there wer'e some changes made to pilot plant,this was reported back in april 4/2018,for new investors
Montral, Qubec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) announces that it reached a higher level of optimization of its titanium dioxide pigment production process allowing to further reduce its operational costs and positioning the company very favorably in comparison with other TiO2 pigment producers worldwide. The production capacity has also been revised upwards, driven by major improvements in the process which created greater efficiency, reduced capital expenses and allowed for greater flexibility. This resulted in the ability to process greater volumes with little changes in equipment sizing. The capacity of the Technology Center will be increased to 3,000 metric tonnes/year, and that of the commercial plant to 100,000 metric tonnes/year.
These announcements follow the hiring, last February, of external experts in process engineering and design as well as of the company Process Engineering International (PEI), specialized in process engineering. The firm undertook the final assessment and optimization of Argex’s flowsheet, including heat and mass balance. Improvements further simplified the process, reduced water and chemical inputs and perfected the morphology of the product.
Argex’s operating costs will be within the first quartile, based on the analysis of multiple industry cost curves.
Increased capacity for the Technology Center and the Commercial Plant
A detailed analysis of the equipment specifications and costs, following the call for tenders of the last few months, led to the review of the production strategy. The increased capacity of the Technology Center to 3,000 metric tonnes will provide for the production of commercial pigment samples on a larger scale in order to respond to the various product specifications required by clients and off takers. The construction of the Technology Center will begin once the financing is confirmed and Management expects that the Technology Center could be in operation in 2019.
This analysis also led to the decision of increasing the planned capacity of the commercial plant to 100,000 metric tonnes per year. As well, Argex Management decided to move from constructing the plant in two to three stages to one stage only, with a scale up factor of approximately 30 times between the Technology Center and the Commercial Plant, a very reasonable scale up factor by industry standards. Consequently, the 100,000 metric tonnes capacity should be reached shortly after the end of the construction of the plant, conservatively estimated to be by the end of 2022.
«The latest validations allowed us to bring our production strategy to a superior level and to have a solid bankable project, declared Mazen Alnaimi, Chairman and Chief Executive Officer of Argex. The reduction of our operation costs and the increased capacity for our Technology Center will eliminate the need to finance negative cashflows since the Center will generate revenue early on, ahead of the construction of our future commercial plant. Our construction schedule will be slightly delayed due to these additional works but improvements will generate very solid economics thus creating value to our shareholders as well as a very positive longer term impact
Montral, Qubec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) announces that it reached a higher level of optimization of its titanium dioxide pigment production process allowing to further reduce its operational costs and positioning the company very favorably in comparison with other TiO2 pigment producers worldwide. The production capacity has also been revised upwards, driven by major improvements in the process which created greater efficiency, reduced capital expenses and allowed for greater flexibility. This resulted in the ability to process greater volumes with little changes in equipment sizing. The capacity of the Technology Center will be increased to 3,000 metric tonnes/year, and that of the commercial plant to 100,000 metric tonnes/year.
These announcements follow the hiring, last February, of external experts in process engineering and design as well as of the company Process Engineering International (PEI), specialized in process engineering. The firm undertook the final assessment and optimization of Argex’s flowsheet, including heat and mass balance. Improvements further simplified the process, reduced water and chemical inputs and perfected the morphology of the product.
Argex’s operating costs will be within the first quartile, based on the analysis of multiple industry cost curves.
Increased capacity for the Technology Center and the Commercial Plant
A detailed analysis of the equipment specifications and costs, following the call for tenders of the last few months, led to the review of the production strategy. The increased capacity of the Technology Center to 3,000 metric tonnes will provide for the production of commercial pigment samples on a larger scale in order to respond to the various product specifications required by clients and off takers. The construction of the Technology Center will begin once the financing is confirmed and Management expects that the Technology Center could be in operation in 2019.
This analysis also led to the decision of increasing the planned capacity of the commercial plant to 100,000 metric tonnes per year. As well, Argex Management decided to move from constructing the plant in two to three stages to one stage only, with a scale up factor of approximately 30 times between the Technology Center and the Commercial Plant, a very reasonable scale up factor by industry standards. Consequently, the 100,000 metric tonnes capacity should be reached shortly after the end of the construction of the plant, conservatively estimated to be by the end of 2022.
«The latest validations allowed us to bring our production strategy to a superior level and to have a solid bankable project, declared Mazen Alnaimi, Chairman and Chief Executive Officer of Argex. The reduction of our operation costs and the increased capacity for our Technology Center will eliminate the need to finance negative cashflows since the Center will generate revenue early on, ahead of the construction of our future commercial plant. Our construction schedule will be slightly delayed due to these additional works but improvements will generate very solid economics thus creating value to our shareholders as well as a very positive longer term impact. »
Read more at https://stockhouse.com/news/press-releases/2018/04/04/argex-titanium-announces-reduced-opex-and-increased-future-production-capacity#hqgI5GIUZHoewfqz.99Montral, Qubec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) announces that it reached a higher level of optimization of its titanium dioxide pigment production process allowing to further reduce its operational costs and positioning the company very favorably in comparison with other TiO2 pigment producers worldwide. The production capacity has also been revised upwards, driven by major improvements in the process which created greater efficiency, reduced capital expenses and allowed for greater flexibility. This resulted in the ability to process greater volumes with little changes in equipment sizing. The capacity of the Technology Center will be increased to 3,000 metric tonnes/year, and that of the commercial plant to 100,000 metric tonnes/year.
These announcements follow the hiring, last February, of external experts in process engineering and design as well as of the company Process Engineering International (PEI), specialized in process engineering. The firm undertook the final assessment and optimization of Argex’s flowsheet, including heat and mass balance. Improvements further simplified the process, reduced water and chemical inputs and perfected the morphology of the product.
Argex’s operating costs will be within the first quartile, based on the analysis of multiple industry cost curves.
Increased capacity for the Technology Center and the Commercial Plant
A detailed analysis of the equipment specifications and costs, following the call for tenders of the last few months, led to the review of the production strategy. The increased capacity of the Technology Center to 3,000 metric tonnes will provide for the production of commercial pigment samples on a larger scale in order to respond to the various product specifications required by clients and off takers. The construction of the Technology Center will begin once the financing is confirmed and Management expects that the Technology Center could be in operation in 2019.
This analysis also led to the decision of increasing the planned capacity of the commercial plant to 100,000 metric tonnes per year. As well, Argex Management decided to move from constructing the plant in two to three stages to one stage only, with a scale up factor of approximately 30 times between the Technology Center and the Commercial Plant, a very reasonable scale up factor by industry standards. Consequently, the 100,000 metric tonnes capacity should be reached shortly after the end of the construction of the plant, conservatively estimated to be by the end of 2022.
«The latest validations allowed us to bring our production strategy to a superior level and to have a solid bankable project, declared Mazen Alnaimi, Chairman and Chief Executive Officer of Argex. The reduction of our operation costs and the increased capacity for our Technology Center will eliminate the need to finance negative cashflows since the Center will generate revenue early on, ahead of the construction of our future commercial plant. Our construction schedule will be slightly delayed due to these additional works but improvements will generate very solid economics thus creating value to our shareholders as well as a very positive longer term impact. »
Read more at https://stockhouse.com/news/press-releases/2018/04/04/argex-titanium-announces-reduced-opex-and-increased-future-production-capacity#hqgI5GIUZHoewfqz.99Montral, Qubec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) announces that it reached a higher level of optimization of its titanium dioxide pigment production process allowing to further reduce its operational costs and positioning the company very favorably in comparison with other TiO2 pigment producers worldwide. The production capacity has also been revised upwards, driven by major improvements in the process which created greater efficiency, reduced capital expenses and allowed for greater flexibility. This resulted in the ability to process greater volumes with little changes in equipment sizing. The capacity of the Technology Center will be increased to 3,000 metric tonnes/year, and that of the commercial plant to 100,000 metric tonnes/year.
These announcements follow the hiring, last February, of external experts in process engineering and design as well as of the company Process Engineering International (PEI), specialized in process engineering. The firm undertook the final assessment and optimization of Argex’s flowsheet, including heat and mass balance. Improvements further simplified the process, reduced water and chemical inputs and perfected the morphology of the product.
Argex’s operating costs will be within the first quartile, based on the analysis of multiple industry cost curves.
Increased capacity for the Technology Center and the Commercial Plant
A detailed analysis of the equipment specifications and costs, following the call for tenders of the last few months, led to the review of the production strategy. The increased capacity of the Technology Center to 3,000 metric tonnes will provide for the production of commercial pigment samples on a larger scale in order to respond to the various product specifications required by clients and off takers. The construction of the Technology Center will begin once the financing is confirmed and Management expects that the Technology Center could be in operation in 2019.
This analysis also led to the decision of increasing the planned capacity of the commercial plant to 100,000 metric tonnes per year. As well, Argex Management decided to move from constructing the plant in two to three stages to one stage only, with a scale up factor of approximately 30 times between the Technology Center and the Commercial Plant, a very reasonable scale up factor by industry standards. Consequently, the 100,000 metric tonnes capacity should be reached shortly after the end of the construction of the plant, conservatively estimated to be by the end of 2022.
«The latest validations allowed us to bring our production strategy to a superior level and to have a solid bankable project, declared Mazen Alnaimi, Chairman and Chief Executive Officer of Argex. The reduction of our operation costs and the increased capacity for our Technology Center will eliminate the need to finance negative cashflows since the Center will generate revenue early on, ahead of the construction of our future commercial plant. Our construction schedule will be slightly delayed due to these additional works but improvements will generate very solid economics thus creating value to our shareholders as well as a very positive longer term impact. »
Read more at https://stockhouse.com/news/press-releases/2018/04/04/argex-titanium-announces-reduced-opex-and-increased-future-production-capacity#14YbIv35xPKlk6bl.99Montral, Qubec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) announces that it reached a higher level of optimization of its titanium dioxide pigment production process allowing to further reduce its operational costs and positioning the company very favorably in comparison with other TiO2 pigment producers worldwide. The production capacity has also been revised upwards, driven by major improvements in the process which created greater efficiency, reduced capital expenses and allowed for greater flexibility. This resulted in the ability to process greater volumes with little changes in equipment sizing. The capacity of the Technology Center will be increased to 3,000 metric tonnes/year, and that of the commercial plant to 100,000 metric tonnes/year.
These announcements follow the hiring, last February, of external experts in process engineering and design as well as of the company Process Engineering International (PEI), specialized in process engineering. The firm undertook the final assessment and optimization of Argex’s flowsheet, including heat and mass balance. Improvements further simplified the process, reduced water and chemical inputs and perfected the morphology of the product.
Argex’s operating costs will be within the first quartile, based on the analysis of multiple industry cost curves.
Increased capacity for the Technology Center and the Commercial Plant
A detailed analysis of the equipment specifications and costs, following the call for tenders of the last few months, led to the review of the production strategy. The increased capacity of the Technology Center to 3,000 metric tonnes will provide for the production of commercial pigment samples on a larger scale in order to respond to the various product specifications required by clients and off takers. The construction of the Technology Center will begin once the financing is confirmed and Management expects that the Technology Center could be in operation in 2019.
This analysis also led to the decision of increasing the planned capacity of the commercial plant to 100,000 metric tonnes per year. As well, Argex Management decided to move from constructing the plant in two to three stages to one stage only, with a scale up factor of approximately 30 times between the Technology Center and the Commercial Plant, a very reasonable scale up factor by industry standards. Consequently, the 100,000 metric tonnes capacity should be reached shortly after the end of the construction of the plant, conservatively estimated to be by the end of 2022.
«The latest validations allowed us to bring our production strategy to a superior level and to have a solid bankable project, declared Mazen Alnaimi, Chairman and Chief Executive Officer of Argex. The reduction of our operation costs and the increased capacity for our Technology Center will eliminate the need to finance negative cashflows since the Center will generate revenue early on, ahead of the construction of our future commercial plant. Our construction schedule will be slightly delayed due to these additional works but improvements will generate very solid economics thus creating value to our shareholders as well as a very positive longer term impact. »
Read more at https://stockhouse.com/news/press-releases/2018/04/04/argex-titanium-announces-reduced-opex-and-increased-future-production-capacity#14YbIv35xPKlk6bl.99Montral, Qubec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) announces that it reached a higher level of optimization of its titanium dioxide pigment production process allowing to further reduce its operational costs and positioning the company very favorably in comparison with other TiO2 pigment producers worldwide. The production capacity has also been revised upwards, driven by major improvements in the process which created greater efficiency, reduced capital expenses and allowed for greater flexibility. This resulted in the ability to process greater volumes with little changes in equipment sizing. The capacity of the Technology Center will be increased to 3,000 metric tonnes/year, and that of the commercial plant to 100,000 metric tonnes/year.
These announcements follow the hiring, last February, of external experts in process engineering and design as well as of the company Process Engineering International (PEI), specialized in process engineering. The firm undertook the final assessment and optimization of Argex’s flowsheet, including heat and mass balance. Improvements further simplified the process, reduced water and chemical inputs and perfected the morphology of the product.
Argex’s operating costs will be within the first quartile, based on the analysis of multiple industry cost curves.
Increased capacity for the Technology Center and the Commercial Plant
A detailed analysis of the equipment specifications and costs, following the call for tenders of the last few months, led to the review of the production strategy. The increased capacity of the Technology Center to 3,000 metric tonnes will provide for the production of commercial pigment samples on a larger scale in order to respond to the various product specifications required by clients and off takers. The construction of the Technology Center will begin once the financing is confirmed and Management expects that the Technology Center could be in operation in 2019.
This analysis also led to the decision of increasing the planned capacity of the commercial plant to 100,000 metric tonnes per year. As well, Argex Management decided to move from constructing the plant in two to three stages to one stage only, with a scale up factor of approximately 30 times between the Technology Center and the Commercial Plant, a very reasonable scale up factor by industry standards. Consequently, the 100,000 metric tonnes capacity should be reached shortly after the end of the construction of the plant, conservatively estimated to be by the end of 2022.
«The latest validations allowed us to bring our production strategy to a superior level and to have a solid bankable project, declared Mazen Alnaimi, Chairman and Chief Executive Officer of Argex. The reduction of our operation costs and the increased capacity for our Technology Center will eliminate the need to finance negative cashflows since the Center will generate revenue early on, ahead of the construction of our future commercial plant. Our construction schedule will be slightly delayed due to these additional works but improvements will generate very solid economics thus creating value to our shareholders as well as a very positive longer term impact. »