The best ideas of using palladium metal will receive a prize of USD 350,000

The world's largest producer of the metal has partnered with the International Precious Metals Institute (IPMI) to launch the Palladium Challenge with a prize pool of US $ 350,000 for the best new ideas of how to use palladium. Read more: The best ideas of using palladium metal will receive a prize of USD 350,000

The best ideas of using palladium metal will receive a prize of USD 350,000

The world’s largest producer of the metal has partnered with the International Precious Metals Institute (IPMI) to launch the Palladium Challenge with a prize pool of US $ 350,000 for the best new ideas of how to use palladium.

Anton Berlin, Nornickel Vice President, Sales and Distribution commented: “As the world’s largest palladium producer, Nornickel plays a central role in development and driving demand for this metal. Moreover, as a company, we believe that palladium has huge potential beyond autocatalysts. We see high palladium demand in other global industries, including the green economy and decarbonization. There are many other areas where palladium could fulfil a critical function, and we are very excited to announce the launch of the challenge, which seeks to bring together scientists from all over the world. We encourage scientists, inventors, and entrepreneurs worldwide to participate. We hope that this challenge will deliver outstanding research results.”

The Palladium Challenge is an initiative intended to inspire individuals, businesses and academic institutions to invent and design a sustainable use-case that features and increases the demand for palladium.

The metal is known for its catalytic capabilities and unique physical properties, and while it is widely used in the automotive industry as an essential component of catalytic conversion, the Palladium Challenge seeks to broaden its applications and spark innovation.

The Palladium Challenge will be judged by an independent panel of global experts who will review all submissions. The top three projects will receive global recognition and will be awarded monetary prizes on September 16, 2022 at the IPMI Annual Platinum Dinner in New York City.

The prizes will be as follows: USD 200,000, USD 100,000 and USD 50,000.

Currently about 80% of the palladium is used to make catalysts that clean up the emissions of gasoline engines. As a consequence, currently palladium prices reflect the situation on the global car market, which may change if metal use is extended beyond the sector.

Benchmark palladium prices grew at a record pace at the beginning of the year due to fears of a shortage in the market, and reached a record-high of almost $ 3,000 per ounce, but in the summer they rolled back as car manufacturing showed a slow recovery after the pandemic dip and currently palladium trades at around $2,200 per ounce.

Palladium is used in the electrical industry (6.4%) in components such as lead frames, connectors and printed circuit boards and finds niche application in dentistry (2.7%)- especially in Japan – and jewellery (1.2%). Palladium is approximately thirty times rarer than gold and is thus considered a very ‘precious’ metal.

The palladium market has pretty much been in deficit since 2009, and whilst the deficit is expected to narrow this year due to Coronavirus-induced demand destruction, supply reliability is still an open question. Indeed, South Africa, one of the largest producers of palladium, continues to struggle to operate its mines due to Covid-19-induced lockdowns, which come hot on the heels of devastating closures due to power shortages earlier in the year.

 

 

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The best ideas of using palladium metal will receive a prize of USD 350,000

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Ahead of COP26 ‘Green Influencers’ network reaches milestone

As the world gears up for COP26, an ambitious scheme to create a network of young people in England, enthused about the environment, has recruited 1,500 Green Influencers. Read more: Ahead of COP26 ‘Green Influencers’ network reaches milestone

Ahead of COP26 ‘Green Influencers’ network reaches milestone

As the world gears up for COP26, an ambitious scheme to create a network of young people in England, enthused about the environment, has recruited 1,500 Green Influencers.

The Green Influencers Scheme is run by The Ernest Cook Trust, a national educational charity, which granted 37 host organisations funding to support the employment of 44 Green Mentors. The Green Mentors’ role is to enable young people to lead the way as ‘Green Influencers’ on social action projects in their communities.

Across England there are now 1,500 Green Influencers and the scheme is on target to enlist 5,000 young people between the ages of 10 and 14 to improve the environment for their schools and communities.

With COP26, the UN Climate Change Conference starting on October 31, and world leaders gathering in Glasgow to discuss global climate issues, the Green Influencers Scheme is demonstrating how young people are already trying to make a difference by getting engaged with their environment and improving the communities they live in.

The pioneering Green Influencers Scheme is a project match-funded through the #iwill Fund which is funded by The National Lottery Community Fund and Department of Culture, Media & Sport which are each investing £27million seed funding to support young people to access high-quality social action opportunities.

One of the Green Mentors, Alex Pang, whose host organisation is Global Action Plan, is working with 40 primary school pupils from three schools in Lambeth. They are part of a wider Lambeth Schools Air Quality Programme, which aims to improve air quality in a school’s environment.
The children have chosen to tackle the problem of engines being left running. Alex said: “I have been amazed by the students’ maturity in learning about air pollution, as well as their creativity and enthusiasm in coming up with ambitious ideas to help raise awareness about the issue. They have all worked hard to produce a range of informative and interesting materials, such as posters, letters, and a video.”

As well as funding Green Mentors, The Ernest Cook Trust provides grants towards some of the projects designed and implemented by the Green Influencers. So far, these include a platform in Torbay to make accessing a local pond and its wildlife easier; a workbook for schools on the importance of wildlife in hedgerows, written and published by Green Influencers in Hull; and giving out seed packs to local residents in Southwark, London.
Applications for larger grants are assessed by The Ernest Cook Trust’s Youth Advisory Board, a group of eight driven and passionate 14 to 20-year-olds who recommend applications for funding to the Trust’s Board of Trustees.

Dr Victoria Edwards OBE, Chief Executive of The Ernest Cook Trust, said: “What’s significant about the Green Influencers Scheme is the reach it has, and we are thrilled to be on course to enlisting 5,000 young people. The enthusiasm of those involved is inspiring, and we have been so impressed with their ideas and their creativity. We are very grateful to the Green Mentors for the guidance they are giving.

“By establishing a Youth Advisory Board to assess applications for funding for projects, we are ensuring this really is a youth-led scheme, which will having lasting benefits to schools and communities.
“While the world talks about climate change, the young people of our country are getting out there and making a difference.”

Read more:
Ahead of COP26 ‘Green Influencers’ network reaches milestone

Source : Business Matters More   

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