HYDROMET has entered into a memorandum of understanding with Australian electronics recycler PGM Refiners to take a majority share in the company.
This move is part of HydroMet’s diversification and expansion plan.
PGM recently upgraded its processing facility in Dandenong, Australia, and has plans to expand into other parts of Australia.
PGM’s proprietary technology recovers aluminium, copper, steel, plastics and precious metals from electronic scrap. It can also separate and upgrade cathode ray tubes.
Hydromet’s move will increase the combined processing capability of both companies, and along with downstream processing. The companies say they will provide a one-stop solution to the growing electronic scrap problem in Australia.
One-stop e-waste recycling for Australia Electronics News
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