We are using a highly competitive, environment-friendly, low-energy consumption process to transform TiO2 into added-value white pigment for industrial use.
UNDERSTANDING TITANIUM DIOXIDE
The production of TiO2 pigment
has been around for many years. Many of today’s white pigment production
processes use older technologies that require a substantial amount of energy
and/or produce a waste material requiring disposal.
Production of TiO2 pigment is a USD $16 billion per year industry. Annual consumption represents more than 6 million tonnes of TiO2 pigment, with the largest consumer segment being the paint and coating industry.
According to the Global and China Titanium Dioxide Industry Report 2016-2020, the global market for TiO2 pigment is expected to grow by 4.5% annually for the next five years, outpacing global GDP.
Argex’s new management team has extensive experience developing and building industrial plants, and has made a substantial investment in Argex.
Argex’s proprietary extraction process uses less energy/heat and, in addition to TiO2 pigment, produces a readily useable, sellable by-product and inert waste that can be used as landfill. Consequently, Argex will be a low-cost producer with one of the more environmentally sustainable processes in the industry.
Technology Centre/Small Scale Production Facility
Our Technology Center to be commissioned in 2018, will be able to produce up to 12 tonnes of white pigment per year. The small-scale production facility will provide additional value through products that meet specific client requirements, operator training, and quality assurance testing of different ores or TiO2 inputs.
Large Scale Production Facility
Argex management is in advanced planning for the construction of the first large scale production plant in Canada.
The planned 90,000 tonne-per-year facility will be commissioned in three 30,000-tonne stages, with the first facility expected to be online by the end of 2019.
Argex’s refining process will produce a high-quality, higher-value TiO2 pigment required in the paint and coating industry.
Chief Executive Officer & Chairman of the Board
Mr. Alnaimi has vast experience spanning almost 30 years in the commercialization of greenfield oil and gas, petrochemicals and steelmaking projects. He earned a B.S. in Civil Engineering from the University of Nebraska (1977) and an M.B.A. from the University of Houston (1981). In 1989, Mr. Alnaimi started the first private-sector petrochemical facility in the Arabian Gulf, Chemanol, which he took public in 2008. In 2000, Mr. Alnaimi started the first medium-section structural steel company in the Gulf region, United Gulf Steel.
Chief Operations Officer
Mr. Moore obtained a Bachelor of Chemical Engineering and did graduate work in industrial engineering in addition to earning an MBA through the University of Chicago’s Executive Program. Mr. Moore has four decades of experience in petroleum, chemical and business development activities namely with ABB and UOP Inc. His expertise covers technology, construction, marketing, operations, and financing of large projects globally.
Interim Chief Financial Officer
Rudy Laurent has 10 years of experience as Director of Finance and Controller of two public companies with mining production, handling multi-site, multi-currency operations. Previously, he was the director of accounting services for a family business with 25 private companies led by a successful, well-known Quebec businessman. Mr. Laurent has been a member of the Québec Order of Chartered Professional Accountants since 1996 and has extensive experience in financial reporting under International Financial Reporting Standards.
- Exchange & Symbol: TSX-V: RGX:CA
- Issued & Outstanding: 206,068,178
- Fully Diluted: 246,948,959
- Auditor: Morgan LLP