The digital junkyard: 'Urban mining' | Arkansas Blog

Tuesday, June 10, 2014

The digital junkyard: 'Urban mining'

Posted By on Tue, Jun 10, 2014 at 9:36 AM

click to enlarge blueoak.png
We'd mentioned earlier that the state would participate (including $14 million in teacher retirement venture capital) in the announcement today of a new venture in Osceola, BlueOak Resources, that will recycle materials from junked electronics such as computers.

I didn't know until today this $35 million venture would be the first U.S. "urban mining refinery." The plant will retrieve gold, silver, copper and palladium from e-waste. A Sol Allman for the 21st century, you might say.

Executive chairman of this company is John Correnti, a steelmaker who started the Nucor steel mill in Mississippi County and recently won tens of millions in state backing to start a competitor steel mill there. The AEDC release notes the parallels:

BlueOak’s refining business model is inspired by the quintessential case study of the mini-mill disruption of the steel industry, which ushered in a new era of steel production. The distributed nature of mini-mills allowed lowest cost production of steel from recycled steel scrap. BlueOak intends to capitalize on the high demand for “technology metals” like gold, silver, copper and palladium by creating distributed urban refineries in the U.S. and throughout the world that recover high-value metals from e-waste. Production at the Arkansas facility will begin by the end of 2015, initially processing 15 million lbs. of electronic scrap per year, with plans for rapid expansion, bringing 50 high-paying technical jobs to the area.

The project is relying on New Markets Tax Credit financing.

The state touted the environmental benefits, a reason that former Vice President Al Gore will join the announcement today. (He's also an investor.)

Dumping e-waste in landfills and worse, exporting it to countries where e-waste is handpicked over open fires, represents not only an environmental disaster, but also the loss of millions of tons of valuable resources. Circuit boards, cell phones and other electronics are made with sizable amounts of gold, silver, copper and palladium – high-value metals that are currently lost to landfills. And, while Europe has established a thriving supply chain around this challenge, BlueOak is the U.S.’s only urban refinery dedicated to recovering precious metals from e-waste.

Tags: , , , , ,

From the ArkTimes store

Favorite

Comments (6)

Showing 1-6 of 6

Add a comment

 
Subscribe to this thread:
Showing 1-6 of 6

Add a comment

More by Max Brantley

  • Sunday and another open line

    Got anything for the open line?
    • Jul 23, 2017
  • But what about the Clintons? Last refuge of Trump, New York Times

    Trying to compare Donald Trump's reaction to the Russia investigation with Bill Clinton's dealings with Kenneth Starr should be a non-starter if the facts mattered. But these days — and to the New York Times — it ain't necessarily so.
    • Jul 23, 2017
  • Football is king, Bentonville edition

    Good analysis in the Northwest Arkansas Democrat-Gazette of an unannounced Bentonville School Board vote last week to put $2 million into a football stadium for West High School despite board assurances in last May's tax election that no money would go to a football stadium.
    • Jul 23, 2017
  • More »

Readers also liked…

  • Federal judge wants John Goodson to explain class action maneuvering

    A show-cause order filed Monday by federal Judge P.K. Holmes of Fort Smith indicates class action attorney John Goodson has some explaining to do about the move of a class action complaint against an insurance company from federal to state court with an instant pre-packaged settlement that has been criticized as a windfall for Goodson.
    • Dec 22, 2015
  • Arkansas Times Recommends: A Literary Edition

    Arkansas Times Recommends is a series in which Times staff members (or whoever happens to be around at the time) highlight things we've been enjoying this week.
    • Jul 1, 2016
  • Al Gore remembers Dale Bumpers

    Former Vice President Al Gore, a former U.S. Senate colleague of Dale Bumpers, sent a statement on Bumpers' death Friday:
    • Jan 3, 2016

Most Shared

  • So much for a school settlement in Pulaski County

    The Arkansas Democrat-Gazette's Cynthia Howell got the scoop on what appears to be coming upheaval in the Pulaski County School District along with the likely end of any chance of a speedy resolution of school desegregation issues in Pulaski County.
  • Riverfest calls it quits

    The board of directors of Riverfest, Arkansas's largest and longest running music festival, announced today that the festival will no longer be held. Riverfest celebrated its 40th anniversary in June. A press release blamed competition from other festivals and the rising cost of performers fees for the decision.
  • Football for UA Little Rock

    Andrew Rogerson, the new chancellor at UA Little Rock, has decided to study the cost of starting a major college football team on campus (plus a marching band). Technically, it would be a revival of football, dropped more than 60 years ago when the school was a junior college.
  • Turn to baseball

    When the world threatens to get you down, there is always baseball — an absorbing refuge, an alternate reality entirely unto itself.

Most Viewed

  • Sunday and another open line

    Got anything for the open line?
  • Football is king, Bentonville edition

    Good analysis in the Northwest Arkansas Democrat-Gazette of an unannounced Bentonville School Board vote last week to put $2 million into a football stadium for West High School despite board assurances in last May's tax election that no money would go to a football stadium.

Most Recent Comments

  • Re: Sunday and another open line

    • "a physical attack on Charles Murray" Well, it was probably perpetrated by those at the…

    • on July 23, 2017
  • Re: Sunday and another open line

    • "Scaramucci has made a fortune" As did Capone, but since the making of oodles of…

    • on July 23, 2017
  • Re: Sunday and another open line

    • I too saw "Dunkirk" today. As a movie, it was pretty good. As a movie…

    • on July 23, 2017

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation