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American Resources Corporation's ReElement Technologies Joins Forces With EDP Renewables to Pioneer Sustainable Rare Earth Magnet Recycling
Parties will collaborate to recycle rare-earth permanent magnets from decommissioned wind turbines through the Close the Loop ProgramPartnership synthesizes
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[{"type":"text","content":"Parties will collaborate to recycle rare-earth permanent magnets from decommissioned wind turbines through the Close the Loop ProgramPartnership synthesizes industry leaders to set a new standard for critical mineral sustainability for energy transitionFISHERS, IN / ACCESSWIRE / March 12, 2024 / American Resources Corporation's (NASDAQ:AREC) (\"American Resources\" or the \"Company\") wholly owned subsidiary, ReElement Technologies Corporation, (\"ReElement\") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today a partnership with EDP Renewables North America (\"EDPR NA\"), a North American leader in the renewable energy sector, to advance sustainable practices in the wind energy sector through the EDPR NA's newly launched Close the Loop Program. The focus of this collaboration is efficient and sustainable recycling of neodymium-based permanent magnets from decommissioned wind turbines into magnet-grade rare earth elements, contributing to the development of a truly circular supply chain for renewable energy equipment and inputs.As the world's fourth-largest wind energy producer and a top five owner and operator of renewables in North America, the partnership leverages EDPR NA's expertise in wind energy and ReElement's advanced critical mineral refining technology for rare earth and critical battery element. Neodymium-based permanent magnets, commonly used in clean energy applications such as wind turbines and electric vehicle motors to enhance efficiency, are critical components of the renewable energy landscape. By recycling these magnets, EDPR NA and ReElement aim to reduce the environmental impact associated with the production and disposal of wind turbine components as well the primary extraction and common processing methods utilized today in the production of critical and rare earth mineral inputs.Chris Moorman, Chief Commercial Officer of ReElement Technologies, emphasized the significance of this collaboration in establishing a circular supply chain for renewable energy stating, \"We are thrilled to partner with EDPR to address the environmental challenges associated with neodymium-based permanent magnets. ReElement's critical mineral refining process is a game-changer, providing a sustainable solution for recovering and refining a broad range of critical ...