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A company in Australia that processes up to 100% of e-waste has just secured $5 million in funding, making it the country's largest e-waste processor and the only one capable of diverting up to 100% of e-waste from landfill, the Guardian reports.
Sircel CEO Anthony Karam says the funding will be used to expand the company's solar panel processing facility in Parkes, New South Wales, " broadening Sircel's recycling capabilities within what is becoming one of the largest e-waste streams."
Kilara Capital, the new investor in Sircel, says the company "ticks a lot of the boxes that the Kilara Growth Fund looks for: it's a company with a proven business model, an ever-growing customer base, and it has the potential to achieve significant climate positive and commercial outcomes."
Sircel says the investment will also allow it to salvage precious metals from e-waste and power the future of renewable energy, reducing reliance on mining operations.