Geomega Solution

Gallery Geomega Solution 1
Gallery Geomega Solution 1
November 2020
Headquarters Boucherville, QC J4B 6Y4, Canada
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Geomega Solution - Technology for rare earth elements separation and extraction

The Solution is based on an innovative approach of recirculating and recycling the main reagents to produce high purity rare earth oxides while generating less waste solvent or toxic by-products.

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.

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Key features

  • 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

Profitability

  • 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%

Company Profile

Maturity Stage

  • Medium and large scale commercialization
  • Small scale commercialization
  • Initial market commercialization
  • Prototype testing in the real world
  • Prototype testing 1:1 in the lab

Looking For

Activity Region

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North america

Canada,

  • Headquarters
  • Activity

Related Topics

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.