Page 165 - CW E-Magazine (6-5-2025)

News from Abroad

serve the entire US. While the company recycling industry while supporting In 2023, the company launched
has already secured partnerships in local economic growth. a commercial demo facility using its
the Southwest – a key region with an Mag-Cycle process to recover rare earth
estimated 155-ktpa of end-of-life compo- Established in 2021, Cyclic magnets. In 2024, it opened a second
nents from automotive and e-scrap Materials’ proprietary technologies facility in Kingston, Ontario, producing
metals – it is actively expanding its are capable of economically and mixed rare earth oxide via its REEPure
reach nationwide to develop a more ro- sustainably recovering critical raw hydrometallurgical process. With
bust and scalable supply chain. materials from end-of-life electric demand for REE-based magnets surging,
vehicle motors, wind turbines, MRI Cyclic Materials is scaling globally
The new plant will help drive inno- machines, and data centre electronic across North America, Europe, and
vations in the electronic scrap and metal waste. Asia. Arizona, is its first US location.
PARTNERSHIP

Syensqo and Sinopec to jointly drive innovation

in sustainable high-value materials

Syensqo, the Belgian speciality
chemicals firm spun out of Solvay, and
China Petroleum & Chemical Corpora-
tion (Sinopec) have signed a partner-
ship agreement to foster collaboration
in advanced materials and speciality
chemicals.

The partnership is set to explore
business development opportunities
and application development in various
sectors, including commercial aero-
space, transportation, energy, electronics
and industrial fields.

Key areas of focus include carbon “This collaboration with Syensqo jointly explore the path of high-quality
fibre and composites, speciality poly- is an important practice to deepen development of the petrochemical in-
mers, and material solutions for com- the synergy of the global energy and dustry, and provide customers around
mercial aerospace, transportation, and chemical industry chain. We will take the world with cleaner and more effi-
energy sectors. The collaboration will the lead in science and technology inno- cient energy, chemical products and
also delve into supply chain manage- vation, promote the research and de- advanced material solutions,” said
ment and sustainability initiatives, velopment of green and low-carbon Mr. Zhao Dong, General Manager
including the use of circular chemi- technologies and high-end materials, of Sinopec.
cals and reducing carbon footprint.
The two companies will also explore Perstorp to add tariff surcharge
business cooperation in emerging
markets such as South America and in US
Asia.
Swedish speciality chemicals firm, decision to impose import tariffs on cer-
“Together, we will explore innova- Perstorp, has said that its US arm, Per- tain raw materials and finished goods
tive solutions that address the evolving storp Polyols Inc. will introduce a new based on their country of origin. Starting
needs of our industries while lowering line item on all customer invoices in from May 1, 2025, this tariff surcharge
carbon footprint,” said Dr. Ilham Kadri, USA to account for additional costs aris- will vary by product and country of
CEO of Syensqo. ing out of the Trump administration’s origin, the company informed.

Chemical Weekly May 6, 2025 165

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