California, USA – 25th July, 2024
In a landmark agreement, Magmec has partnered with Vetri Labs, a Silicon Valley based laboratory with advanced electrochemical technologies, to develop innovative solutions for extracting magnesium minerals sustainably from seawater and industrial waste brine. This collaboration marks a significant milestone for Magmec’s initiative.
Vetri Labs brings to the table over 25 years of specialized expertise in electrochemical testing, research, and product development, making them an ideal partner for Magmec’s visionary project. This partnership will focus on leveraging Vetri Labs’ cutting-edge technology infrastructure and Magmec’s strategic insights to transform mineral extraction processes, including reducing environmental impacts for producing structural metal.
Yousef Gorji, CEO of Magmec, announced, “This collaboration with Vetri Labs is not just about innovation; it’s about setting a new standard in the world of metal processing. Together, we are committed to developing solutions that can help to decarbonise the world economy.”
Dr. Chockkalingam Karuppaiah, Founder and Chairman of VetriLabs, shared, “We are thrilled to partner with Magmec to push the boundaries of what is possible in mineral extraction. Our combined efforts will focus on developing scalable, sustainable technologies that align with global sustainability goals and contribute positively to the industry.”
The initiative is set to begin with pilot projects at Vetri Labs Incubator, aimed at testing and refining the technology, with expectations to scale up successful practices for broader application in the near future.
About Magmec
Magmec produces low-carbon magnesium metal from coastal brine sources, including water desalination by-products, turning industrial waste into valuable materials no longer relying on traditional land-based mining.
About Vetri Labs
Vetri Labs, specializes in electrochemical testing, research, and development, supporting industries with innovative and sustainable solutions. Vetri Labs Incubator is focused on nurturing climate tech start ups through their support for product, process and company scale-up, providing wet lab/office infrastructure and access to angel and venture capital ecosystem.