical details (process chemistry, reactor configuration, throughput, or yield improvements) are not publicly documented in the available sources, and no patents or trademark filings have been disclosed, leaving the defensibility of the IP unverified from public information. The company employs between 11 and 50 people and operates from Paris, France.

IB2's commercial model is not publicly disclosed: no pricing mechanism, customer list, contract structure, or revenue figures are available. The addressable market is described at a horizontal level as the alumina production industry, with use cases centered on more efficient and lower-impact processing of low-grade bauxite ores. As of February 2024, the company's primary disclosed commercial signal is an €8 million private equity investment from Otium Capital earmarked to advance technology development; no pilots, offtakes, licensing arrangements, or named industrial customers have been disclosed.

Name

IB2

Website

https://ib2-bauxite.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

IB2 is a Paris-based industrial technology company that has developed a proprietary process for refining alumina from low-grade bauxite ores, targeting reduced waste and environmental impact versus conventional alumina production methods for the alumina industry.

Ownership category

akta.pro rank

Product category

Industrial Alumina Production Technology

NAICS

Alumina Refining and Primary Aluminum Production (331313)

SIC

Primary Production Of Aluminum (3334)

akta.pro primary industry

Alumina Refining (Bayer Process) (IMAKACAB)

Keywords

• Alumina production technology
• Bauxite refining
• Green industrial technology
• Sustainable mining
• Low-grade ore processing

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations

Core offering

IB2 offers a proprietary green industrial technology for refining alumina from low-grade bauxite ores. The technology enables alumina producers to process ores typically considered uneconomic or waste material while reducing environmental impact and waste compared to conventional refining methods. The offering is targeted at industrial alumina production operators.

Product overview

IB2 is a green industrial technology company that offers a single unified product: its proprietary sustainable alumina production technology. This technology enables the processing of low-grade bauxite ores into alumina while significantly reducing waste and environmental impact compared to conventional production methods. The company's innovation focuses on making alumina production more efficient and environmentally friendly for industrial applications.

Differentiator

Problem solved

Functional benefit

Products and services

• IB2 Sustainable Alumina Production Technology

Quantifiable outcome

• Reduces waste and environmental impact in processing low-grade bauxite ores

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves2 records

Expansion highlights2 records

Emerging players

• Boston Metal: Boston Metal is a US-based green industrial metals technology company using molten oxide electrolysis to produce green iron and other metals. It is highly comparable to IB2 as a venture-stage green industrial technology company commercializing a proprietary metals-processing platform that displaces mature, carbon-intensive incumbents.
• Electra: Electra is a US-based green industrial technology company producing green iron via low-temperature electrochemical refining. Comparable as a venture-stage green industrial metals company commercializing a proprietary electrochemical process that displaces incumbent carbon-intensive production methods.
• Nth Cycle: Nth Cycle is a US-based metal processing technology company using electrochemistry to refine low-grade and recycled feedstocks into critical minerals. Comparable as a venture-stage clean-tech metals processing company targeting low-grade, hard-to-process feedstocks — a strategic adjacency to IB2's low-grade bauxite upgrade model.

Broad incumbents

• Alcoa Corporation: Alcoa is one of the world's largest alumina and aluminum producers and a partner in the ELYSIS carbon-free aluminum smelting joint venture. As the dominant alumina refining incumbent with active decarbonization initiatives, Alcoa is both a potential customer and competitor to IB2.
• Norsk Hydro: Norsk Hydro is a global aluminum major with strong ESG positioning and low-carbon aluminum product lines, headquartered in Norway. Comparable as a European-headquartered aluminum incumbent actively investing in green aluminum processing and red mud valorization.
• Rio Tinto: Rio Tinto is a global mining major with significant aluminum and alumina operations and partnerships, including ARENA-funded low-carbon alumina research in Australia. Comparable as a major alumina customer base and competitor investing in green processing technologies.
• RUSAL: RUSAL is one of the world's largest aluminum producers outside China and a pioneer of low-carbon aluminum through its ALLOW brand using inert anode technology. Comparable as a major alumina/aluminum producer pursuing carbon-reduction technologies in smelting and refining.
• South32: South32 operates the Worsley Alumina JV in Australia, a major integrated bauxite mine and alumina refinery. Comparable as a global alumina/aluminum incumbent with active focus on sustainability in refining operations and a relevant customer reference for IB2's tech.
• Hindalco Industries: Hindalco (Aditya Birla Group) is India's largest aluminum producer and a major global alumina refiner. Comparable as an alumina refining incumbent that processes low-grade bauxite from domestic Indian reserves — precisely the type of feedstock IB2's technology is designed to upgrade.
• Emirates Global Aluminium: Emirates Global Aluminium is one of the world's largest premium aluminum producers and a major alumina refiner in the UAE. Comparable as a global alumina/aluminum incumbent investing in process technology and sustainability initiatives, including DX+ digital smelting.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IB2