Start-up Company Turns Water to Gold!
Recently we reported how some exciting news pertaining to science's effects on the precious metals market. Researchers were able to turn bacteria into 99% pure gold. Now, we have something even more exciting to share with you...
There's a new company using a hint of alchemy to spice up business: they're turning water into gold.
A small French start-up company reportedly was able to successfully turn water into gold bullion using a technology that extracts all tiny traces of valuable metals from industrial waste waster.
The technology stems from a procedure championed back in 2007 at the prestigious Ecole Polytechnique, esteemed for excellence in education and research.
From Marc Preel at Phy.Org:
The process is based on the use of tiny pellets of plastic resin through which waste water is pumped. Gold, platinum, palladium and rhodium, the world's most precious metals, little by little stick to the pellets and are thus separated from the waste water.
A single litre of this patented resin can treat five to 10 cubic metres of waste water and recover 50 to 100 grammes of precious metal, equivalent to "3,000 to 5,000 euros ($3,900 to $6,500)," Almoric said.
Dutchman Steve van Zutphen – co-founder of the company, Magpie Polymers – said, "We leave only a microgramme per litre... It's the equivalent of a sugar lump in an Olympic swimming pool."
That might not sound like much, but when you're talking about the world's most coveted and expensive metal, it can add up quickly and becomes another lurcative way to get your hands on the precious yellow metal in lieu of worldwide supply crunches.
For such a small company working out of a shack-of-a-factory, this recent success is sure to change their future as investors catch on to their accomplishments and innovative technology.
The targeted markets are the “refiners,” according to reporter Marc Preel. These refiners “specialists in the recovery of precious metals, such as British firm Johnson Matthey, the Anglo-French company Cookson-Clal and Boliden of Sweden.”
Additionally, traditional mining groups or large water treatment companies – like French Veolia and Suez Environment – may benefit from this technology.
This is great news for mining companies that have been negatively affected by mining strikes or other hindrances amidst the widespread economic crisis and surging gold-demand.
At this time, Magpie is remaining elusive when it comes to the names of its chief clients but it is currently present in Franc, England, Switzerland, and Belgium... soon they will acquire clients in the economically damaged countries of Germany and Spain as well.+6
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