Cyclic Materials, a pioneer in advanced metal recycling advanced metal recyclinghas announced a significant collaboration with the Microsoft Climate Innovation Fund. This union aims to foster the circular supply chain for rare earths and other critical metals. The investment underscores Microsoft’s continued commitment to circular economy practices. circular economy and demonstrates a specific interest in rare earth recycling of used hard drives.
Microsoft and Cyclic Materials to mine rare earths
Over the past two years, Cyclic Materials has perfected CC360™, a breakthrough technology designed to recover rare earths from hard drives at the end of their useful life. Traditionally, these hard drives are handled by IT asset disposal companies, whose process focuses on data destruction and recovery of metals such as gold and silver, without taking advantage of rare earths.
[post_relacionado]The new technology allows these companies to separate and process these magnets to obtain rare earths, adding significant value to the recycling process.
In addition, Brandon Middaugh, senior director of the Microsoft Climate Innovation Fundexpressed the company’s ambition to achieve zero waste by 2030 by adopting a circular economy approach.“The growing demand for rare earths highlights the importance of investing in developing a sustainable supply of these materials,” he added.
Microsoft supports innovation in recycling
Cyclic Materials, founded in 2021, has established itself as a leader in the development of technologies that convert end-of-life products into valuable raw materials in an economical and sustainable manner. The company has opened its Hub100 plant in Kingston, implementing its proprietary hydrometallurgical technology, REEPure™, which helps meet North American demand for mixed rare earth oxides.
Finally, Ahmad Ghahreman, co-founder and CEO of Cyclic Materials, expressed his enthusiasm for the collaboration with Microsoft.“This support is crucial to accelerate the commercialization of our technologies and increase the domestic supply of rare earths in North America, critical to the energy transition,” Ghahreman said. Sean Magann of Sims Lifecycle Services corroborated the effectiveness of CC360™ technology, highlighting significant performance improvements and anticipating widespread adoption.
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Source and photo: cyclicmaterials.earth