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Motivating industry investment for technology development.
Founded
2017
Deals · 12mo
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- Phinix
Led · Equity · Nov 2023
Phinix, LLC advocates, develops, and commercializes patented processes for upgrading aluminum scrap, centering on its patent-pending REEMA™ process to remove iron and manganese from molten scrap melts. The company collaborates with U.S. secondary aluminum producers to enable use of low-carbon domestic scrap as a substitute for higher-cost, higher-carbon imported primary aluminum. Phinix plans to commercialize systems of processes that selectively remove elements to enable complete utilization of aluminum scrap melts. The firm recently secured program funding tied to a two-year research project that aims to validate commercial removal of iron and manganese. Phinix is led by founder and CEO Dr. Subodh Das, an industry veteran with 20 U.S. patents and over 40 published papers. The company is based in St. Louis, Missouri.