Wieland Invests in ElectraMet for Sustainable Copper Recycling
The partnership with Wieland will enable ElectraMet to further meet growing demand for green solutions for wastewater treatment and the recovery of valuable resources that typically end up in landfills.
ElectraMet has secured a strategic investment from Wieland, a leading supplier of semi-finished products and components made of copper and copper alloys. The funds will reportedly enable ElectraMet to accelerate product commercialization, including sustainable copper recycling from industrial wastewater.
The partnership with Wieland will further ElectraMet’s ability to meet the growing customer demand for green solutions for wastewater treatment and the recovery of valuable resources that typically end up in landfills. According to ElectraMet, working with Wieland will enable the company to expand its reach to secure new sources of recycled copper. Wieland intends to use ElectraMet to recover copper in its own facilities.
“Increased demand and supply challenges from a decade of underinvestment are likely to drive the price of copper up by over 60% in the next few years. Securing new sources of copper that do not rely on mining in complicated geopolitical regions will be critical for the future. We are thrilled to be able to work with a world-renowned company such as Wieland to solve this challenge,” says Cameron Lippert, CEO of ElectraMet.
Dr. Erwin Mayr, CEO of the Wieland Group, adds, “We are excited to partner with PowerTech Water on their ElectraMet platform, which has the potential to be a game changer in water treatment and thereby also represents an important step for us towards putting our sustainability strategy into action.”
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