Umicore

Umicore is a global materials technology and recycling group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organised in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.

Umicore - Transparency notification by BlackRock, Inc. and by Bank of America Corp.

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

Startups offering platforms or software solutions incorporating technologies such as sensors, robotics, and AI to monitor and improve the waste collection process using several methods: identifying optimal waste collection time, connecting businesses and individuals with haulers, optimizing trash pickup routes, and increasing transparency in waste management throughout the production process.

Startups that separate waste by type, either by using robotics or analytics (AI, machine learning), to help streamline the recycling process.

Startups that develop recycling technologies or provide solutions such as AI-based online platforms or algorithm-based predictive solutions to primarily support businesses in their in-house recycling efforts.

Startups developing recycling technologies, including the pyrolysis process or a recycled propylene technology, to convert plastic waste into products such as pure propylene, recycled plastic, crude oil, and furniture.

Startups developing recycling technologies such as polymer recycling, flexible hydrothermal processing, etc., to recycle textile waste into products that include carbon neutral fiber or transform the waste into new products with greater value through upcycling technologies.

Startups developing recycling technologies such as lithium-ion battery recycling processes or a Magnet-to-Magnetä recycling process to convert electronic waste into products that include recycled batteries and cathode materials.

Startups developing recycling technologies to separate materials made by combining two or more materials with different properties (composite materials) and recycle them into secondary use raw materials such as aluminum, plastic, leather, and cardboard.

Startups using proprietary technologies to recycle waste (besides plastic, textile, and electronic waste) into harmless waste materials or into materials that can be used to make household goods, furniture, and construction material.

Startups using recycling technologies such as anaerobic digestion or a chemical process to convert waste into energy.

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INCUMBENTS_PRESENT

<div>
 <p>The global materials technology and recycling group, Umicore, has raised EUR 499 million or roughly USD 531.5 million through a fixed-rate, sustainability-linked issuance of US private placement notes. The funding came from 17 institutional investors from Europe and North America.</p>
 <p>The company has earmarked the proceeds from this issuance for refinancing and other corporate purposes, which are expected to be used in July 2024. Also, Umicore plans to utilize these funds to support its 2030 RISE strategy, incorporating several initiatives specifically focused on environmental, social, and governance goals. </p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> In February 2024, the company raised ~USD 372.9 million via a loan from the European Investment Bank to support its work to develop rechargeable battery material technologies for electric vehicles (EVs) and the recycling of EV batteries in Europe.</p>

Umicore

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