Catalytic Converters – Platinum & Palladium

  • 80% of the world’s supply of palladium (Pd) and 50% of the world’s supply of platinum (Pt) are used in catalytic converters annually.
  • Worldwide, catalytic converters require about 12,600,000 oz of Pd and Pt per year to meet the exhaust emission regulations for gasoline.
  • A typical auto or light truck catalytic converter contains two to 12 grams of Pd and a similar amount of Pt.
  • 27 million catalytic converters become available as scrap per year.
  • Currently less than 30% of the Pd & Pt in catalytic converters is recovered.
  • A diesel cat wave is coming – as DPF sales began in 2006 and the average recycle age of units is 10+ years.

Current Method To Recover Platinum & Palladium

  • The only current commercial method to recover Pd & Pt from catalytic converters is smelting.
  • Diesel Oxidation Catalysts (DOC) and Diesel Particulate Filters (DPF) are difficult to process.
  • Smelters worldwide currently have limited capabilities, and they are environmentally hazardous.
  • Most smelters and refiners now refuse to accept diesel cat. feedstock due to processing inefficiencies they create.
  • Diesel catalytic converter units also can create smelter safety issues, because trapped carbon can ignite, causing an explosion and damage to a furnace.
  • Recyclers currently attempt to “mix” catalyst types (gas and diesel) in order to monetize their inventory.
  • Smelters are becoming stricter on penalties or outright rejecting batches that contain diesel catalysts.

Mineworx Processing Technology

Davis Recycling Partnership

Mineworx Commercial Plant Economics

  • Projected to process 10 tonnes per day (3,120 tonnes annually).
  • Feedstock grade projected to be 1,500 gpt of Pt and 170 gpt of Pd @ $900 USD Pt and $2,000 USD Pd per ounce prices.
  • Produces a forecasted $100+ million in annual revenues.
  • Gross Margin projected to be ~20%.
  • Forecasted $4 million capital cost.

Pilot Plant Status

  • A large third-party engineering firm was commissioned to assist with the initial design & functionality of the Plant.
  • Designed based on an initial small scale pilot plant utilizing tanks ranging from 100 to 500L.
  • Engineering firm has provided documentation for:
  • Process Flow Diagram (PFD)
  • Material Balance
  • Piping and Instrumentation Diagram (P&ID)
  • Required Equipment List
  • Major Equipment Datasheets
  • A quality control firm is coordinating part purchases from China.
  • Parts are being received and assembled.

Timeline To Full Scale Production

Facts About Diesel Catalytic Converters

Diesel Catalytic Converters, represent a massive untapped market; and a serious and growing problem for the recycling industry
  • Most smelters and refiners now refuse to accept diesel cat feedstock due to the trapped carbon exploding and damage to the furnace.
  • Most smelters and refiners now refuse to accept diesel cat
    feedstock due to the trapped carbon exploding and damage to
    the furnace.
  • Diesel cats contain 2 – 5 times more Pd & Pt than gasoline cats
  • Most smelters and refiners now refuse to accept diesel cat feedstock due to the trapped carbon exploding and damage to the furnace.

Major Disruptive Advantages

Serving an unmet need in a well-established industry.

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