The Fischer Tropsch synthesis of motor fuel from natural gas on a large scale may become significant in the near future for economic and environmental reasons. This process requires solid-phase catalysts containing large amounts of cobalt (catalyst) and traces of platinum group metals or rhenium (promoter). The economic data presented in this paper shows why recycling of those metals will be mandatory. Several recycling processes will be presented along with their technical challenges, most of which can be handled by Umicore using its know how and experience in the recycling of cobalt and the precious metals.