Ember Invests In Advanced Recycling Technologies
Summary
Flemington, NJ, November 26, 2024Advanced Recycling Technologies Holdings, LLC (ART or the Company), announced today 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 Companys 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.ARTs 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. 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 Embers investment.We are excited to bring ARTs proven metals recovery solutions to more upstream asset owners, allowing them to grow their revenues, drive efficiency in their operations and enhance their sustainability profile, said Steve Bossotti, ART Co-Founder & CEO. Additionally, we are excited to have the Mid-City Scrap team join ART as a cornerstone operation in New England, building upon the strong brand of trust, credibility, and professionalism that the Gitlin family established.The ash recovery project at our Waste-to-Energy facility is an integral part of our landfill diversion strategy for Kent County, said Dar Baas, director of the Kent County Department of Public Works. "ART is rapidly delivering its distributed metals recovery systems to enhance the profitability and sustainability profile for the Companys upstream waste customers.Advanced Recycling Technologies designs, installs, owns, and operates distributed systems to recover and monetize metals from waste streams including auto shredder residues and waste-to-energy ash.