#USA #Parsippany #OLI Systems #Critical Materials #Thermodynamic Modeling

OLI Systems Secures a $400,000 Contract Extension

OLI Systems, renowned for its expertise in water chemistry simulation, has successfully secured a substantial contract extension worth $400,000 from the U.S. Department of Energy (DOE). This funding is part of a broader initiative through the DOE's Critical Materials Innovation Hub (CMI) which is operated by Ames National Laboratory. The recent renewal marks a significant achievement for OLI, increasing its total research funding for Phase III to $750,000.

Strengthening National Resource Strategies

The primary aim of this extension is to further develop thermodynamic modeling concerning critical materials, particularly focusing on enhancing access to rare earth elements. OLI is set to continue its role as the lead commercial partner in this pivotal research initiative. The funding will enable OLI to provide sophisticated modeling tools that will not only support material recovery and recycling but will also streamline process development throughout the CMI research network.

Dr. Andre Anderko, Chief Science Officer at OLI, expressed the importance of their collaboration with CMI, stating that predictive chemistry plays a crucial role in reinforcing national resource strategies. By converting experimental data into accurate models, OLI aids technical teams in enhancing efficiency and mitigating risks associated with process design.

Collaboration with Leading Academic Institutions

To expand its capabilities, OLI will collaborate with prestigious academic institutions such as Rutgers University and Arizona State University. This partnership aims to enhance thermodynamic data and simulation capabilities specifically for rare earth and lithium separation processes. These new models will transform solubility and reaction data into free energy expressions, thereby allowing researchers to simulate chemical behavior and improve design accuracy.

With over 40 national laboratories, universities, and private sector partners now involved in Phase III of CMI, OLI’s continued involvement highlights its strong modeling methodology and proven success in collaborating within federal research programs. The extension not only reaffirms OLI's status as a vital partner in this field but also emphasizes its commitment to marrying chemistry insights with practical operational requirements.

Vineeth Ram, Chief Sustainability Officer at OLI, remarked, "This extension reaffirms our commitment to align chemistry insights with operational needs. We are proud to contribute to the DOE's larger objective of creating resilient and scalable solutions for critical materials."

A Comprehensive Approach to Critical Materials

Apart from its crucial partnership with CMI, OLI also plays an instrumental role in other federally funded projects related to critical materials recovery, geothermal energy initiatives, and carbon infrastructure investments. These efforts only further entrench OLI's position as a reliable partner for predictive chemistry solutions in complicated and critical environments.

Given the landscape of increasing competition regarding resource management, OLI Systems is poised to make a substantial impact in improving the sustainability and efficiency of critical materials extraction and use, ultimately contributing to advancements in various industrial sectors.

About OLI Systems

Founded on a mission to empower industrial teams, OLI Systems provides advanced simulation software designed to tackle complex chemical challenges. With roots in decades of industrial success, its predictive models, cloud solutions, and expert consulting services offer clients the precision required for critical decision-making. This technology is tailored to minimize risks and underpin operational confidence as industries navigate the challenges of modern resource management.

In conclusion, OLI Systems' significant contract extension is a key step forward in the pursuit of innovative solutions for critical materials, heralding a new era of resource efficiency and sustainability.