United States.
FIPR and CMC signed a three-year, $876,000 agreement to initiate the partnership on Nov. 1, 2019.
“We are pleased at the opportunity to work closely with CMC and FIPR, which both have decades of practical experience and extensive contacts in the industry,” said Dr. Terry Parker, provost and executive vice president of Florida Poly and executive director of FIPR. “I am hopeful this collaboration will establish proof of concept for a rare earth extraction plant in the United States using U.S. sourced materials.”
Dr. Jim Mennie, FIPR’s business director, said that in addition to providing a new source of these rare materials, the new research could have a significant economic impact in the region.
“This collaboration creates a new supply chain in Central Florida which would provide new revenue and jobs, as well as these rare elements that we need to build high technology electronic products,” said Mennie.
CMC will be co-locating with and conducting its research at FIPR’s lab in Bartow. Tom Currin, CMC’s chief operating officer, said this will create additional revenue for FIPR and more research opportunities for Florida Poly students.
“Our goal is to prove the basic science in the lab and then construct first a demonstration plant, and then a commercial rare earth separation plant in the Lakeland vicinity,” Currin said. “This will generate local training and employment opportunities, adding to the local employer tax base.”
Contact:
Lydia Guzman
Director of Communications
863-874-8557
