Scotty Is that Green ahead ? I Captain" Upward and Onward Pascali added, “While we are approached regularly by companies seeking a technology partner, we will only commit our engineering and technical resources to those whose ideas have the most upside. Rarer still is the commercial opportunity where we are willing to take a 50% ownership stake in the initiative, as we have with the fumed silica reactor process. This LOI with a company on the scale and reputation of Evonik helps to confirm both the reasoning behind that approach and the reality of the market potential for our fumed silica process”.
As per the press release, the objective of the LOI is for HSPI to collaborate with Evonik during the pilot scale phase to validate the ability of the FSR to produce low-cost low carbon material acceptable to Evonik’s specifications. This will be a scaling up of the process from HSPI’s first generation samples, which have already proven to satisfy the Evonik specifications.
“Regarding the collaboration on testing fumed silica material, HSPI can leverage the more than 80 years of experience in manufacturing and selling fumed silica materials that Evonik has and represents an incredible opportunity for HSPI as we work diligently to optimize our fumed silica reactor ” added Tourillon.
HPQ Silica Polvere Signs Letter of Intent with Evonik Corporation : Chemical Industry Digest (chemindigest.com)