IperionX Limited (“IperionX”) (NASDAQ: IPX, ASX: IPX), a leading innovator in sustainable titanium production technologies, has announced a strategic partnership with Heroux-Devtek (TSE: HRX), the world's third-largest landing gear company. This collaboration is set to establish a 100% recycled titanium supply chain, leveraging scrap titanium metal from the aerospace sector.
Heroux-Devtek, renowned for its expertise in the design, development, manufacture, and repair of landing gear, actuation systems, and aerospace components, will supply IperionX with Ti-6Al-4V alloy scrap metal, a byproduct of their landing gear manufacturing process. IperionX, with its patented titanium processing technologies, will transform this scrap into low-carbon titanium, suitable for a variety of future applications.
Aperam / ELG Utica Alloys, in their ongoing partnership with IperionX, will oversee the expert processing of the titanium scrap sourced from Heroux-Devtek.
Titanium's unparalleled strength, lightweight properties, and exceptional corrosion resistance make it indispensable to the aerospace industry. Its usage in large commercial aircraft has surged over the past two decades, now constituting approximately 15% of the weight of modern unladed aircraft.
Historically, titanium production has relied on the 'Kroll Process' since the 1940s. This method is not only energy-intensive and costly but also results in significant greenhouse gas emissions. Moreover, the current titanium manufacturing process yields vast amounts of waste, often relegated to the ferro-titanium market or landfills.
IperionX's groundbreaking titanium production technologies promise a more sustainable future. They require less energy, reduce costs, produce zero Scope 1 and 2 emissions, and utilize 100% scrap titanium as feedstock.
Furthermore, IperionX's innovative technologies can upcycle high-performance titanium alloys, such as Ti-5553 and Ti-10-2-3, which are prized for their enhanced fracture toughness and strength. This eliminates the necessity for a re-melt process, paving the way for these alloys to be repurposed in a spectrum of new high-performance applications.
This partnership between IperionX and Heroux-Devtek marks a significant step towards a more sustainable and eco-friendly aerospace industry.
Dominique Dallaire, Heroux-Devtek Vice-President Central Division said: “The partnership between Heroux-Devtek and IperionX establishes a new benchmark in the sustainability of the aerospace supply chain through the development of low carbon titanium materials for North American markets. We look forward to building upon this agreement and investigating the potential application of fully circular recycled titanium metal within Heroux-Devtek’s future operations.”
Anastasios (Taso) Arima, IperionX CEO said: “We are pleased to partner with Heroux-Devtek to develop a sustainable, circular titanium supply chain for the advanced U.S. industries. This partnership with Heroux-Devtek provides IperionX with a diversified, long term supply of titanium feedstock for the production of American titanium and will enhance the sustainability of the aerospace supply chain.”
IperionX aims to become a leading American titanium metal and critical materials company – using patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium, at lower energy, cost and carbon emissions.