ALTEK receives funding to support commercialisation of ALUSALT technology
ALTEK, a technology based company with expertise and experience in aluminium dross and scrap processing systems, signed funding agreement with Santander Corporate & Commercial.
Alan Peel, Managing Director of ALTEK Europe, said: “We’ve been leading the way with new technologies for the aluminium manufacturing sector for decades and are excited that we can now start to commercialise our latest innovation, the ALUSALT technology.”
Santander Corporate & Commercial will invest £2.65m to help the commercialisation of ALUSALT technology across Europe. Full commercialisation of the technology will start next year.
“With increased focus on CO2 minimisation and the development of closed loop recycling technologies to eliminate waste and landfill, we are hopeful that this process will not only have a beneficial environmental impact globally but will also save our customers significant operating costs.”
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