Ember Infrastructure
Assembly Line
Advanced Recycling Technologies Announces Growth Investment from Ember Infrastructure
Advanced Recycling Technologies Holdings, LLC (“ART” or the “Company”), announced that it has received a growth investment from funds managed by Ember Infrastructure (“Ember”) to scale its metals recovery and recycling platform.
ART designs, installs, owns, and operates distributed systems that are co-located with waste stream assets to recover and monetize incremental, high-value metals. The Company’s systems provide upstream asset owners with the dual benefit of reduced waste volumes and the recovery of incremental recycled metals for additional revenues, all while enhancing their sustainability profile through increased recycling of recovered metal materials for lower carbon metals refining and production as compared with the use of virgin mined materials.
ART’s systems are deployed onsite at upstream infrastructure assets including waste-to-energy (“WTE”) power plants, auto shredder residue (“ASR”) operations, other metal recycling operations, and ASR or WTE ash landfills. While these upstream sites may already have some metals recovery systems, ART’s systems can extract significant quantities of additional, smaller metal units from waste materials. Recycling recovered metals is an eco-efficient way of reintroducing valuable materials back into the economy. Compared to the primary production of virgin mined materials, the recovered recycled materials process uses up to 90 percent less energy and results in a significant reduction in annual CO2 emissions. The Company owns three operating metals recovery assets, comprised of an ASR tailings recovery project located at a metal recycling site in the Mid-Atlantic region; a WTE ash recovery project in Kent County, Michigan, in partnership with Kent County, through its Department of Public Works; and a metal recycling operation located in Westport, Massachusetts (“Mid-City Scrap”), which ART acquired in connection with Ember’s investment.