The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Bonxie - I was in that business a few years back, so that is my own recollection (unpublished) - processing prices can vary, depending on the values of recyclates/metals recovered, but most of the EV battery recycling companies now will have upfront processing fees of £X/T. Battery storage packs as you say, will be similar to EV (mainly Lithium) - ie complex/hazardous electro-chemical assemblies, where the recyclates will not cover (in my view) the return logistics, electro-chemical disassembly, hazardous elements disposal & so on.
Hi bonxie I can offer some insight on Li-Ion battery recycling. For smaller (eg. smart phone) batteries, from memory, £400/T disposal. For EV li-ion Batteries that is different: you have a high energy/high voltage chemical/electro-mechanical package which needs to be made 1) electrically safe, 2) manually disassembled (too risky to crush them for fire hazard) 3) disposal of hazardous materials etc. So you are looking at I would say £1000/T disposal, maybe more.
Great find AJP - I don’t recall seeing this before AND it is the first time I have seen Jim Gordon’s name on a patent, alongside Bo, John, Yvon. I think this is very significant news - and Jim has also during his career done patent applications while at Unilever. There is a huge amount of FMCG Chemistry Knowledge/IP which they have been protecting at every turn it would seem.
Correctamundo Smart. Richard Gibbs - a great seasoned industrial components & products exec. Understands Industrial Distribution Sales Channels, Product Management & Roadmaps, Factory Automation, Cellular Manufacturing and so on. He was a contemporary of mine and many other great Honeywellers including Tom Frame VP Europe for Honeywell who was a superb Operations guy. Not forgetting Leo Quinn former Qinetiq CEO. I can see within 5 years a buyer coming for Filtronic. With spare cash I’m going to add.
querty you might have missed this. If you don’t believe it you can, of course, just say so, and then say Auf Wiedersehen. If you do believe it you’d better buy quick.
https://www.proactiveinvestors.co.uk/news/downloadResearchPdf/430664
HM, everything you need is here
https://www.proactiveinvestors.co.uk/news/downloadResearchPdf/430664
Thordon what you have uncovered in all your research is invaluable. I thank you for it. It validates the company strategy - they are making and selling this BioPolymer stuff and are a world leader in Itaconic Acid based Polymers. I/we are in deep and we are feeling a bit ****ed off because the update - at this point in time - didn’t correlate with our expectation. Being honest we - and the short term market view - had hoped for a bit more. When petrochemical derived ingredients are BANNED in all manner of products, things will look even brighter than 2-3 years from now!
Yes looks a bit heavy & manna from heaven for the MMs. That being said the drop is a reflection of the (short term) view that the revenue growth curve and therefore breakeven & profitability is pushed out to the right, and John Shaw’s (as usual) cautious statement is par for the course. It’s a bit like a 5 set tennis match: if you can win a point, you can win a game, if you can win a game, you can win a set, if you can win a set, you can win the match. With our IP, products, environmental credentials, and sales so far, we have won the first set. Mona Manning the new VP Sales needs to crack on with sales of existing and new products coming down the line, and help us win that match.
Yes SmartInvestment - and here another reminder - the Abstract from a 2017 paper - of the brilliant scientist we have in the co-founder Yvon Durant, co-written with 2 scientists from TNO Netherlands.
https://te.booksc.org/book/65155284/7dbb9d
It relates to BIOLIFT - also an Itaconix Trademark.
I wonder who stuck in 10 Grand today? Wish I had a spare 10k.
And hopefully we’ll see a raft of products emerging with the Itaconix BIOBIND ingredient.
https://www.trademarkelite.com/trademark/trademark-detail/88094250/BIOBIND
Yep it’s a bit of an eye opener - wish I was a chemist, do I could understand it even better. The timeline has slipped, and with it the revenue growth curve, but the things they have said would come to pass in their business proposition, have happened/are happening/will happen (my opinion only!)
Read the major RNSs from the last couple of years and it will reinforce that view I’m sure. This is a company with great science, great scientists/innovators/patent holders and products being made & sold to big consumer names - not to mention a product roadmap which will I believe continue to delight us for many years to come.