Greentech Lead America: Green Technology Solutions (GTSO), a provider of green friendly solutions to global market, is negotiating a potentially lucrative spot transaction with joint venture partner Chilerecicla to export a large quantity of e-waste to one of the largest smelters in the world.
According to the terms of the spot transaction, GTSO joint venture partner Chilerecicla will collect several metric tons of e-waste from suppliers based in Bolivia and Chile, and then ship materials to a smelter overseas.
The buyers include the world’s largest smelter, who has meticulously screened Chilerecicla to become one of its suppliers, the company said. The smelter has noted that its capacity to purchase e-waste from Chilerecicla exceeds GTSO partner’s current e-waste forecast for the near and present future.
Return on investment for GTSO and Chilerecicla on this transaction will be approximately 40 percent.
“The potential of this transaction is very exciting, both financially and in the fact we will have inroads to quality smelters in key international regions,” GTSO CEO Paul Watson said. “This also is a perfect example of the benefit of having a joint venture agreement with Chilerecicla.”
GTSO focuses on urban mining. 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.