Japanese giant Mitsubishi Corporation is to invest in London-based metal-recovery technology firm DEScycle.
The firms announced a “strategic partnership” aiming to “establish a more sustainable supply chain for precious and critical metals”.
DEScycle has developed a technology enabling recycling of valuable metals from electronic waste using a proprietary deep eutectic solvent process. This dissolve metals at room temperature and atmospheric pressure.
The business says this offers a sustainable, scalable and commercially viable alternative to traditional smelting and hydrometallurgical methods.
DEScycle chief executive Leo Howden said: “We are thrilled to welcome Mitsubishi Corporation as a strategic investor.
“Its deep expertise in global metals trading and commitment to sustainability aligns perfectly with our mission to revolutionise metal recycling.
“This investment will help us scale our technology and expand our operations, as we look to make a significant impact in reducing the environmental footprint of e-waste recycling.”
Mitsubishi Corporation minerals resources group general manager Toshihiko Satomi added: “Sustainable metal supply is critical for the future of industries reliant on key materials, and we believe DEScycle’s innovative technology represents a transformative step in achieving this.”
