Home / Knowledge / News / Textiles / Argex engages Genivar for feasibility study of TiO2 plant
Argex engages Genivar for feasibility study of TiO2 plant
12
Oct '12
Argex Titanium Inc. is pleased to announce that it has engaged Genivar Inc., a Canadian engineering services firm and one of the world’s leading professional services organizations, to conduct a feasibility study to establish the economic viability of a titanium dioxide (TiO2) first-module production facility and to provide a development plan and capital estimate. 

Citing the potential game-changing nature of the novel CTL process, both Genivar and Argex have agreed to mutual terms of exclusivity for engineering services related to the development and construction of TiO2 processing plant projects using this patented process.

Argex has also appointed Aecom, a global provider of professional and industrial services, to conduct an environmental study for Argex and to accompany it in obtaining the required environmental permits.

The studies follow positive results from a TiO2 grade sensitivity study conducted earlier this year, which indicated improved project economics using commercially available sulfate grade ilmenite feedstock, and a recent milestone breakthrough regarding significant improvements in the Argex CTL hydrometallurgical process.

“The hiring of GENIVAR to complete the feasibility study for the future Argex TiO2 industrial facility is an important step towards launching commercial production of our TiO2 product. The preliminary work already completed by Argex’s COO, Enrico Di Cesare will expedite the completion of the study,” said Roy Bonnell, President and Chief Executive Officer of Argex. “Upon completion of the study, we will be in a position to evaluate major partnership opportunities, and engage in detailed construction engineering work and start hiring suppliers.”

“It is our intention to commence the operation of the first module using commercially available feedstock as our sensitivity analysis news-released in June demonstrated strongly improved economics of the project and faster time to market. Our wholly-owned properties remain a low-risk option for future expansion, an alternative to commercial feedstock price increase or non-availability due to feedstock market conditions.”

Argex currently operates a pilot plant in Mississauga, Ontario, where its CTL process runs continuously. Additionally, Argex reports that it has issued a total of 750,000 stock options today, October 11, 2012.

Employees were granted 350,000 stock options while the 400,000 balance was granted to consultants.

These incentive stock options are exercisable at $1.10 with an expiry date of October 11, 2017 and have an 18-month vesting period.

GENIVAR, through its combination with WSP, is one of the world's leading professional services firms, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines.

Argex Titanium Inc. is a near-term producer of Titanium Dioxide. With a primarygoal of advancing rapidly towards production, Argex has adopted a simple and low-risk strategy for the scale-up of its proprietary process that allows it to produce high-purity TiO2 directly from run-of-mine material.

Argex Titanium Inc


Must ReadView All

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Courtesy: Skineez Skincarewear

Apparel/Garments | On 24th Apr 2018

Skineez, Walmart partner for smart wearables

Skineez Skincarewear, a leading cosmotextile skincarewear company,...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search