It is also apparent that we are constantly being fed stories causing much confusion and it is difficult to discern truth from fiction, especially when it comes to that which causes panic and a drive for behaviour change.
Political debates on the notion of climate changing and posing a threat to our very existence notwithstanding, one thing is certain, and that is that our pollution is harmful to all life. We want to remove as much pollution and toxicity as humanly possible at this time, from our environment. We want to treat the earth, to treat nature, with respect. We want to do this not only to prevent our own demise, but because we revere nature, and life itself.
We do live in an era where it would be, if not impossible, extremely difficult to detach from all polluting technology. Even solar energy technology is polluting, by simple virtue of the fact that panels and batteries are made from elements that are generally harmful to source, obtain, make use of and discard.
It now becomes increasingly important for us to decide how we use and discard that which we need to live our lives today. This includes our motor vehicles and machinery, medical equipment, power generation, telecommunications, and any other major elements of our lives.
What we can certainly do is support and make use of companies that are genuine in their commitment to cleaning up the environment. Companies that reuse and recycle and clean the environment must do so in a sustainable manner, otherwise, it simply cannot work long-term, and so this cannot be charity. It must be profitable. It must be about a way of doing things in abundance and in tune with nature.
Regenx (TSX.V: RGX),(OTCQB: RGXTF) formerly known as Mineworx (TSX.V: MWX), is an example of a company we can hope others emulate in their creativity and ethos.
Regenx (TSX.V: RGX), (OTCQB: RGXTF) utilizes their own proprietary, cleantech innovation to recover precious metals from spent diesel catalytic converters in a way that is environmentally friendly in its method and in the fact that they recycle the catalytic converters while doing so. This is truly impressive. They do so with amazing results, extracting platinum and palladium with >90% yield, and recently they announced a process breakthrough enabling them to also extract rhodium.
According to Regenx, there is, per annum, USD $21.2 billion worth of precious metals in retired catalytic converters, currently not being recycled. This is astounding. While every year, 85% of the world’s supply of palladium, up to half of the world’s supply of platinum, and 80% of the world’s supply of rhodium are used for the development of catalytic converters. The growth potential for the company is clearly extraordinary.
Now, with so many spent diesel catalytic converters not being recycled, the harmful waste is quite shocking. 27 million catalytic converters become available for scrap each year yet less than a third of these are recycled. The traditional recycling method for these is smelting, which has its own environmental hazards and according to Regenx has a limited capacity worldwide. Most smelters refuse to even accept diesel catalytic converters due to the inherent processing inefficiencies.
In the 14 November 2022 white paper released by Regenx, entitled “The World is not Enough; Platinum in the Circular Economy”https://www.regenx.tech/free-resources, it is stated that roughly 40% of all platinum in spent catalytic converters is never recovered by recycling and is considered “lost forever”. What a tragic waste that is! Not to mention the environmental hazard.
A heading within this white paper reads: “Regenx’s commercial plant is the embodiment of the “reuse and recycle” economy”. This is what makes Regenx a brilliant company to look out for, and for others to emulate.
Their new, upcoming commercial plant is modular and will be the first of four modules. The first module set to produce 2.5 tonnes of product per day. According to the white paper, Regenx’s steady state production is expected to be 10 tonnes per day, which at current PGM prices translates to revenues of approximately $100 million per plant.
“This is the embodiment of the “reuse and recycle” economy. Focusing on strong revenue-generating businesses, like Regenx has done, allows humanity to embrace the circular economy in a sustainable way.”
According to market and consumer data company Statista, more than 50 million metric tons of e-waste is generated globally every year. E-waste includes of course computers, cellphones, monitors, televisions, and batteries, and it even includes stereos, copiers, printers, fax machines, DVD players, cameras, and more. Most of these items are indispensable in our modern lives. According to lead and tin product distributor Mayer Alloys, there are some shocking effects on the environment (soil, water, air) and so of course all animals and humans, when these items are disposed of, especially in those cases where they are sent to landfills in 3rd world countries. Mayer Alloys partners with metal recycling company OmniSource Electronics Recycling, and assures their customers that the metals of which they are disposing will be recycled and treated properly. OmniSource Electronics Recycling assures the same. This is how we clean and improve the environment.
Can you imagine the combined impact if all manufacturers of these items make it their mission to only source their raw materials that are produced sustainably and then find ways to dispose of these items in a creative, lucrative, and environmentally responsible way?
Regenx is set to be a market leader in the “reuse and recycle” economy, and we look forward to watching with keen interest how its story unfolds.
