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HPQ Silicon Sees Path To Commercialization & Disruption After 4th NDA
If you knew that silicon is the second most abundant element in the earth's crust (behind only oxygen) and the eighth-most common element in the universe, you’d have very little reason to be concerned about it, let alone fear it.
But that would change quickly if you knew that Silicon Metal manufacturing is the largest emitter of CO2 on the planet (on a per ton basis). That concern would only continue to grow if you knew that Silicon Metal is used to create Fumed Silica, which is used in our everyday lives through products such as cosmetics, toothpaste and powdered foods.
HPQ SILICON DISRUPTIVE TECH IS SHAKING UP THE WORLD OF FUMED SILICA
HPQ Silicon is on the verge of disrupting the manufacturing process of Fumed Silica and becoming the sole provider capable of satisfying the strong demand for low carbon Fumed Silica products.
How disruptive is the HPQ Silicon Process?
INDUSTRIAL GIANTS HAVE TAKEN NOTICE AND SIGNED NDAs
In a groundbreaking move, HPQ has taken a significant step towards potential commercialization. The company announced the signing of an NDA with an undisclosed Industrial Group. This development follows the company's earlier press release revealing substantial progress in its Fumed Silica initiative.
The NDA serves a dual purpose for HPQ and the Industrial Group. Firstly, it facilitates mutual due diligence, enabling both parties to delve into the potential synergies. Secondly, it opens the door to evaluate the commercial and economic feasibility of a collaborative effort to construct and operate a groundbreaking 1,000 tonnes per year (TPY) Fumed Silica Reactor.
CEO’S OPTIMISTIC OUTLOOK:
Mr. Bernard Tourillon, President and CEO of HPQ Silicon expressed his optimism, stating,
"The NDA stands as tangible proof of the commercial interest in the potential of our proprietary Fumed Silica Reactor technology. While no guarantees exist at this stage, the ongoing talks are immensely encouraging."
COMMERCIAL IMPERATIVE AND MARKET DEMAND:
The imperative to construct a 1,000 TPY Fumed Silica Reactor is driven by the anticipated demand for low-carbon fumed silica materials. HPQ's commercialization strategy focuses on scaling up capacity to meet this demand, with the potential addition of additional 1,000 TPY Fumed Silica Reactors.
SIZE OF THE MARKET
Let's talk numbers: In 2022, Fumed Silica sales reached $1.3 billion, comprising a significant 16% of the $7.8 billion Specialty Silica Market. And there's no stopping its growth; it's projected to soar to $13.4 billion by 2030.
PATH TO MONETIZATION
According to Mr. Tourillon,
"We are keenly interested in the possibility of implementing a pathway to commercialization and monetization of our Fumed Silica Reactor process that could be less dilutive for HPQ shareholders. This potential partnership could help us reach that goal faster."
As HPQ Silicon Inc. forges ahead in talks with this Industrial Group, the company's Fumed Silica Reactor technology stands as a disruptive innovation. The potential for a groundbreaking venture not only promises substantial commercial opportunities but also underscores HPQ's commitment to environmentally sustainable solutions.
Sit back, relax and watch this powerful interview with Bernard Tourillon, President and CEO of HPQ Silica Polvere Inc. and HPQ Silicon Inc.
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