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'Winners in strand two for later stage research and development (R&D)
European Metal Recycling Ltd, Hypromag Ltd, Offshore Renewable Energy Catapult, Magnomatics and University of Birmingham
Decommisioning and recycling of offshore wind turbines.'
https://www.ukri.org/news/projects-secure-6-6m-to-strengthen-uk-supply-of-critical-materials/
'The project aims to sustainably decommission and recycle offshore wind turbines.
The first generation of wind turbines are now nearing the end of their life, and decommissioning them sustainably presents a multifaceted challenge. The project aims to be part of a low-carbon decommissioning programme that allows for the retrieval of the rare earth elements used in their construction.'
'Another innovative project to successfully secure investment is a collaboration between EMR, HyProMag Ltd, Offshore Renewable Energy Catapult, Magnomatics and The University of Birmingham, which aims to sustainably decommission and recycle offshore wind turbines.
The first generation of wind turbines are now nearing the end of their life, and decommissioning them sustainably presents a multi-faceted challenge. The project aims to be part of a low-carbon decommissioning programme that allows for the retrieval of the Rare Earth Elements used in their construction.
Nick Mann, Operations General Manager of HyProMag said: “We are very excited about this innovative project and the opportunity to further develop the UK supply chain for rare earth magnet recycling with the support of Innovate UK and an excellent consortium of project partners. This project will address the hurdles for recycling of permanent magnets from wind turbines, effectively unlocking a new domestic source of rare earths.”
Ooh - more money.
Funny what I said last week about stuff hitting the wires from this week - funny old game.
Big news that as it implies more of those deals going forward.
We're starting to monetize guys and gals - even before the plant(s) are up and running ...
It'll be small beans funding wise but..... It's great timing with the pilot plant about to come online !
Great oaks/acorns etc.
This is going to be a very interesting year here.
Basically, HyproMag is about to be supplied with wind turbine batteries (massive) to recycle ...
Two tons of Rare Earths per 3MW wind turbine - blimey, I had no idea it was so much!
https://tinyurl.com/32rcz7tr
It was in front of us all of the time! Had to come good eventually - Malawi schmoowi! MDA - who cares anyway. Onward and upward!
"The biggest supplier of #rareearths ex China is #Lynas 🇦🇺. They operate in an area of Malaysia called Kuantan. The Malaysia-China Kuantan Industrial Park (MCKIP) is a joint venture b/w Msia 🇲🇾 and the govt. of China 🇨🇳. Lynas have until Jan 2024 to cease their operations in Msia."
They're nationalising Lynas' project!
How much more of that to come courtesy of China eh - they make the most profit from Rare Earths going through the roof of course ...
https://x.com/mineralsmindset/status/1701219276567568461?s=20
Can you believe there was only £1100 of buys today! Either us jolly band on LSE have got it totally wrong - or the world is blind.
No different to the volume on HUM at 6p ...
Roll on 7am - night night.
Unlocking a new source of rare earths
Nick Mann, Operations General Manager of HyProMag said:
We are very excited about this innovative project and the opportunity to further develop the UK supply chain for rare earth magnet recycling with the support of Innovate UK and an excellent consortium of project partners.
This project will address the hurdles for recycling of permanent magnets from wind turbines, effectively unlocking a new domestic source of rare earths.
About to be the number one wind turbine recyclers in the UK... the funding partners are no slouches if you look into them....
Hope they don't blow it! :)
(just wanted to write that line )
P1
'As the first generation of the UK's wind turbines come to the end of their serviceable life, "Re-Rewind" aims to pioneer a sustainable, circular economy to recover and secure essential resources needed for the next generation of wind turbines.
Re-Rewind, an innovative partnership between global leader in sustainable materials, EMR, world experts in recycling rare earth magnetic materials, HyProMag, the Offshore Renewable Energy (ORE) Catapult, Magnomatics, and University of Birmingham, part funded by Innovate UK, has embarked on a groundbreaking mission to establish the UK's first circular supply chain for the rare earth magnets used in wind turbines.
This pioneering collaboration seeks to play a pivotal role in securing the future of sustainable wind energy by recycling critical materials and reducing the reliance on our Earth's depleting resources.
From high-quality construction steel, copper and other metals to a range of rare earth elements (such as praseodymium and dysprosium), modern wind turbines contain a wealth of materials which, if they cannot be sourced from recycled channels, must be mined, leading to increased environmental impacts and resource scarcity.
In particular, the wind turbine sector uses very large quantities of a rare earth magnet that's an alloy of neodymium, iron and boron (NdFeB). These NdFeB magnets are critical components used in PMSGs (Permanent Magnet Synchronous Generator) in larger onshore and offshore wind turbines. With the UK's rapid transition towards net-zero emissions, it's predicted that in 2040 there will be a 240,000 tonne shortfall of rare earth magnets, which will slow down our progress dramatically unless an alternative source is established.
With no consistent route to recycle these materials, due to safety, economy and technical challenges in extracting and recycling the magnets, the "Re-Rewind" project is set to combat this impending shortage, bolster the UK's rare earth material security, foster the creation of green jobs, and alleviate the strain on Earth's diminishing resources.
EMR's Energy Infrastructure Lead, Dr Charlotte Stamper said:
"Our collaborative effort represents a significant step forward in securing the sustainability of wind energy. By establishing a circular supply chain for rare earth magnets, we not only reduce the environmental impact of wind turbine production, but we also lay the foundation for a greener, more self-sustaining future."
HyProMag Operations General Manager, Nick Mann said:
"We are thrilled about this groundbreaking project and the chance to enhance the UK's rare earth magnet recycling supply chain. Thanks to the backing of Innovate UK and our outstanding consortium of project collaborators, we see immense potential. Each company's unique expertise comes into play to tackle the complex task of extracting magnets from retired wind turbines.
P2
'"This project is set to overcome the obstacles associated with recycling rare earth magnets from wind turbines, effectively opening up a new domestic source of these magnets, which is a significant achievement in itself."
Although wind power has been utilised through the ages, the first great wave of large-scale wind energy occurred in the 1990s. Consequently, many early-generation wind farms are approaching the end of their typical serviceable lifetime, estimated at around 20 to 25 years.
Re-Rewind is leading the way in the renewable energy sector during this crucial time. Through its commitment to pioneering circular supply chain solutions, the partnership aims to make sure that wind energy remains viable in the UK for the long run and helps to create a more sustainable future for future generations.'
A quick probably completely wrong math on this is UK has 11,500 wind turbines and is expected to grow in fact needs to triple!... to hit targets
Each turbine I believe averages 2 tonnes of REE in a magnet with some having more than one magnet
but anyways looking at a staggering 23000 tonnes of recycable REE magnets.... UK only so once HyproMag master this it can become part of the pilot exported to every part of the globe... blue day? probably not lol
So, are we saying that pioneering Hypromag's patented process is the only worldwide tech that can recycle these wind turbines??
No of course not but could turn out the best in price and greenness plus they are pioneers
Morning.
Back to the bread and butter - Neodymium ticked up a bit more this morning, +15.77% for the month now.
Remember Mkango has the full package the means to recycle without chemicals (although they can do that too )and do it using over 80% less energy than others and they can then manufacturer magnets.... again worth looking at this funded projects partners
Oh forgot and ought to soon have access to it's own raw mined and refined resource
Complete package
The US has 4x as many turbines - probably explains the plan to get 3x recycling stations set up in the US.
Lots of complaining about timescales here but if you zoom out and away from the MDA for the mine (which could still drop tomorrow of course) then you can see that the pieces of the big picture are all being slid into place in a timely manner.
An average wind turbine lasts 20-25 years and they've all got to be recycled, every one one of them, so someone will have to provide a solution for that ASAP which is precisely what Mkango are doing ...
There she blows!!