20 Oct 2021
Techno-economic study and partnership with Centre for Process Innovation
Descycle is pleased to provide an update on its upcoming Techno-Economic Study and announce a long-term collaboration with the Centre for Process Innovation (“CPI”).
Highlights
Descycle is working towards completing a Techno-Economic Study on its novel chemistry DES, and the scaling up of operations over the coming years
The Company today announces that the Techno-Economic Study will commence in March 2022, with work completed over an 18-month period;
Descycle has entered into a long-term partnership with CPI, to support the scaling up of the e-waste process from laboratory to commercial scale;
An independent review has been conducted by CPI on Descycle’s process, with positive results received;
Throughout the collaboration with CPI, Descycle will contractually own all existing and created intellectual property (“IP”).
About CPI Partnership
CPI is a leading independent innovation centre, and a founding member of the UK Government’s High Value Manufacturing Catapult, which works with businesses to ensure they are given the support needed to further technological, industrial and manufacturing performance in the UK. Established in 2004, CPI now employing over 600 experts in a variety of fields including deep technology and chemistry and has over £150 million of innovation assets. CPI is the ideal partner for Descycle as it aims to rapidly commercialise its sustainable e-waste recycling solution.
Leo Howden, Descycle Managing Director commented: “We’re pleased to be taking our DES process to the next level, through the undertaking of a Techno-Economic Study. The results of the Study will greatly aid in furthering our operations towards commerciality, as well as demonstrate the viability and superior nature of DES for utilisation in sustainable, zero emission e-waste recycling. In addition, we are delighted to announce our long-term collaboration with CPI with a wealth of experience in our sector.
We look forward to working closely with the experts at CPI as we look to rapidly progress and scale up our operations. Further to advancing the use of DES in the rapidly growing e-waste recycling sector to extract precious metals, we plan to work with CPI to create future growth opportunities, including utilising DES to extract battery metals such as cobalt, copper and nickel.”