Magnetics Business & Technology - May/June 2024 - 33

INDUSTRY NEWS
Cyclic Expands Magnet Recycling to Wind Turbines & MRI Machines
impact of the industry. Our magnetagnostic
recycling technology extracts
valuable critical metals from end-oflife
products and feeds these commodities
back into North American
and European supply chains. "
Operating from its pilot facility in
Kingston, Ontario which it launched
in the fall of 2023, Cyclic is processing
feedstock with a capacity of 8,000
metric tons per year. The company
currently seeks additional sources for
end-of-life wind turbine generators, MRI
machines and other materials such
Ahmad Ghahreman,
CEO of Cyclic Materials
as automotive parts and manufacturing waste. In the coming
years, Cyclic is planning to expand with multiple facilities in
North America and Europe, including a hub commercial demonstration
facility to open this year with a magnet processing
design capacity of 100 tons per year.
Founded in 2021, last year Cyclic closed an oversubscribed
Series A Funding of $27M led by BMW iVentures and Energy
Impact Partners, which followed a $3M funding from the Sustainable
Development Technology Council of Canada.
See www.cyclicmaterials.earth.
Cyclic Materials, a startup advanced metals recycling company
in Canada intent on building a circular supply chain for rare
earth elements (REEs) and other critical metals, has expanded
its operations to accept two new feedstock streams: wind turbine
generators and MRI machines. Through its growing partnership
network, Cyclic has already sourced 37 MW capacity
of wind turbine generators containing permanent magnets, and
116,000 pounds of MRI machines. The new development marks
a strategic expansion for the company beyond automotive components
and other permanent magnet-containing products into
other end-of-life products.
Its proprietary Mag-Xtract and hydrometallurgy technologies are
the first in the world with the capacity to isolate magnets from
any end-of-life product and then convert this magnet feedstock
to mixed rare earth oxides, cobalt-nickel hydroxides and other
raw materials, says the company. Both wind turbine generators
and MRI machines contain valuable materials such as neodymium,
praseodymium, dysprosium, terbium and copper. While
the recycling of metals such as aluminum, steel and copper in
wind turbines is common, current recycling methods are unable
to recover valuable REEs found in the generators, the largest
of which can contain close to 10 metric tons of them, notably
neodymium permanent magnets.
" MRIs and wind turbines bring incredible opportunities to
recover critical commodities essential to the energy transition, "
said Ahmad Ghahreman, CEO and co-founder of Cyclic.
" Manufacturers, developers and stakeholders across metals
supply chains must recognize the importance of creating a circular
supply chain-not only to reduce dependence on offshore
sources and increase resilience, but to slash the environmental
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May/June 2024 * Magnetics Business & Technology 33
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Magnetics Business & Technology - May/June 2024

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