Any news for IXR coming out of Innovation UK ?
Opportunity Details
When
Registration Opens
05/07/2024
Registration Closes
15/08/2024
Innovation Exchange challenge: Protective coating of NdFeB sintered magnets
Background
With the UK’s plans for Net Zero by 2050, the energy transition and move towards electrification is driving the demand for rare earth elements such as neodymium. Worldwide magnet demand is projected to increase five-fold by 2030 (Reference – Adamas Intelligence), with China currently dominating all parts of the supply chain from primary raw materials through to recycling and remanufacturing.
Our challenge holder, HyProMag, is a UK based company using a patented recycling technology (developed by The University of Birmingham) to separate rare earth (NdFeB) magnets from end-of-life hard drives, electric motors and other components and subsequently recycle the recovered material into new magnets. Currently operating at pilot scale, HyProMag is scaling fast with initial production of 10 tonnes of sintered magnets per year, ramping to 100-330 tonnes per year in the near future.
While HyProMag, alongside academic partner The University of Birmingham, are leading on bringing sintered NdFeB magnet manufacturing expertise back to the UK, there are several post processing steps where they require additional support.
https://iuk.ktn-uk.org/opportunities/innovation-exchange-challenge-protective-coating-of-ndfeb-sintered-magnets/
(20min delay)