ComoMet supports local recycling initiatives to decrease environmental and health exposure to waste accumulation
Abstract
Today, tens of millions of tonnes of hazardous products are still lying, stored or being shipped from one country to another to be recycled, buried or simply thrown away in the environment due to the lack of recycling units with the appropriate technology in many countries.
Burying and disposing of these products comes at a terrible cost in terms of environmental pollution, humans, animal and plant diseases. This behaviour has a serious impact on health costs, agriculture, livestock farming, tourism and the endangers the drinking water resources through the pollution of groundwater and soil.
Opportunities
The recycling of these products is an important source of profitable revenue for companies that invest in recovering the metal factions contained.
It is also an important source of GDP growth for countries that promote it, as well as a source of jobs creation and the preservation of the environment, human and animal health.
OECD countries are the most advanced in product recycling, but most of them are still far from 100%. Developing countries promoting product recycling activities will benefit from faster economic, industrial and technological development. All countries generate waste containing metals that are rejected by industries and mining, but also by their populations and communities.
Project
Our project consists in supporting and participating in setting up recycling units for industrial byproducts and waste, containing metal elements, within close range of the sources of waste to be treated in accordance with local and international regulations. We do this to keep the risks linked to the transport of hazardous products to a minimum, reduce CO2 emissions, protect the environment and avoid health hazards. This helps further the circular economy, encourages technology transfer, generates employment and adds value locally.
Process
Everything starts with a source of wastes or secondary products containing metal elements and a local motivated partner in a given country with the minimum required financial capacity. ComoMet will use its expertise in ferrous and non-ferrous materials and recycling / processing technologies to assess the potential recovery value of the materials identified after several tests and analyses. We evaluate the most adapted technologies, the required quantities of product generated or stored, and prepare a preliminary business plan to determine the sustainability of each project.
Turnkey Projects
If the project is eligible after assay of the product, basic due diligence of the market and the partner, the local investment capabilities and regulation, ComoMet will fund a full business plan to assess how to finance the engineering, recycling unit set up and other operating expenses expenses (salaries, purchase of raw material, logistics …).
ComoMet will then make a contractual commitment to become the exclusive buyer of all future production from the recycling unit, which is used as a collateral, and ComoMet takes a minority stake in the unit.
ComoMet will, together with the local partner, then approach international organisations, banks and its network of private investors to determine the fund-raising required to achieve the project.
Examples
ComoMet can study any eligible project related to creating capacity for recycling of non-ferrous commodities with metal recovery, such as recycling electrical and electronic wastes (WEEE), extraction of base metals from industrial residues using hydro-metallurgical process, lead batteries recycling and other opportunities. Please feel free to contact us by pointing at Inquiry menu and we will revert to you shortly.