Canada – NovX21, a Canadian company specialising in developing technology for the recovery of platinum group metals (PGMs) from catalytic converters, is to build a precious metals recycling plant at Thetford Mines in south-east Quebec. The project is claimed to be ‘a first’ for Quebec province and ‘a milestone on the road to commercial-scale deployment’ of the company’s expertise.
NovX21’s president and ceo Sylvain Boulanger comments: ‘We looked at multiple options for the site of the new plant, both in Quebec and elsewhere, and Thetford Mines was the obvious choice, particularly given its strategic location and the availability of skilled labour in the region, but also because of its vibrancy and the entrepreneurial attitude of its representatives.’
Founded in 1986, the Quebec-based firm has developed, patented and implemented a ‘sustainable’ technology for the recycling of catalytic converters from end-of-life vehicles. Its technology ‘opens the door to R&D activities aimed at adapting its facilities to recover other metals’ for use in a range of industries that generate large quantities of reusable components, such as electronics. NovX21 owns an industrial prototype plant for PGM recovery near Quebec City in St-Augustin-de-Desmaures.
The global precious metals recycling market is expected to grow by 8.2% to US$ 9 billion by 2018, reckons NovX21. For more information, visit: www.novx21.com
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