Advanced Recycling Technologies Holdings, a Flemington, NJ-based company that designs, installs, owns, and operates distributed metals recovery systems, received a growth investment from Ember Infrastructure.
The amount of the deal was not disclosed.
The company intends to use the funds to scale its metals recovery and recycling platform.
Founded in 2022 by Steve Bossotti and Robert Blenden, ART designs, installs, owns, and operates distributed systems that are co-located with waste stream assets to recover and monetize incremental, high-value metals. Its 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.
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.
FinSMEs
26/11/2024