Cyclic Materials, a pioneering company in advanced metals recycling, has inaugurated its Hub100 plant in Kingston, Ontario, marking a significant milestone in the company’s journey. This facility represents the first commercial-scale implementation of Cyclic’s innovative hydrometallurgical technology, REEPure™, designed to create a circular supply chain for rare earth elements (REEs) and other critical metals.
Hub100 is engineered to recycle 100 tonnes of magnetic material annually, utilizing this material to produce recycled mixed rare earth oxides (rMREO) along with nickel and cobalt hydroxides. These products are integral components in the rare earth magnet supply chain. Ahmad Ghahreman, co-founder and CEO of Cyclic Materials, expressed pride in the successful scaling up of their technology, highlighting its potential for growth and innovation.
Established in 2021, Cyclic Materials aims to revolutionize the recycling industry by transforming end-of-life (EOL) products into valuable raw materials, thereby reducing environmental impact compared to traditional mining processes. Their plans to deploy facilities across North America align with the growing demand for domestic sources of rare earth materials, reducing dependence on Chinese imports.
Abdul Razak Jendi, investment manager at the Kingston Economic Development Corporation, praised Cyclic Materials’ contribution to Kingston’s cleantech ecosystem, emphasizing the city’s role as a hub for technology development and commercialization.
Cyclic Materials offers a comprehensive solution for manufacturers and aggregators of EOL products containing permanent magnets, providing a circular pathway for recycling scrap magnetic material. In 2022, the company achieved a notable feat by becoming one of the first globally to produce MREO from recycled EOL products outside of China.
For more information about Cyclic Materials and their innovative initiatives, visit cyclicmaterials.earth.
