Solvay

Materials/Manufacturing

Cyclic Materials Opens Magnet Recycling Plant, Signs Supply Deals with Solvay & Vacuumschmelze 

July 31, 2024 Editorial Staff Comments Off on Cyclic Materials Opens Magnet Recycling Plant, Signs Supply Deals with Solvay & Vacuumschmelze 

Startup recycler Cyclic Materials is stepping out to commercial operation with the opening of its first-phase plant in Canada and two new supply chain deals – one with Solvay in Brussels and another with Vacuumschmelze of Germany who has a new magnet plant now under construction in the USA.

In early June, the Toronto-based company opened its Hub100 plant in Kingston, Ontario. The plant is the first scaled version of Cyclic’s hydrometallurgical technology, REEPure, and is positioned to demonstrate the feasibility of the technology at a commercial scale. The plant has a design capacity to recycle 100 tons of magnetic material per year, producing recycled mixed rare earth oxides (rMREO) that can be reused in the rare earth magnet supply chain, as well as nickel and cobalt hydroxides. […]

Materials/Manufacturing

Solvay Partners with Carester for Magnet Recycling & Manufacturing in Europe 

May 21, 2024 Editorial Staff Comments Off on Solvay Partners with Carester for Magnet Recycling & Manufacturing in Europe 

Global chemicals giant Solvay and French rare earths consultancy Carester are planning to form a strategic partnership aimed at leveraging the expertise of both companies to pursue manufacturing opportunities within the rare earth industry for the permanent magnets value chain in Europe. The collaboration, announced in March as a signing of a memorandum of understanding, will enable both companies to enhance their respective strengths in the rare earths industry, with Solvay contributing its industrial assets and operational experience, and Carester bringing expertise in recycling end-of-life equipment, upstream market knowledge and related activities. […]

Materials/Manufacturing

Solvay Builds Momentum to Grow Rare Earths Magnet Business in Europe 

May 17, 2023 Editorial Staff Comments Off on Solvay Builds Momentum to Grow Rare Earths Magnet Business in Europe 

Global chemicals giant Solvay has joined the Rare Earth Industry Association in its latest move to dramatically build its magnetics business. Planning to develop a major hub for rare earth magnets in Europe, the Belgian-based company has been beefing up its supply chain in addition to the latest step toward building its network of industry partners and potential customers. […]

e-Power Technology

Cyclic Materials Raises $27M to Scale Recycling Technology, Links up with Solvay and Arnold 

April 25, 2023 Editorial Staff Comments Off on Cyclic Materials Raises $27M to Scale Recycling Technology, Links up with Solvay and Arnold 

Creating a Circular Supply Chain for Rare Earth Elements and Critical Materials

Cyclic Materials, a Canadian advanced metals recycling company focused on producing critical materials, today announced it has raised $27 million in an oversubscribed Series A financing. The money is flowing in quickly after accomplishing its first production run of rare earth magnetic material and forging a string of partnerships with magnetics industry notables. These include chemicals giant Solvay which is planning to build a major rare earths magnet operation in Europe, and Arnold Magnetic Technologies (see related article), among others. […]