Mastermelt Ltd and Hensel Recycling GmbH Announce Strategic Collaboration to Enhance Fuel Cell and Electrolyser Recycling in Europe

Aschaffenburg, September 6^th 2024 – Mastermelt Ltd, a leader in the refining of complex PGM materials and Hensel Recycling GmbH, an expert in the recycling of end-of-life PGM materials and are pleased to announce a strategic collaboration aimed at advancing the recycling and processing of PGM-based fuel cell and electrolyser materials in Europe.

Hensel Recycling’s extensive expertise in collection, dismantling and mechanical processing of end-of-life fuel cells, combined with Mastermelt’s proficiency in processing and refining of the MEAs and manufacturing scrap, will provide a robust framework for this partnership. The collaboration focuses on

leveraging both companies’ strengths to improve the availability and efficiency of recycling all metals and other critical raw materials from the manufacturing chain and end-of-life units.

Both companies are leaders in their respective fields, each an associate member of the LPPM, with global locations and strong customer relationships. Initially the collaboration will focus in Europe on the fast-growing hydrogen sector.

“This collaboration with Hensel Recycling is a significant step forward in our mission to enhance the sustainability and efficiency of precious metal recycling,” says Dr Jamie Conway-Baker, CCO of Mastermelt Ltd. “By integrating our core capabilities, we aim to deliver a wider range of services to our customers and to support the circular economy. We are thrilled to formalize this partnership with a long-term well-respected partner in Hensel Recycling”

“We have a long-term relationship with Mastermelt and it’s a natural progression to put our strength finally together,” says Oliver Krestin, Managing Director of Hensel Recycling GmbH. “Both companies will bring sustainable recycling and refining solutions for critical raw materials to the hydrogen world”

About Mastermelt Ltd
Mastermelt Ltd, established in 1985, is a leading specialist in the recycling of precious metals from industrial waste streams. With seven global locations, the company provides innovative solutions for recovering precious metals from a various industries, including pharmaceutical, fine chemical, hydrogen, medical, aerospace and jewellery. Mastermelt’s advanced technologies and expertise ensure efficient and environmentally responsible extraction processes, maximizing the value recovered from waste for their customers. More information can be found at www.mastermeltgroup.com

About Hensel Recycling
The Hensel Recycling Group, headquartered in Aschaffenburg, Germany, has been one of the leading international companies in precious metal recycling since 1998. With more than 230 employees in nine countries, the group offers its customers a complete range of services for the recycling of materials containing precious metals, such as automotive and industrial catalytic converters, oxygen sensors, e-scrap, and critical raw materials from the hydrogen economy. Further information can be found at: www.hensel-recycling.com

Q1: What are the main objectives of the collaboration between Hensel Recycling GmbH and Mastermelt Ltd?

A: The primary goal of this collaboration is to enhance the recycling and processing of PGM-based (Platinum Group Metals) fuel cell and electrolyser materials in Europe. By combining Hensel Recycling’s expertise in the collection, dismantling, and mechanical processing of end-of-life fuel cells with Mastermelt’s proficiency in refining MEAs (Membrane Electrode Assemblies) and manufacturing scrap, the partnership aims to create a comprehensive and efficient recycling framework for critical raw materials in the hydrogen sector.

Q2: How will this collaboration benefit the hydrogen sector and the broader industry?

A: The collaboration will significantly improve the recycling efficiency and availability of critical raw materials, such as platinum, iridium, and other PGMs, which are essential for the hydrogen sector. By enhancing the sustainability and efficiency of the recycling process, the partnership supports the circular economy and helps reduce the environmental footprint associated with the production and disposal of fuel cells and electrolysers.

Q3: What makes this partnership unique compared to other collaborations in the market?

A: This partnership is unique because it brings together two industry leaders with complementary expertise and a long-standing relationship. Hensel Recycling and Mastermelt are both associate members of the London Platinum and Palladium Market (LPPM) and have a strong global presence. Their combined strengths enable them to offer a broader range of services and innovative solutions tailored specifically to the recycling needs of the hydrogen and electrochemical sectors, making the collaboration highly strategic and impactful.

Q4: What environmental benefits can be expected from this partnership?

A: By improving the recycling processes for PGM-based materials, the partnership will help reduce the need for mining new precious metals, thus conserving natural resources and lowering the environmental impact of raw material extraction. Additionally, the collaboration aims to enhance the overall efficiency of recycling operations, which contributes to reducing waste and emissions associated with end-of-life fuel cells and electrolysers, supporting a more sustainable hydrogen economy. 

Q5: How can customers and industry partners benefit from this collaboration?

A: Customers and industry partners can expect access to a more comprehensive range of recycling services and improved efficiency in the recovery of critical raw materials. This collaboration allows both companies to provide tailored solutions that meet the specific needs of their clients, whether they are in the hydrogen, automotive, or other industrial sectors. Partners will benefit from the enhanced service capabilities, faster processing times, and the assurance of working with trusted leaders in the precious metal recycling industry.

Q6: Is this collaboration on a global basis?

A: Initially the collaboration will focus on customers in Europe and selective opportunities in Asia.  Regions outside of this are not included.

Q7: Are Hensel Recycling and Mastermelt able to receive end of life fuel cell stacks and manufacturing and development waste for recycling now?

A: Yes, both companies have established processes for dismantling and MEA processing of Fuel Cell and Electrolyser.