Summary:
Cyclic Materials, backed by Amazon and Microsoft, is investing $25M in a rare earths recycling plant in Canada
The facility in Kingston, Ontario, will also serve as a research center, enhancing sustainable recycling technologies
Focuses on recovering rare earths from wind turbines and data-center hard drives, reducing the need for traditional mining
A demonstration facility is already operational, proving the viability of Cyclic's innovative recycling approach
Cyclic Materials, a pioneering startup supported by Amazon.com Inc. and Microsoft Corp., is set to revolutionize the recycling of rare earth elements with a new plant in Canada. The company is channeling $25 million into establishing a state-of-the-art recycling facility and research hub in Kingston, Ontario.
This initiative underscores the growing importance of sustainable practices in the tech industry, with Cyclic's innovative technology focusing on extracting rare earths from obsolete products like wind turbines and data-center hard drives. Already operational in Kingston is a demonstration facility, showcasing the potential of this groundbreaking approach to recycling.
The move is a significant step towards reducing reliance on traditional mining for rare earth elements, which are crucial for manufacturing a wide range of high-tech products. By recycling these materials, Cyclic aims to create a more sustainable and environmentally friendly supply chain.
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