Hereaus buys Canada’s precious metals leader
Fri July 12 2024
German technology group Heraeus has acquired Canadian firm McCol Metals. Hereaus has bought a 100% stake in the St. John’s outfit. The site will be operated by Heraeus Precious Metals, the precious metals division of the Heraeus Group.
Green economy
Following years of research, McCol Metals has developed a process to facilitate the recovery and recycling of the valuable precious metal iridium from spent mixed metal oxide electrodes.
These are used as anodes in electrochemical processes, for example in the production of copper foils for batteries. Hereaus says that iridium is ‘indispensable’ for the ramp-up of the green hydrogen economy.
Making them part of the circular economy is seen as testimony to the company’s sustainability mission. By 2033, the Hereaus group intends to abandon the use of fossil fuels.
Perfect synergy
‘McCol Metals is a perfect fit for Heraeus. With this acquisition we are further expanding our leading competency in recycling precious metals,’ says Marius Vigener, executive vice president at Heraeus Precious Metals.
‘With McCol Metals’ innovative recycling technology we are following our ambition to keep as much precious metals in the loop as possible.’
‘Leveraging Hereaus’ unparalleled expertise and extensive global network, we are poised to unlock unique synergies that will enhance our recovery and recycling solutions,’ adds Darrell Coombs, vice-president at McCol Metals.
Source: https://recyclinginternational.com/