Phoenix Tailings, Tridelta Magnesystem Announce Strategic Partnership Combining American Innovation with German Engineering
Collaboration will focus on establishing a truly sustainable western supply chain for magnetic systems.
BURLINGTON, MA — Phoenix Tailings and Tridelta Magnetsysteme are entering into a strategic partnership where they will collaborate to establish a reliable & sustainable supply chain for rare earth metals and magnetic systems in the Western Hemisphere.
Phoenix Tailings, based in Burlington, Massachusetts, has a proprietary process that refines rare earth metals, extracted from mining waste known as tailings. They are the only company in the United States that processes any rare earth metals and the only company in the world that produces rare earth metals without direct carbon emissions or toxic byproducts. Traditional processing creates 2000 tons of toxic waste for every one ton of usable metal.
Tridelta Magnetsysteme, based in Dortmund, Germany, has been a European leader in permanent magnetic systems since 1920. Their products offer unique solutions in the most demanding use cases, improving environmental safety and reducing costs in the Automotive, Oil & Gas, Petrochemical, Pharmaceutical, and Food Production industries.
“This partnership pairs Phoenix Tailings’ innovation in sustainable mining and metals production with the pinnacle of German engineering in the magnetic components space,” said Nicholas Myers, CEO and co-founder of Phoenix Tailings. “This collaboration means we are providing value at both ends of the supply chain to ensure a truly sustainable, western alternative exists.”
“Partnering with the innovators at Phoenix Tailings places our products on the cutting edge of sustainable industry,” said Martin Korte, CEO of Tridelta Magnetsysteme. “We know our consumers will appreciate this technological breakthrough and we look forward to increasing our presence in the American markets.”