LD Carbon (LDC)’s Post

Growth fund backs electronic waste recycler A growth fund which focuses on companies that positively affect climate change has taken a stake in an electronic waste recycling company. Read more about this, and much more about venture capital and private equity, at: https://lnkd.in/gE-aPUTb #venturecapital #privateequity #recycling #circulareconomy

Battery recycler ACE Green Recycling, Inc. announced its take-over for an undisclosed sum by Athena Technology Acquisition Corp. II, in which it gains a listing on #Nasdaq in New York. Its business, valued at $250 million as part of this transaction, will form the continuing operations. https://lnkd.in/e6xjm2tU #BatteryRecycler

Private equity firm KKR is considering the sale of Viridor, a leading UK waste management company, in a deal that could value the firm at up to £7bn ($8.55bn), including debt. KKR acquired Viridor from Pennon Group Plc in 2020 for an enterprise value of £4.2bn. Since then, Viridor has expanded its operations, focusing on recycling and residual waste management across the UK. The potential sale reflects KKR's strategy to capitalize on the increased valuation of waste management assets, driven by growing environmental concerns and the push for sustainable waste solutions. Discussions are ongoing, and there is no certainty that a transaction will occur. #MergersAndAcquisitions #PrivateEquity #WasteManagement

NEXERGY: "We create oil from plastic waste. Fueling the future with green innovation." & "Plastic Into Oil? Yes. Recycling reinvented - plastic is now oil." Plastic is for fundamentally oil in the first instance, just made a bit stiffer, possibly with the addition of other chemicals such as chlorine. It's only going to be recycling if the oil produced is then turned back into plastic again, or possibly pumped back down the well it came out of🙃. However, that doesn't tie in with their claim of "fueling the future". There's nothing green about this process because the oil they're producing is fundamentally fossil oil. Two words for this claim, 'disengenuous greenwash' Better off just burning the pure plastic directly as fuel in an incinerator for heat and/or electricity generation, it would waste less energy.

"Closed Loop Partners has made more than 80 investments over the past 10 years, a period that brought what Closed Loop Partners described as “the most volatile commodity prices in a century, underscoring the need for more efficient materials management.” It also brought major industry disruptors, including China’s import bans and the COVID-19 pandemic. The investments include 39 companies that received early-stage capital through the Closed Loop Ventures Group, with $85 million in assets under management; six acquisition investments through the Closed Loop Leadership Group totaling $200 million in assets under management; and 48 projects invested in through the Closed Loop Infrastructure Group, with more than $225 million in assets under management."

LD Carbon has closed a $28 million Series C funding round led by Toyota's growth fund, Woven Capital, with participation by Meritz Securities, Investwith, Industrial Bank of Korea, Hyundai Motor Group ZER01NE, Elohim Partners and New Main Capital. LD Carbon will use the investment to scale operations to recycle end-of-life tyres and material from end-of-life vehicles into recovered carbon black and pyrolysis oil through pyrolysis and material recovery technology. From here, the aim is to use the recovered materials to create new automotive parts and tyres. According to the company, “the investment will advance LD Carbon's mission of accelerating the circular economy while delivering material cost and carbon savings to global customers”. https://lnkd.in/ecPn4Dri

SME IPO's ▪︎ Positron Energy Applying👍 Good Financials Good Segment ▪︎ Sunlite Recycling Applying👍 Attractive Valuations Good Scale of Operations ▪︎ Solve Plastic Avoid ❌️ Bad Financials👎 Large Equity Dilution Expensive Valuations ▪︎ Broach Lifecare Avoid ❌️

This is it!! This milestone marks the start of a bold new chapter in our journey to ensure a greener transition to global electrification and a more sustainable tomorrow.

ICYMI: Cyclic Materials closed an oversubscribed USD $53 million Series B equity round, bringing the company’s total equity raised to over USD $83.5M and will enable #CyclicMaterials to fast-track its international growth, building #rareearthrecycling infrastructure in the US and Europe, and growing its team to support its world-class operations. “This funding underscores the confidence in our ability to create the circular economy for rare earths needed for the clean #energytransition,” said Ahmad Ghahreman, CEO and co-founder. “Not only is our technology essential for supporting sustainable domestic production of rare earths, but it will also play a critical role in re-establishing North American and European leadership in the #rareearths industry.” ➡️ Read more from Magnetics Mag:

Iondrive (ASX:ION) Ltd CEO Ebbe Dommisse sits down with Jonathan Jackson in the Proactive studio to discuss the completion of a $2 million placement, issuing 222 million new shares at $0.009 each. Major shareholders STRATA INVESTMENT HOLDINGS PL Investment Holdings PLC (ASX:SRT) and Ilwella Pty Ltd participated, highlighting support for Iondrive's recycling technology. Board and management also contributed $260,000. The funds will complete the Battery Recycling Pre-Feasibility Study (PFS), essential for the Pilot Plant's progression, expected by September. Iondrive's technology uniquely extracts critical minerals from end-of-life lithium-ion batteries sustainably. Dommisse expressed gratitude for the strong shareholder support and highlighted the importance of battery recycling technologies recognised by governments in Australia, the UK, the EU and the USA. Watch at #Proactive #ProactiveInvestors #BatteryRecyling #CircularEconomy #BatteryMetals #CriticalMinerals https://lnkd.in/e-4nE89y