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Sign upGeomega Solution
Technology for rare earth elements separation and extraction
- About Company
Geomega Solution
Technology for rare earth elements separation and extraction
Label Date
November 25, 2020
From
Canada
Maturity stage
TRL 7 - Prototype testing in the real world
The Geomega Solution aims at providing an environmentally sustainable and profitable solution to recover rare earth elements from permanent magnets and other mining sources. The technology has been developed to address some of the intrinsic challenges faced in conventional Solvent Extraction (SX), where the most advanced improvements and decades of operational experience are all in China. Geomega Solution can increase recycling of end of life products and create a sustainable and independent supply of rare earth outside of China. Most importantly, neodymium magnet producers will finally be able to recycle manufacturing waste efficiently and without affecting the environment.
The Environmental Benefits
- •A 55% reduction of GHG emissions (kg CO2-eq./kg REO)
- •41% reduction in Energy consumption relative to the mainstream alternative solution that is being used in China today
- •A 82% reduction of GHG emissions relative to producing from a mine
The Financial Benefits
- •Capital costs estimated to be over 50% lower than a traditional alternative
- • Operating costs comparable to prices in China but with a significantly better environmental footprint
- •3 years payback time with a contribution margin average of 23%
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Company Profile
Ressources Geomega
We are developing a disruptive technology in the rare earth elements (REE) sector.
Headquarters
Boucherville, QC J4B 6Y4, Canada
Type
Startup or self-employed
Networking Partner
International Cleantech Network
The International Cleantech Network (ICN) is a global network of 13 cleantech clusters on the international forefront of providing innovative and sustainable solutions to meet the growing demand for green technologies.
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Ressources Geomega has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.