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HomeCVMR NewsPACRO continues discussion of DOE site nickel

PACRO continues discussion of DOE site nickel

Author: CVMR®
Date of publication: 22.07.2021
Reading time: 5 min.
582


By DAVID ZOELLER [email protected]

The Paducah Area Community Reuse Organization agreed Wednesday to learn more about the potential economic impact that could come from 10,000 tons of nickel currently located at the U.S. Department of Energy’s Paducah site.

PACRO is the single point of contact designated by the DOE to identify and reuse surplus assets from the Paducah Gaseous Diffusion Plant to help offset the economic impact on communities, including the loss of jobs, in the aftermath of the plant ceasing operations.

PACRO board Chairman Eddie Jones initiated the nickel discussion as a potential asset at the organization’s May meeting. Following that conversation, Jones was contacted by a representative of a Canadian company which is in the business of refining metals, including nickel.

That representative, Michael Hargett of CVMR Corporation, last month made a presentation to Jones, Greg Wiles, PACRO executive director, and Richie Galloway, the organization’s vice chair.

Jones said there was an analysis done in 2007 for DOE about what could be done with the nickel and CVMR was involved in that.

“Since then, they (CVMR) have refined their process of refining nickel.”

Following about a half-hour of discussion Wednesday, the PACRO board voted to invite Hargett to come to its Sept. 15 meeting to give a detailed presentation, described by Jones as being on par with a TED (technology, entertainment and design) Talk.

PACRO is interested in the economic potential of the nickel, provided it were to be de-contaminated and declared surplus material, to be used for economic development purposes.

“I just felt like it was something that the group should decide, as to whether they (members) wanted to entertain this public discussion,” said Jones, following the board’s unanimous vote to have Hargett make the presentation.

“It’s an asset that exists in our county presently. We often wonder, pontificate, you know, we have those conversations ‘what about the nickel?’

“When we talk about economic development it always comes up. This would be an opportunity for us to document, at least, his (Hargett) perspective of both the history and the potential future of this nickel,” Jones said.

The nickel is potentially quite valuable, Jones told the board Wednesday.

“I don’t know if you’ve done the math. At $60 a pound, 10,000 tons … would be $1.2 billion.”

At one point Jones suggested the board might consider calling a special meeting for the planned presentation, and possibly consider a larger venue to accommodate more people who might be interested in the topic.

The board discussion included the fact that, at present, the nickel belongs to the federal government and any process to refine it and have it become a surplus asset available to PACRO could be many years away.

“I would not make a big deal out of it,” said board member Betsy Flynn, “for something that will most likely never happen.”

“This is certainly a long-game thing,” said board member Craig Clymer, McCracken County judge-executive, who made the motion to have Hargett attend the next regularly-scheduled meeting Sept. 15.

Read more from original source: https://www.paducahsun.com/news/pacro-continues-discussion-of-doe-site-nickel/article_012668c5-f99e-5648-ae71-eacfe6241a52.html

Answers to your questions

  • What does CVMR do?

    CVMR refines metals using vapor metallurgy and produces high-purity powders and components for various industries.

  • What metals does CVMR work with?

    CVMR works with over 30 metals, including nickel, cobalt, lithium, rare earth elements, gold, silver, and copper.

  • Who uses CVMR’s products?

    CVMR’s products are used in aerospace, automotive, electronics, medical devices, energy storage, and defense.

  • What is vapor metallurgy?

    It’s a process where metals are vaporized and purified to produce ultra-pure materials with precise control.

  • Is CVMR eco-friendly?

    Yes, CVMR uses sustainable methods like recycling metals, reducing CO₂, and turning methane into graphene.

  • Where is CVMR located?

    CVMR is based in Toronto, Canada, and operates in over 20 countries globally.

  • Who are CVMR’s clients?

    Clients include Pratt & Whitney, U.S. Mint, Virgin Galactic, Barrick Gold, and the U.S. Department of Energy.

  • Does CVMR make battery materials?

    Yes, CVMR supplies lithium, nickel, cobalt, manganese, and vanadium for electric vehicle and storage batteries.

  • What is CVMR’s role in graphene?

    CVMR converts CO₂ and methane into high-quality graphene for electronics, energy, and advanced material use.

  • How do I contact CVMR?

    Visit https://cvmr.ca or email [email protected] for business inquiries and more information.

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