Green Technology Solutions (GTSO) is all set to gain a significant share of the global e-waste market that is projected to reach $20.25 billion by 2016.
As part of its strategy to gain foothold in Europe, the company has formed partnership with Chilerecicla to collect e-waste. Both companies have succeeded in collecting substantial amount of e-waste, and the collected material has now gone through a process of sorting and grading.
The sorted product will be sent to Europe for final stage smelting later this month where the smelter will extract and recover the precious metals.
The partnership with Chilerecicla opens the door for GTSO to Europe, as the company has access to the most advanced market for the recovery of rare earth from e-waste. The European Commission has already approved $54 million in funding for numerous e-waste recovery projects.
GTSO has set goals to maximize profits through a range of minerals and rare earth’s recovery from e-waste.
Urban mining is pivotal to GTSO’s vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation, Industrial Services of America and Sims Metal Management.
Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
picture source: thedailygreen.com