Circular Materials secures €11.8M to scale critical raw material recovery technology
Italian cleantech company Circular Materials, which developstechnology to recover critical and strategic raw materials from industrialwastewater, has secured €11. 8 million in Simple Agreement for Futu... Circular Materials has secured new funding to scale its technology for recovering critical raw materials from industrial wastewater, supporting commercial expansion and the development of new recovery infrastructure.
Key Takeaways
- Sustainability Circular Materials secures €11.
8M to scale critical raw material recovery technology Circular Materials has secured new funding to scale its technology for recovering critical raw materials from industrial wastewater, supporting commercial expansion and the development of new recovery infrastructure.
- The round was backed by CDP Venture Capital, the European Innovation Council Fund, EIT RawMaterials, 360 Capital, Corbites and Lumar S.
Founded in 2019, Circular Materials has developed a proprietary process that treats industrial wastewater containing dissolved metals and recovers valuable secondary raw materials for reuse in industrial supply chains.
- Marco Bersani , CEO of Circular Materials, said: Wastewater is not simply waste, but a highly valuable and often untapped resource.
Our focus remains on building the infrastructure needed to recover valuable materials, support industrial competitiveness, and contribute to more circular supply chains.
- The Ferrara facility is expected to significantly expand treatment capacity and serve as the foundation for future recovery hubs across Europe's industrial regions.
Industrialtech Circular Materials Write Comment Circular Materials secures €11.
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Stats & Key Facts
- #8 million in Simple Agreement for Futu...
- #8 million in Simple Agreement for Future Equity (SAFE) financing.
- #The round was backed by CDP Venture Capital, the European Innovation Council Fund, EIT RawMaterials, 360 Capital, Corbites and Lumar S.
Circular Materials has secured new funding to scale its technology for recovering critical raw materials from industrial wastewater, supporting commercial expansion and the development of new recovery infrastructure. Sustainability Circular Materials secures €11. 8M to scale critical raw material recovery technology Circular Materials has secured new funding to scale its technology for recovering critical raw materials from industrial wastewater, supporting commercial expansion and the development of new recovery infrastructure.
Tamara Djurickovic 21 July Share Send email Copy link Italian cleantech company Circular Materials , which develops technology to recover critical and strategic raw materials from industrial wastewater, has secured €11. 8 million in Simple Agreement for Future Equity (SAFE) financing. The round was backed by CDP Venture Capital, the European Innovation Council Fund, EIT RawMaterials, 360 Capital, Corbites and Lumar S.
Founded in 2019, Circular Materials has developed a proprietary process that treats industrial wastewater containing dissolved metals and recovers valuable secondary raw materials for reuse in industrial supply chains. Its Supercritical Water Precipitation (SWaP™) technology is designed to recover more than 99 per cent of dissolved metals from complex wastewater streams while reducing the generation of hazardous sludge. As European industries face growing demand for critical raw materials and more resilient supply chains, the company's technology aims to transform industrial wastewater into a domestic source of valuable materials.
For more details please read the original article at Tech.eu.
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