Renercycle and Cyclic Materials have entered into a strategic partnership to enhance the circular economy in the renewable energy sector, focusing on the recycling and recovery of rare earth elements (REEs) from dismantled wind turbines. This agreement reflects a shared commitment is built on a shared vision and commitment to sustainability,combining expertise and responsible management of critical resources to accelerate the energy transition.
Renercycle will preferentially supply Cyclic Materials with end-of-life magnetic materials from decommissioned wind turbines, which Cyclic will recycle using its proprietary MagCycle℠ and REEPure℠ technologies. These cutting-edge processes enable the efficient recovery of REEs, which are then reintroduced into new industrial applications.
Cyclic Materials is the pioneer in rare earth magnet recycling and developed environmentally responsible technologies providing agnostic and scalable solutions to process any end-of-life permanent magnets that power the modern world. By reducing dependence on mining and non sustainable sources, the company contributes to supply chain resilience and carbon footprint reduction. Renercycle, for its part,develops industrial and technological solutions to boost the circularity of wind turbines and related assets, contributing to the Zero Waste target by offering innovative strategies for the reuse and recycling of materials.
Javier Villanueva, CEO Renercycle: “Through this alliance, Renercycle and Cyclic Materials aim to create a more sustainable supply chain for critical materials in Europe. In addition, Renercycle completes its customer service portfolio and increases its recycling rate to over 95%.”
Ahmad Ghahreman, CEO and co-founder of Cyclic Materials, added:
"This partnership with Renercycle marks a major step toward closing the loop on rare earth magnets in the renewable energy sector. By pairing their unparalleled expertise with our technologies, we are accelerating the shift to a truly circular and resilient supply chain for critical materials."
