Solvay and Cyclic Materials sign Memorandum of Understanding for circular rare earth elements
MOU further reinforces both companies’ strategy to develop a European supply chain for rare earth permanent magnets.
Solvay
February 16, 2023
On Friday, the Sustainable Development Technology Council (SDTC) of Canada announced Cyclic Materials was one of 17 Canadian companies to receive funding to assist in our scale-up.
Specifically, we received funding to scale the development of their proprietary technology, which recovers rare earth elements from magnetic waste, reducing landfill and boosting the domestic supply of these essential elements.
To learn more about the SDTC and other grant recipients, please visit their website.
