PMC starts the processing factory construction in Delfzijl, The Netherlands
Last week, EIT RawMaterials supported start-up and now a well-established SME – Purified Metal Company (PMC) has completed the financing for the construction of a large-scale state-of-the-art processing plant that recycles contaminated steel scrap (i.e. asbestos and other toxic materials) into a high-quality raw material for the steel industry.
Purified Metal Company is the first company in the world with an environmentally friendly and economically feasible method to recycle contaminated steel scrap into high-quality raw materials for the steel industry. PMC has participated in the EIT RawMaterials Booster as well as received the INNOVEIT 2017 Award nomination making it to the top 3 contestants.
This is a great achievement for the whole EIT Innovation Community as the impact that PMC will deliver is significant, not only the newly constructed plant will recycle and process contaminated steel which is harmful for the environment and people but also will save 150,000 tons of CO2 per year compared to the production of steel from iron ore. This CO2 saving corresponds to the annual emissions of 45,000 passenger cars.
It was an intense process to connect the right parties to our ambitious plan for a circular solution for contaminated steel scrap. But ultimately our approach, the cooperation with leading parties, the innovative process and the comprehensive business case were decisive. Now the recycling of contaminated steel scrap from, for example, trains, industrial installations, buildings and oil rigs can actually be realized. This is a great news as currently the contaminated steel scrap is still being dumped in landfills which is harmful for the environment and the people. We are very grateful for the contribution EIT RawMaterials made to the success of this project.
Directors and the co-founders of PMC, Jan Henk Wijma and Bert Bult
After realizing the first factory in the Netherlands, Purified Metal Company aims to roll out the innovative and patented process for the recycling of contaminated steel scrap in the rest of Europe and the world.
The company expects that the factory will be operational by July 2020 at the latest.
About Purified Metal Company
For more information, visit the website.