As the world gears more and more towards a greener future, there is going to be a lot of importance accorded to companies involved in the clean technology sector. See several companies in this sector below.
Regenx Tech Corp (OTCQB:RGXTF) (TSX.V: RGX) - Regenx Tech is poised to grow owing to its work on the commercialization and development of environmentally friendly processing technologies. The technologies are meant for the recovery of precious metals.
Initially, the company is focused on the recovery of palladium, platinum, and rhodium from diesel catalytic converters. Regenx does it in collaboration with Davis Recycling, its business partner. It inked a joint operating agreement with Davis Recycling in June 2021. This was the formalization of a working agreement that had been there since 2019.
The agreement would provide the company with a diesel catalytic converter supply for supporting further expansion. Regenx essentially provides a technology that is a cleaner alternative to smelters, which are harsh on the environment. Technology also helps in the recovery of 90% of the precious metals from the catalytic converters.
Regenx recently announced that it had been awarded the occupancy permit for its first facility located in Greeneville, Tennessee with a full capacity of 2.5 tons per day for the recovery of the catalyst component of a catalytic converter is usually platinum (Pt), along with palladium (Pd), and rhodium (Rh). All three of these platinum group metals, or PGMs, are extremely rare but have a broad range of applications in addition to catalytic converters.
American Battery Technology Company (OTCQX:ABML) - There is now considerable demand for critical battery metals from the consumer electronics, electric vehicles, and electrical grid storage industries. American Battery Technology Company meets that demand domestically. The company's ESG focussed work seeks to create a closed-loop circular economy for battery metals.
The company engaged the services of the global critical infrastructure solutions leader Black & Veatch through a technical services agreement. Black & Veatch is supposed to help with the commissioning, designing, and construction of American Battery Technology Company's first commercial lithium hydroxide manufacturing plant in Tonopah, Nevada. The facility would have the capacity to produce 30,000 metric tons of lithium hydroxide per year.
Gevo (NASDAQ:GEVO) - Gevo Inc is focused on turning renewable energy and carbon to energy-dense liquid hydrocarbons. These hydrocarbons could be used as drop-in fuels such as gasoline, diesel fuel, and jet fuel. When burned, these fuels could produce net zero greenhouse gas emissions when it is measured across the full life cycle of the products.
Recently Gevo announced that it had gone into a joint development agreement for developing bio-propylene for renewable chemicals by deploying Gevo’s Ethanol-to-Olefins (ETO) technology. The proprietary ETO technology from the company can target carbon-negative drop-in replacements meant for regular petroleum-based building blocks which are called olefins. The also includes bio-propylene. The renewable plant-based olefins would originate from atmospheric carbon dioxide.
Clean Vision Corporation (OTC:CLNV) - Clean Vision Corporation is focused on the acquisition and development of a portfolio of synergistic entities in the green energy and sustainable cleantech spaces. The company's fully owned subsidiary unit Clean-Seas Inc recently completed the acquisition of a 51% interest in Ecosynergie Group. Ecosynergie is based out of Adagir, Mexico, and is involved in the sustainable products space.
After the acquisition, Encosynergie was renamed as Clean-Seas Morocco LLC. Clean-Seas Morocco is aiming to process 120 tons of pyrolysis waste plastic per day at its facility in Agadir. The work would commence in October 2023. It would serve as a Plastic Conversion Network hub working on the collection of waste plastic from the European Union and North Africa. Eventually, the waste plastic would be converted into a green energy source.
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