HyProMag develops a patented Hydrogen Processing of Magnet Scrap (HPMS) technology to extract and demagnetize neodymium iron boron (NdFeB) alloy powders from scrap magnets and redundant equipment. This process addresses the challenge of recycling rare earth magnets, reducing waste and conserving valuable materials in the supply chain.
Funding
Funding not disclosed
Founders
Product
Problem
The recycling of neodymium iron boron (NdFeB) rare earth magnets from scrap and redundant equipment presents a significant challenge. Traditional methods are often energy-intensive and may not efficiently recover valuable materials, leading to waste and supply chain vulnerabilities.
Solution
HyProMag has developed a patented Hydrogen Processing of Magnet Scrap (HPMS) technology that addresses the challenges of rare earth magnet recycling. The HPMS process extracts and demagnetizes NdFeB alloy powders from scrap magnets and equipment in an energy-efficient manner. This technology enables the recovery of valuable magnetic materials, promoting a circular economy and reducing reliance on primary mining. By providing a cost-effective and environmentally sound recycling solution, HyProMag aims to establish a full recycling supply chain for NdFeB magnets.
Target Audience
The primary target audience includes magnet manufacturers, recycling companies, and industries that generate NdFeB magnet scrap, such as automotive, electronics, and renewable energy.
Features
- Patented Hydrogen Processing of Magnet Scrap (HPMS) technology
- Energy-efficient extraction and demagnetization of NdFeB alloy powders
- Recovery of high-value magnetic materials from scrap magnets and redundant equipment
- Supports the development of a circular economy for rare earth magnets