ReElement and Purdue Signing Ceremony
Purdue College has expanded ReElement’s unique rights to incorporate all feedstocks together with uncommon earth ores
American Assets Company (NASDAQ:AREC)
— Mark Jensen
FISHERS, INDIANA, UNITED STATES, April 19, 2024 /EINPresswire.com/ — American Assets Company’s (NASDAQ:AREC) (“American Assets” or the “Firm”) wholly owned subsidiary, ReElement Applied sciences Company, (“ReElement”) a number one supplier of excessive efficiency refining capability of uncommon earth and demanding battery components, introduced immediately that Purdue College has expanded ReElement’s unique use of the patents for licensed ligand assisted displacement (“LAD”) chromatography and knowhow for all feedstocks to now embody uncommon earth ores. These unique patents and applied sciences, developed at Purdue College, have been utilized by ReElement at its Noblesville, Indiana Industrial Qualification Facility to supply ultra-pure uncommon earth oxides and demanding battery components to the rising magnet and power storage industries. ReElement has efficiently developed its crucial mineral platform know-how offering a excessive efficiency and scalable answer for separating, purifying and refining uncommon earth and demanding components in an environment friendly, low price and environmentally secure course of outdoors of China.
Mark Jensen, CEO of ReElement Applied sciences stated, “I’m grateful for the onerous work of our group in addition to our companions at Purdue College. Primarily based on our speedy execution and success up to now, we now have expanded the worldwide unique rights to incorporate all feedstocks for our separation and purification patents for crucial and uncommon earth components. This enlargement of uncommon earth components from major feedstocks will now complement and work alongside our present worldwide unique rights for recycled uncommon earth feedstocks and all crucial battery mineral feedstocks. As we embark on the following few years, we look ahead to working with companions that we will collaborate with to effectively synthesize upstream and downstream components of the provision chain with our environment friendly and important refining options to allow a wholesome, safe and sustainable provide chain for crucial and uncommon earth minerals in the US and throughout the globe. The demand for crucial and uncommon earth components is projected to develop because of the power transition in direction of cleaner, electrified merchandise and technical efficiency in each business and nationwide safety associated industries. We couldn’t be right here with out the onerous work and efforts of Dr. Linda Wang and the help she has been offered by the Purdue College group. We’re extraordinarily grateful and honored to work alongside her to innovate this crucial business.”
Ben Wrightsman, President of ReElement added, “Even secondary makes use of and refining of uncommon earth components rely upon China. Uncommon earths are utilized globally, and but practically all roads lead from, via and again to China. It’s crucial that we guarantee a world ecosystem and set up unbiased versus limited-source, single-dependent, refining provide chains, and this partnership and know-how deployment with Purdue will make sure the U.S. can achieve a essential independence for uncommon earths and demanding minerals.”
Dr. Nien-Hwa “Linda” Wang, The Norman and Jane Li Professor at Purdue College’s Davidson College of Chemical Engineering commented, “My college students and I are thrilled that ReElement Applied sciences is bringing this methodology to separate and purify uncommon earth and battery components to the market. Its impression shall be felt not solely by business however by individuals who care in regards to the surroundings. There have been lots of people who’ve labored with me, from the Faculty of Engineering to the Purdue Innovates Workplace of Know-how Commercialization, to funders on the state and federal stage. Growing this know-how has taken a few years, however it’s prepared for the following big leap of commercialization.”
Brooke Beier, Senior Vice President at Purdue Innovates added, “The success story of ReElement commercializing Purdue-discovered know-how is one other instance of how Purdue Innovates helps college researchers, business and efforts to strengthen our nationwide safety. Our group labored with the lead inventor, Linda Wang, to vet and defend her mental property and labored with ReElement management to carry it to market and impression the state of Indiana’s financial growth with new jobs.”
Dan Hasler, Founder and President of Hasler Ventures LLC acknowledged, “Our financial system and nationwide safety are completely depending on separated and purified uncommon earth metals practically solely produced in China. We’ve obtained to get severe about making a home provide chain that ends with ultimate excessive purity product, and this know-how appears to be like to be the enabler.”
ReElement is at present evaluating or in conversations with suppliers of uncommon earth ores from 4 completely different continents with the purpose of both partnering with such events or buying their uncommon earth concentrates to be refined domestically. Uncommon earth components (REEs) embody the 15 components within the lanthanide sequence plus scandium (Sc) and yttrium (Y). They’re important substances for high-end business and nationwide protection purposes in magnets, metallic alloys, catalysts, ceramics, and phosphors, that are vital for high-technology and clear power purposes. The REE market was valued at $5.37 billion in 2022 and is predicted to succeed in $14.24 billion by the tip of the 2030.
Ligand Assisted Displacement (“LAD”) Chromatographic Separation and Purification
Using LAD chromatography to separate, purify and refine uncommon earth and demanding components is essentially the most price efficient and environmentally most secure strategies utilized up to now. LAD chromatography, as designed for uncommon earth ingredient extraction and purification, is a a lot cleaner and greener purification course of in comparison with typical solvent-based extraction strategies. It has a better yield, productiveness, flexibility and effectivity permitting for smaller and scalable processing quantity with out the cruel or poisonous chemical substances.
The know-how permits:
• Modular and scalable manufacturing capability (rising processing volumes effectively as feedstock manufacturing expands);
• Localization of processing (Eradicating the necessity to transport uncooked ore the world over);
• Considerably much less chemical and power use; and
• Versatility of know-how for a number of feedstocks (ores, recycled materials, and many others.).
David Sauve
ReElement Applied sciences LLC
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