Renaissance Recycling awarded funding

Jamestown (CSi) The North Dakota Development Fund, a loan program with the North Dakota Department of Commerce, awarded $250,99 in funding to Jamestown based Premier Refinery, LLC (Renaissance Recycling.)

The funds will help to fund equipment and working capital needed to scale up a novel chemical extraction process from bench level to production level.

Renaissance Recycling, owner, Ralph Friebel, in Jamestown, is the listed agent for Premier Refinery.

The commerce department says the company has developed a chemical extraction process to efficiently recover platinum, palladium and rhodium from spent catalytic converters.