Canada’s privately-owned Alliance Magnesium Inc. (Brossard, Quebec), producer of magnesium metal, has announced the production of its first metal magnesium ingots at its Danville demonstration plant in Quebec . This success follows four years of technological development, design and construction of a pilot plant, and AMI says the ingots, now produced on a regular basis, are used to validate the company’s manufacturing process and to collect the essential technical and economic information to advance future phases of magnesium production.
"This is a crucial step in the development of AMI. It depends on the hard work of all our staff, as well as our financial, technical and government partners who share our ambition to become the greenest magnesium producer on the planet,” said Dr. Joël Fournier Ph.D., Chief Executive Officer and President of AMI.
AMI has developed a patented, innovative technology and process for the production of magnesium metal from serpentine that gives it a cleaner and less expensive approach than methods currently used worldwide by magnesium producers. The new hydroelectric-sourced AMI process is an alternative to the thermal process, one of the most important sources of CO2 emissions globally. AMI has developed a three-stage development program that will lead to an annual production of 50,000 tons in 2019 and the creation of more than 350 jobs. Founded in 2003, the company serves automotive and aerospace industries.
AMI also announced a $ 4.1 million loan from the Fonds de diversification économique de la MRC des Sources, a fund created by the Government of Québec, the proceeds of which will go toward the operations of its pilot plant and the preparation of its $100 million commercial demonstration plant.
"We are delighted to count the Regional Fund as one of our strategic partners in the evolution of our company," said Dr. Fournier . "This financial contribution demonstrates the recognition of AMI's business model as a key driver of the region's economic recovery and its positive impact on the community. "
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