New Partnership in African Metals Recycling
The on the African continent active company Romco Group (headquartered in the UK) and Luxembourgian company Elemental Group form a partnership in the metal recycling industry on the continent.
According to the joint press release, the alliance will accelerate and diversify Romco’s existing growth plans and reinforce its position as a key player in the global metals recycling industry. It would combine both companies’ expertise and resources in collecting, pre-processing, smelting, and trading of recycled base and precious metals.
“The partners will expand Elemental’s existing business in spent auto-catalyst recycling, e-waste recycling, and li-ion battery recycling to Africa while accelerating expansion of Romco’s existing aluminum and copper recycling operations. Romco has a strong established presence in West Africa, which will serve as an initial base for the partnership,” the information said. Combining resources from both partners, the companies would aim to deliver “the most green and sustainable base and precious metals in the world to its customers, using best-in-class ESG standards”. Both parties would initially concentrate on producing aluminum, copper, platinum group metals, and by-products such as gold and silver.
“Romco’s vision has always been to lead the way in sustainable metals recycling in Africa, and this collaboration with Elemental will significantly enhance our ability to achieve that goal,” Raymond Onovwigun, CEO and Founder of Romco was quoted. Elemental would be a perfect pairing to drive scalability. “By leveraging our combined expertise and resources, we will not only accelerate the expansion of Romco’s existing aluminum and copper recycling operations but also introduce innovative processes for other base and precious metals. This partnership exemplifies our commitment to delivering the highest quality secondary metals to our customers while keeping our environmental and social responsibilities front and center.”
Pawel Jarski, CEO and Founder of Elemental, also sees the benefits of the alliance. “Romco is the ideal partner for Elemental to start multi-metal recycling in Africa. The opportunity for metals recycling in Africa is immense and through this partnership, we are well placed to help deliver more recycled critical minerals to Africa and the world. Thanks to our partnership with Romco Group, we have the unique opportunity to promptly enter two new, important markets: Nigeria and Ghana. From the perspective of Elemental Group, our presence in Africa is a natural progression in the development of our global structure.”
(Published in GLOBAL RECYCLING Magazine 3/2024, Page 16, Photo: Romco/Elemental)
