Aqua Metals, Inc., Nevada, United States, (NASDAQ: AQMS), which is reinventing lead recycling with its AquaRefining™ technology, announced it has partnered with BASF to supply electrolyte, cooperate commercially, and explore technical improvements to enhance AquaRefining performance.
BASF will provide the initial supply of Aqua Metals’ electrolyte for all new licensee facilities and will be the preferred supplier partner to all licensees for ongoing electrolyte needs. The specially formulated AquaRefining electrolyte is the key chemical compound used in the AquaRefining process. Both companies have agreed to align their business activities in order to provide their customers with an integrated solution. Specifically, BASF will offer AquaRefining to its existing and perspective battery recycling clientele and Aqua Metals will incorporate BASF product into every initial deployment and system fill. In addition, Aqua Metals and BASF plan to explore technical enhancements to further improve the electrolyte formulations for improved AquaRefining performance and increased equipment longevity.
“We are very pleased to partner with BASF, one of the leading chemical companies, to be our preferred provider of electrolyte for AquaRefining,” said Steve Cotton, President and CEO of Aqua Metals. “We chose BASF due to their commitment to industry leading standards and track record of delivering high quality products. This partnership will also leverage BASF’s global reach to help offer AquaRefining to applicable companies within their global client base as well as work with us in the future to explore ways to enhance the electrolyte for improved AquaRefining performance.”
Robert McGuire, Marketing and New Business Development Manager, BASF, adds, “This partnership will offer AquaRefining clients a sustainable and integrated solution. At BASF, we are committed to developing sustainable solutions and making the best use of available resources. Our collaboration with AquaRefining is a great opportunity to support a sustainable future by implementing innovative and impactful technologies.”
About Aqua Metals
Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing lead recycling with its patented AquaRefining™ technology. Unlike smelting, AquaRefining is a room temperature, water-based process that emits less pollution. The modular systems are intended to allow the Company to vastly reduce environmental impact and scale lead acid battery recycling production capacity by supplying equipment, services and licensing the AquaRefining technology to partners. This could help meet the growing demand for lead to power new applications including stop/start automobile batteries which complement the vehicle’s main battery, lead acid batteries which are in electric vehicles, Internet data centers, alternative energy applications including solar, wind, and grid scale storage. Aqua Metals is based in McCarran, Nevada.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.