16 SEPTEMBER 2011recycling today
Alcoa invests in Recycler
Edited by : AL CIRCLE
1 min read
Alcoa and LS-Nikko Copper invest in Electronic Recyclers International to strengthen their sustainability platforms.
Electronic Recyclers International (ERI), based in Fresno, Calif., has been the recipient of investments from Pittsburgh-based Alcoa and Seoul, South Korea-based LS-Nikko Copper. The aluminum producer and copper smelting company see a benefit to investing in the electronics recycling company because it will provide them with an "urban mining" resource, according to ERI. In turn, ERI can look to LS-Nikko and Alcoa as reliable homes for the secondary commodities recovered from its electronic scrap recycling facilities, which process some 140 million pounds of obsolete electronics each year.
John Shegerian, CEO and chairman of ERI, says he believes urban mining will transform the way in which commodities such as aluminum, copper, gold and silver are mined because it is cheaper and less energy intensive. For instance, recycling requires 95 percent less energy than extracting aluminum from ore.
Through its 10 percent stake in ERI, Alcoa says it will bring its expertise in recycling to the challenge of electronic scrap.
This partnership between the two companies enhances Alcoa's ability to deliver on its commitment to sustainability by increasing the recycling of consumer electronics and driving sustainable practices.
Electronic Recyclers International (ERI), based in Fresno, Calif., has been the recipient of investments from Pittsburgh-based Alcoa and Seoul, South Korea-based LS-Nikko Copper. The aluminum producer and copper smelting company see a benefit to investing in the electronics recycling company because it will provide them with an "urban mining" resource, according to ERI. In turn, ERI can look to LS-Nikko and Alcoa as reliable homes for the secondary commodities recovered from its electronic scrap recycling facilities, which process some 140 million pounds of obsolete electronics each year.
John Shegerian, CEO and chairman of ERI, says he believes urban mining will transform the way in which commodities such as aluminum, copper, gold and silver are mined because it is cheaper and less energy intensive. For instance, recycling requires 95 percent less energy than extracting aluminum from ore.
Through its 10 percent stake in ERI, Alcoa says it will bring its expertise in recycling to the challenge of electronic scrap.
This partnership between the two companies enhances Alcoa's ability to deliver on its commitment to sustainability by increasing the recycling of consumer electronics and driving sustainable practices.
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