Latest news with #AndrewSavage
Business Wire
20-05-2025
- Automotive
- Business Wire
Cyclic Materials and Lime Announce Pioneering Partnership to Recycle Electric Motors from North American Micromobility Fleet
TORONTO--(BUSINESS WIRE)--Cyclic Materials ('Cyclic'), a pioneer in the circular supply of rare-earth elements (REEs), and Lime, the world's largest provider of shared micromobility electric vehicles, announce a strategic agreement to recycle magnets from retired electric motors powering e-bikes and e-scooters across Canada and the United States. The agreement marks the first at-scale recycling initiative focused on rare earth magnets in North America in the micromobility sector. 'Cyclic is excited to partner with Lime, a company demonstrating what true circularity looks like in action,' said Ahmad Ghahreman, CEO and Co-Founder of Cyclic Materials. ' This partnership sets a powerful precedent for how innovative companies can close critical loops in the clean energy supply chain through the recycling of the permanent magnets that power modern mobility. We are proud to support Lime's bold net-zero and sustainability goals, while helping build a future where materials are recycled and reused, sustaining a more resilient supply of rare earth elements across the industry.' Under the new partnership, Cyclic will recover rare-earth materials from decommissioned motors from vehicles in Lime's U.S. and Canadian markets. The agreement will be serviced primarily through Cyclic's recently announced Mesa, Arizona facility as well as its Kingston, Ontario location, bringing scalable and sustainable rare-earth recycling to one of the fastest-growing clean transportation segments. Today, less than 1% of rare earth magnets are recycled globally, leaving an 'above-ground mine' of over 43,000 metric tonnes of end-of-life NdFeB magnets expected in the U.S. alone by 2035, according to Adamas Intelligence. 1 Together, Cyclic and Lime are addressing this challenge by leveraging Cyclic Materials' MagCycle℠ and REEPure℠ technologies to recover rare earth magnets from end-of-life vehicles. This collaboration unlocks a critical, untapped resource and establishes a new benchmark for circularity in clean mobility. This partnership builds on Cyclic's rapid growth momentum and strengthens both companies' leadership in advancing circular solutions for the clean energy transition. 'Circularity is a core part of our sustainability mission. Partnering with Cyclic Materials helps us take a meaningful step towards enhancing the recovery of already-processed materials and placing them for reuse back into the supply chain,' said Andrew Savage, VP of Sustainability at Lime. 'Through Cyclic's innovative approach, we are able to give new life to critical materials from decommissioned electric motors, increasing the recovery of these materials through the end-of-life process and, hopefully, supporting such practices to scale across electric mobility and beyond.' With a fleet of more than 270,000 EVs and hundreds of millions of rides taken globally, Lime is a global leader in sustainable urban transportation and critical transportation in cities across North America and the world. Lime has achieved a -59.5% reduction in CO 2 emissions since 2019 in its path to net-zero by 2030 and expects to share 2024 results in the coming months. Cyclic and Lime plan to begin operations in the coming weeks, with initial shipments already planned while activities are expected to ramp up throughout 2025. About Lime Lime's mission is to build a future where transportation is shared, affordable, and carbon-free. As the world's largest provider of shared electric vehicles, Lime partners with cities to deploy electric bikes and scooters to serve any trip under five miles. A past TIME Magazine 100 Most Influential Company and Fast Company Brand That Matters, Lime has powered hundreds of millions of rides across 30 countries and five continents, spurring a new generation of clean alternatives to car ownership. Learn more at About Cyclic Materials Cyclic Materials, founded in 2021, is a cleantech company building a circular supply chain for rare earth elements (REEs) and other critical materials essential to the clean energy transition. Its innovative technology transforms end-of-life products into valuable raw materials used in EVs, wind turbines, and electronics. In 2023, the company launched a commercial demo facility using its Mag-Cycle℠ process to recover rare earth magnets. In 2024, it opened a second facility in Kingston, Ontario, producing Mixed Rare Earth Oxide via its REEPure℠ hydrometallurgical process. With demand for REE-based magnets surging, Cyclic Materials is scaling globally across North America, Europe, and Asia. Mesa, Arizona, is its first U.S. location. In recognition of its pioneering work, it was named the #8 Most Innovative company in North America by Fast Company in 2025. Learn more at
BBC News
11-02-2025
- Business
- BBC News
The Conge plans for 82 new homes to regenerate Great Yarmouth
A council and two housing associations have submitted plans for 82 new homes as part of a regeneration Yarmouth Borough Council (GYBC) acquired leases from businesses on the south side of The Conge from 2020 and began demolition in 2024. Using money from the Government's Future High Streets Fund and Brownfield Land Release Funding, the authority has worked with Broadland Housing Association and Orwell Housing on plans for the the proposals, 82 homes, including flats and houses, built on the land, either side of George Smith, the Conservative leader of GYBC, said: ''We are incredibly excited by what the regeneration of The Conge will mean for local people." The council said the partnership would improve a key gateway between the railway station and Market Place, the latter having had £11m invested in a new market building, new paving, lighting and plans involving premises on the north side of The Conge could see further businesses relocated, to allow additional homes to be built in the added: ''This key location has been neglected for some time and this redevelopment is part of our broader regeneration strategy for the borough.''Broadland and Orwell are award-winning housing associations and have a proven track record of delivering and managing high-quality homes and places. "They bring a wealth of expertise and resources to progress the development of this key area of the town centre.''The planning application comes after a public consultation last year on the plans for The Conge, which included an opportunity for people to see the proposals at Great Yarmouth Town Labour group leader Trevor Wainwright said: ''We know there is increasing demand for new homes in the borough and, by working in partnership with two experienced organisations, this forms an important part of our regeneration strategy.'' In a joint statement, Andrew Savage, Broadland's executive director development, and Greg Dodds, Orwell's assistant director of development and growth, said: ''Orwell and Broadland are both locally based and have a long track record of providing quality homes for rent and sale across Norfolk and Suffolk."Orwell and Broadland are delighted to bring forward this iconic site in the centre of Great Yarmouth as the first project under the partnership."The application at The Conge will help to transform a brownfield site into high-quality, well-designed and attractive housing. These much-needed homes in the town centre will be energy efficient to heat for people, and sustainable for future generations who will live there.'' Follow Norfolk news on BBC Sounds, Facebook, Instagram and X.
