Amazon-Backed Rare Earths Startup to Build Recycling Plant in Canada
The Cyclic Materials Hub100 plant in Kingston, Ontario.
Source: Cyclic MaterialsCyclic Materials, a startup backed by Amazon.com Inc. and Microsoft Corp., announced plans to build a rare-earths recycling plant and research center in Canada.
The company is investing $25 million to develop the facility in Kingston, Ontario, Cyclic said Wednesday in a statement. Cyclic’s technology recovers rare earths from disused products including wind turbines and data-center hard drives. The company already has a demonstration facility in Kingston.