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An Italian family is selling most of its stake in an industrial waste disposal company to a private equity fund, in a deal that's being hailed as a sign of the country's shift to a circular economy.
The Orim family has controlled the company since 1982, when it began to recover raw materials, including rare earths and non-metallic materials, from industrial waste, reports the Wall Street Journal.
The new owner, Xenon Fund for Decarbonization and Circular Economy, says it plans to build a plant in Italy to recover those materials from spent batteries, reports the Local.
"The project would guarantee the possibility of obtaining a product free of harmful elements that can be marketed as a raw material in markets outside the European Union," says Xenon's Georg von Kriegsheim.
"Orim represents the only Italian company with this type of plant, capable of recovering non-precious metals and rare earths starting from exhausted catalysts through hydrometallurgical processes," he adds. Read the Entire Article
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Partnerships in Social Enterprises Can Increase Social Impact
Chief executive of HCT, Dai Powell, shares the experiences and practical lessons he learned along the way when teaming up with Ealing Community Transport to deliver site transport during the Olympic Park construction.
