What are you trying to do?
We’re in the business of providing sustainable materials to industrial supply chains. And we do this through the craziest way: taking apart old aircraft, with a key focus of getting it into EVs.
We started to look at where does high-value aluminum exist? There’s currently some 8,000-plus retired aircraft all over the world. How do you have the world’s most highly engineered materials left in deserts like in Victorville, California.
What have you managed to do so far?
We completed our proof of concept on three Boeing $BA 767s. Over 90% of those materials can be reused or reprocessed. This year, we’re scaling to 40 aircraft. This needs to be able to hit volumes that can actually get sufficient offtake agreements. But the demand and the support is there and it’s been full-on chasing planes and ripping them apart.
When you break up the planes, what are you able to extract?
There’s aluminum, copper. Why is it so impactful from the EV perspective? A lot of the 7-series alloys are already an aluminum-lithium mix. So you don’t have to extrude it, get the aluminum out, and then combine it again later with the lithium. The automotive sector has a keen interest in keeping that alloy, that same formula all the way through.
The conversation between Bloomberg and Cady also covered if repurposed parts are already on cars, how long it takes to dismantle an aircraft, the importance of battery casings and a whole bunch more.