News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service email:shxtb@163.com
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Firm Invests $800M to Open Rare Earth Elements Site in US

The date of: 2021-03-10
viewed: 15

source:Powder Bulk Solids

A joint venture between DADA Holdings and green technology firm Enervoxa, ElementUS, is committing $800 million to open a rare earth elements separation and extraction plant near the Noranda Alumina refinery in Gramercy, LA, according to a recent release issued by Louisiana Economic Development (LED).

Owned by DADA Holdings company New Day Aluminum, the Noranda Alumina facility has a 35 million dry tn reserve of residual bauxite, a mineral contains 10 different rare earth elements.

“Rare earth elements are in short supply and are vital to national defense, critical technologies, and domestic industry in general,” said DADA Holdings chief executive officer and chairman David D’Addario in a statement. “We, alongside Enervoxa, have the opportunity to extract and commercialize valuable rare earths and other minerals while at the same time further reducing the environmental footprint at our alumina refining business and the US dependence on China for these limited and technologically strategic minerals.”

With the opening of the new site, about 200 jobs will be created with an average annual salary of $85,000 plus benefits.

“We are excited to be partnering with DADA Holdings and bringing our green technology to Louisiana and the Noranda Alumina site,” Vandit Verma, the CEO of Enervoxa, said in the release. “We have a proud history of developing and implementing green technology projects, and are confident that the partnership of ElementUS, Noranda Alumina, and the great state of Louisiana will be a long and mutually beneficial one.”

Using Enervoxa’s proprietary residual bauxite processing technology, the new ElementUS plant will have an annual capacity of more than 1 million tn.

The joint venture will make a final investment decision within the next year. If the project moves forward, the State of Louisiana will provide a $6 million performance-based grant, as well as its LEDFastStart workforce solutions. Construction of the site is expected to last two years.



Hot News / Related to recommend
  • 2024 - 12 - 23
    Click on the number of times: 0
    source:Yasmin Ahmed SalemMax Planck Institute for Sustainable Materials (MPI-SusMat) researchers have transformed dealloying—traditionally seen as a corrosive, destructive process—into a groundbreakin...
  • 2024 - 12 - 20
    Click on the number of times: 0
    source: University of LiverpoolThe University of Liverpool has reported a significant advancement in engineering biology and clean energy. A team of researchers has developed an innovative light-drive...
  • 2024 - 12 - 19
    Click on the number of times: 0
    source:SMALL CAPSAxel REE (ASX: AXL) has identified significant gallium mineralisation following a review of auger and diamond drill samples collected from the ongoing Phase One campaign at its flagsh...
  • 2024 - 12 - 18
    Click on the number of times: 2
    source:Helmholtz Association of German Research CentresAnodes for the electrolytic splitting of water are usually iridium-based materials. In order to increase the stability of the iridium catalyst, a...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center
    犀牛云提供云计算服务