Purified Metal Company
The first company in the world that is able to process hazardous steel scrap into a clean premium raw material in a sustainable and economically responsible manner.
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€150k Valuation: €33.0m | Late VC | ||
| Total Funding | 000k | ||
Purified Metal Company (PMC) presents a compelling investment case in the circular economy, focusing on the sustainable processing of hazardous steel scrap. Established in 2015, the company has developed a patented process to transform contaminated steel, including materials containing asbestos, chromium-6, and mercury, into a high-quality raw material known as Purified Metal Blocks (PMBs).
The genesis of PMC stems from the extensive experience of its founders in industrial demolition and recycling. Jan Henk Wijma, with a background as the owner of a leading demolition company, and Bert Bult, with expertise in finance and business development, identified a critical gap in the market. They observed that large quantities of contaminated steel were either landfilled or inefficiently recycled, posing environmental risks and representing a significant loss of valuable resources. This firsthand experience directly shaped PMC's mission to create a safe and circular solution for this problematic waste stream.
PMC operates a state-of-the-art facility in Delfzijl, the Netherlands, which became operational in 2020. The business model is twofold: the company receives a gate fee for accepting and processing hazardous steel scrap from industrial clients, demolition companies, and recycling firms. Subsequently, it generates revenue by selling the resulting PMBs to steel mills and foundries as a premium secondary raw material. This dual revenue stream provides a robust financial foundation.
The core of PMC's value proposition is its proprietary technology. The process involves heating the contaminated scrap in a controlled, oxygen-free environment to approximately 1,500 degrees Celsius. This method effectively destroys hazardous organic components and separates heavy metals like mercury for safe disposal. The result is a clean, dense, and easy-to-handle block of steel that serves as a superior alternative to traditional scrap, offering steel producers predictable quality and improved melt efficiency. This process not only addresses significant environmental liabilities for its clients but also contributes to the reduction of CO2 emissions by promoting recycling over primary steel production.
Keywords: steel recycling, hazardous waste management, circular economy, industrial processing, raw materials, cleantech, scrap metal, sustainable manufacturing, environmental technology, waste-to-resource