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    magnesium investing

    Firm Gets Grant to Extract Magnesium from Scrap

    Written by Investing News Network
    |
    Oct. 15, 2013 10:12AM PST

    Recycling Today reports that Phinix LLC, based at the University of Kentucky, will receive grant money from the US Department of Energy to develop technology to recover magnesium from magnesium-aluminum scrap.

    Recycling Today reports that Phinix LLC, based at the University of Kentucky, will receive grant money from the US Department of Energy to develop technology to recover magnesium from magnesium-aluminum scrap.

    As quoted in the market news:

    The firm will split a total of nearly $66 million that the ARPA-E will spend under two new programs that seek to provide options to develop more sustainable projects. Phinix’s grant is for about $608,000, which will be used to develop its project, Electrochemical Extraction of High Quality Magnesium from Scrap, under which it is to develop a new electrochemical technology that can recover high-quality magnesium. 

    Click here for the full article in Recycling Today

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