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Geomega Solution

Technology for rare earth elements separation and extraction

November 2020
Gallery Geomega Solution 1
Gallery Geomega Solution 1
01.

Identification

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.

Label Date November 2020
From Canada
Maturity stage Prototype testing in the real world
Looking For Network, New clients, Visibility, Funding, Partnership opportunities

Sectors - Value chain - Application

Sectors
Applications
Design, Power & Produce
Package & Distribute
Valorize & Restore
Value Chain Steps
  • /
02.

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
03.

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%
04.

Activity Region

  • /

North america

Canada,

  • Headquarters
  • Activity
05.

Company Profile

Ressources Geomega

We are developing a disruptive technology in the rare earth elements (REE) sector.

View company profile
Headquarters Boucherville, QC J4B 6Y4, Canada
06.

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.

View partner profile
Solutions Associated 88
07.

Related Topics

Connect with the innovator Save to Project

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.