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Stage

Corporate Minority - III | Alive

Total Raised

$10M

About Elysis

Elysis is a joint venture between Apple and aluminum giants Alcoa and Rio Tinto. Tts focus is working to scale and commercialize a new aluminum manufacturing process that doesn't generate greenhouse gases.

Elysis Headquarters Location

Quebec,

Canada

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Elysis Patents

Elysis has filed 12 patents.

The 3 most popular patent topics include:

  • Electrolysis
  • Chemical processes
  • Electrochemistry
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/23/2015

5/17/2022

Electrolysis, Chemical processes, Electrochemistry, Metallurgical processes, Capacitors

Grant

Application Date

6/23/2015

Grant Date

5/17/2022

Title

Related Topics

Electrolysis, Chemical processes, Electrochemistry, Metallurgical processes, Capacitors

Status

Grant

Latest Elysis News

Larry H. Miller Co. partners with Recyclops to expand rural recycling

Jul 4, 2022

mykolastock | stock.adobe.com Larry H. Miller Co. partners with Recyclops to expand rural recycling Recyclops aims to make it easier for homeowners to access recycling services and recycle hard-to-recycle products, such as plastic bags, batteries and light bulbs. The Larry H. Miller Co. (LHM Co.), headquartered in Sandy, Utah, has invested in Recyclops Inc., a technology startup that creates sustainability solutions, starting with recycling. Launched in 2014 by CEO Ryan Smith, Recyclops , Orem, Utah, applies technology to environmental logistics, collecting hard-to-recycle materials and providing scaling strategies to expand recycling in rural areas. LHM will partner with Recyclops to use its service in its residential community developments to improve sustainability efforts in recycling and reuse. Recyclops is in 30 different states and in 2021 enabled families to recycle and reuse over 1.4 million pounds of waste, diverting it from landfills. "The LHM Co. is excited to invest in Recyclops and the team Ryan has built. We believe in their service offering and its potential to not only grow as a business but to offer an innovative approach and encourage stewardship," LHM Co. Chief Strategy Officer Dave Smith says. "Recyclops is delivering easy-to-use solutions to homeowners and businesses, ensuring we reduce the amount of waste in our landfills and oceans and expand recycling to materials that weren't available under conventional methods." Nearly 40 percent of American households do not have access to convenient recycling. Additionally, existing programs are only able to recycle 10 percent to 45 percent of household waste. Ryan Smith of Recyclops says he’s committed to his mission to make sustainability a convenient reality in an accessible manner. "The Larry H. Miller Co.’s mission to enrich lives is something that resonates deeply with Recyclops and what we've set out to do as a company," he says. "I am thrilled to have the LHM Co. as an investor in our seed round. Their growth capital will help us expand our service. We look forward to working with such a pillar in the community." LHM’s investment supports Recyclops' introduction of a new, beyond-the-bin recycling service, Recyclops+ , for hard-to-recycle materials such as plastic fruit and salad containers, plastic film and bags, lightbulbs, batteries, polystyrene foam, textiles and clothing. Recyclops+ will collect, transport, reuse and recycle these materials from homes along the Wasatch Front, specifically in Salt Lake and Utah counties. Leimbach, Germany-based shredder manufacturer Arjes GmbH says in just 15 years it has grown to become a leading supplier of industrial shredders for the recycling industry, “meeting growing global challenges of the numerous mountains of waste of a wide variety of materials.” In the United States, Arjes shredders are distributed by Michigan-based Bandit Industries. The company was founded in 2007 by Norbert Hammel, whom Arjes describes as a pioneer of twin-shaft crushing and shredding. He bought the site of an old concrete factory in Leimbach and converted it into a shredder production facility that started with 19 employees. Today, Arjes describes the headquarters site as “a buzzing operation with just about 190 employees.” The company, which started with a shredder for scrap wood, has continues to develop, optimize and expand its machinery to be able to shred a wider variety of materials today, including metal, mixed materials and concrete. “The thing that makes our machines so unique is their mobility, their wide range of applications and the fact that they are very easy to handle,” says Martin Priewe from the Arjes marketing department. “We are a relatively young company, but we have been able to grow very quickly over the last 15 years due to our commitment and willingness to innovate. Every machine we develop is a progression of the previous one. Hence our motto ‘Innovation is what keeps us thriving.’” In 2016, Arjes launched the Impaktor 250, its first machine designed to crush stone and concrete. It also was also the first machine to be equipped with an Arjes quick-change system for shafts. “With the development of the Impaktor 250, we wanted to clearly stand out from our competitors," says Christian Hennig, operations manager at Arjes. “We researched the market and questioned the needs of our customers. Many stated that it was difficult to change the shredding shafts and that this affected the daily work output.” Arjes  says healthy demand for its mobile shredding plants means it will continue to develop its product line “in order to be able to maintain the successful course in the future.” Organizations representing recycling companies and producers of paper and board in Europe have pledged to recycle 76 percent of all paper consumed on that continent by 2030. Representatives from several European recycling and paper organizations gathered in Brussels in late June and made the commitment as part of a European Paper Recycling Awards ceremony there. “The recycling rates we have already reached put paper and board as industry frontrunners,” comments Ulrich Leberle, secretary of the Brussels-based European Paper Recycling Council (EPRC). “Both ongoing initiatives and planned steps will allow us to close the circular economy loop even further. The innovative projects presented yesterday at the EPRC Awards are timely examples of what it will take to get there.” In its news release pertaining to the commitment, the Brussels-based Confederation of European Paper Industries (CEPI), which represents paper and board producers, states, “The new, ambitious recycling rate of 76 percent, calculated by dividing the recycling of used paper by the total paper and board consumption, should be reached by the year 2030. It represents a best-in-class performance both at global level and across material industries, as paper and board is the most recycled material in Europe.” The commitment is contained within a document called the new European Declaration on Paper Recycling 2021-2030, say the organizations. That document “sets out measures to optimize the management of paper at every step of a continuous recycling loop,” say the EPRC and CEPI. The organizations say that recycling loop “entails a variety of operations, from paper and board manufacturing, its conversion into products and prints, through to its collection, sorting and recycling. Each step in the process is a distinct industrial sector with only some degree of horizontal integration, making cooperation a must to reach the ambitious recycling target.” The industry groups that have co-signed the declaration, however, also point to what they call “several enabling conditions from EU and local authorities [that] need to be met.” According to the EPRC and CEPI, these include limiting the use of discarded paper for energy recovery purposes and to “ensure that paper is separately collected to preserve the quality of the material.” Calling separate paper collection “a prerequisite” for higher levels of recycling, the organizations say source-separated collection “needs to be further promoted.” At the same time, the coalition says it is also “pushing boundaries” to identify additional paper and board products that can be recycled. Two recent European Paper Recycling Award winning projects tackle these challenges, says the coalition. EnEWA, a research and development project financed by the German Federal Ministry for Climate Protection, was awarded for focusing on “the optimization of sorting, cleaning and recycling paper even when it is mixed with other residual household or commercial waste.” Awarded in the “information and education” category, the multi-stakeholder CELAB project is described by EPRC as “a cross-industry initiative to recycle self-adhesive labels.” “The projects or campaigns competing for the awards are all game changers in the way we recycle paper in Europe,” comments Annick Carpentier, board chair of the EPRC . “They will contribute to achieving our ambitious goal of a 76 percent paper recycling rate by 2030. This is an ambitious target and every piece of paper and board bringing us closer to it counts.” Circular economy goals, strategies and policies in Europe will be a key topic of discussion at the 2022 Paper & Plastics Recycling Conference Europe , to be held in mid-November in Rotterdam, Netherlands. Montreal-based metals and mining firm Rio Tinto is part of a partnership offering what it calls “Canada’s first specially-marked, low carbon beverage can.” Partners in the effort include brewer Corona Canada and packaging producer Ball Corp. Rio Tinto says the 1.2 million cans, available in Ontario, were made using aluminum from Rio Tinto that also uses Elysis technology. The company refers to Elysis as “revolutionary technology that enables the production of metal without direct carbon dioxide emissions during the aluminum smelting process, instead emitting pure oxygen.” In 2020, as part of a sustainability commitment  between Rio Tinto and global brewer Anheuser-Busch InBev, Rio Tinto said the two companies’ joint efforts “will see AB InBev use Rio Tinto’s low-carbon aluminum made with renewable hydropower along with recycled content to produce a more sustainable beer can.” As part of the Corona effort, cans have been produced with a QR code designed to “inspire consumers to learn more about the cans’ low carbon footprint.” Corona Canada is a business unit of AB InBev. Rio Tinto says currently around 70 per cent of the aluminum used in cans produced in North America is made with recycled aluminum. “Pairing this recycled metal with Rio Tinto’s low-carbon aluminum – made with renewable hydropower – and metal produced using the direct greenhouse gas emissions-free Elysis smelting technology reduces carbon emissions by more than 30 percent.” Remarks Tolga Egrilmezer of Rio Tinto, “We look forward to putting more information into the hands of consumers so they can see how we are partnering with leading brands like Corona to help deliver more sustainable supply chains and products.” Rio Tinto describes Elysis as a technology company created through a partnership between “aluminum industry leaders Rio Tinto and Alcoa, with support from Apple and the governments of Canada and Quebec.” Luxembourg-based Befesa S.A., a provider of byproducts handling and recycling services to producers of steel and aluminum, says its recent growth is allowing it to reduce the landfilling of metals-containing dusts and residues by recycling more than 2 million metric tons of material annually. In the company’s Environmental Social and Governance (ESG) Report for 2021 it says its operations in Europe and North America (the latter known as American Zinc Recycling, or AZR) are recycling furnace dust from electric arc furnace (EAF) steel mills and byproducts from secondary aluminum producers into marketable zinc and aluminum. Its business model, says Befesa, entails “decreasing the cost of production by utilizing secondary materials, and reducing the environmental impact of metals production by reducing the amount of mining that is necessary.” Adds the firm, “From the climate change point of view, Befesa has a positive impact on the environment, saving an estimated 2.4 million metric tons of CO2 equivalents from entering the environment each year. In part thanks to its acquisition of AZR, Befesa increased its furnace dust tonnage processed and recycled by 25.6 percent in 2021 compared with the prior year. Its total global output of recycled-content metals (predominantly zinc, iron oxide and aluminum) rose by 12.8 percent to 1.44 million metric tons in 2021 from about 1.28 million in 2020. Writes the company in the recycling portion of its ESG report , “Befesa has a high efficiency in turning hazardous waste into valuable materials. Today, this efficiency is 88 percent. Befesa’s R&D team [is] focused on improving the recovery yield by finding alternative uses to the byproducts, hence, reducing the portion that goes to landfill.” Regarding its outlook, Befesa predicts it “will benefit from global trends towards the shift to EAF steel production, waste reduction, and increasing focus on environmental impact, which will provide long-term growth to Befesa in the future years.” The company’s chief financial officer Wolf Lehmann, interviewed by  Recycling Today this May, said the firm’s business model involves collecting hazardous waste service charges, ensuring one source of stable revenue, while using zinc price hedging practices to help ensure its earnings power on the product sales side is “locked-in” rather than being subject to base metals price volatility.

  • What is Elysis's latest funding round?

    Elysis's latest funding round is Corporate Minority - III.

  • How much did Elysis raise?

    Elysis raised a total of $10M.

  • Who are the investors of Elysis?

    Investors of Elysis include Rio Tinto Group, Alcoa and Apple.

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