Page 165 - CW E-Magazine (20-8-2024)

News from Abroad

CIRCULAR ECONOMY
Cyclic Materials joins Synetiq to recycle rare earth

elements from vehicle motors

Cyclic Materials, a Canadian metals (MREO) in North America. Cyclic
recycling company, has announced the Materials’ proprietary Mag-Cycle and
signing of a collaboration agreement for REEPure technologies help separate
the recycling of electric motors contain- magnets from end-of-life products,
ing rare earths with Synetiq, UK’s lead- such as electric motors, and then con-
ing integrated vehicle salvage and recyc- vert this magnet product to mixed rare
ling company. The motors to be supplied earth oxides, cobalt-nickel hydroxides
by Synetiq include drive motors in hybrid and other raw materials. Feedstock
and electric vehicles, as well as auxiliary from Synetiq will be received by
motors present in all vehicles. Cyclic Materials’ ‘spoke’ facility and
processed with Mag-Cycle before ulti-
“This relationship marks Cyclic The recycling of rare earths deli- mately being sent to Cyclic Material’s
Materials first overseas feedstock contract, vers significant environmental benefits ‘Hub100’ plant for processing using
a significant milestone as we continue to in comparison to mining processes, in- REEPure technology.
expand our business from North America cluding a reduced carbon footprint and
across Europe in the months ahead. Part- water usage. Cyclic Materials recent- Cyclic Materials said salvage and
nering with Synetiq was a clear decision, ly opened its Kingston, Ontario-based dismantling yards, like those operated
as both companies are committed to cir- ‘Hub100’ commercial demonstration by Synetiq, can maximise the mate-
cular alternatives, specifically for electric plant, deploying its proprietary hydro- rials and value recovered from hybrid
motors,” said Mr. Patrick Nee, Senior metallurgical technology, REEPure, and electric vehicles, as well as smaller
Vice President of strategic partnerships and helping fulfil the demand for motors in internal combustion engine
and co-founder of Cyclic Materials. domestic sources of mixed rare earth oxide vehicles, through such partnerships.

CONSOLIDATION
H.B. Fuller acquires HS Butyl

H.B. Fuller, the US-based pure-play Europe, where the waterproofing tape
adhesives company, has acquired HS market is twice as large as in North
Butyl Ltd, the UK’s largest manufactur- America.
er and distributor of butyl tapes, which
provide strong, permanent, watertight “HS Butyl’s innovative technology
seals for a wide variety of applications platform not only complements and
within the construction, infrastructure, completes our existing butyl product
automotive and renewable energy market, which includes butyl tape tech- line for construction adhesives custo-
industries. nologies. mers, it also creates compelling op-
portunities to deliver new, in-demand
The acquisition – which is a contin- In 2022, H.B. Fuller grew its exis- solutions for our customers in the engi-
uation of H.B. Fuller’s strategy to ting technology platform for butyl neering adhesives market, given the
deliver adjusted EBITDA margin of 20% tapes through the acquisition of GSSI technology’s relevance to multiple
in the next 3-5 years – advances one of Sealants, a North America-based butyl high-value applications,” said H.B.
the company’s top 20 technology-based tapes manufacturer. Now, the company Fuller’s President and CEO Ms. Celeste
growth segments and positions H.B. will leverage these capabilities and Mastin. The new business will operate
Fuller to accelerate its expansion into its global distribution network to fur- within H.B. Fuller’s construction adhe-
the $15-bn global waterproofing tape ther grow HS Butyl’s technologies in sives global business unit.

Chemical Weekly August 20, 2024 165

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