Toronto, Canada / Hanau, Germany - We are proud to announce a partnership with Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals.
The companies have signed an agreement ensuring that by-products containing critical materials used in high-performance permanent magnets will be recycled in North America. This partnership advances efforts to create a local and sustainable supply chain for these magnets, which are critical components for electric vehicles (EVs), hybrid vehicles, wind turbines and modern electronics.
This joint effort will produce recycled raw materials that have as much as 75% lower carbon footprint compared to mined raw materials, thereby allowing VAC’s customers to source environmentally friendly rare earth magnets with lower Scope 3 emissions. Industries from wind energy to automobile manufacturers can then use these magnetic components to meet their net-zero production goals.
“We are proud to work with Cyclic Materials to advance circularity of the critical materials required for the energy transition. Our recycling partnership will ensure that critical materials remain local and re-enter our supply chains, providing key industries with the high-performance permanent magnets required to meet consumer demand and achieve global sustainability goals.” - Dr. Erik Eschen, CEO of VACUUMSCHMELZE.
To learn more, please visit
www.cyclicmaterials.earth and www.vacuumschmelze.com
#vacuumschmelze #vac #hanau #partnership #cyclicmaterials #rawmaterials #recycling
Green transition | Business Development | EV Battery anode
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