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ENVIRONMENTAL SERVICES & EQUIPMENT | Recycling
recoverytechnologysolutions.com

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Stage

Option/Warrant | Alive

Total Raised

$16.5M

Last Raised

$3M | 6 yrs ago

About Recovery Technology Solutions

Recovery Technology Solutions (RTS) is a development stage company created to commercialize a disruptive process technology for the recycling of asphalt shingles and the extraction and recovery of asphalt cement, fiberglass/felt, mineral aggregates and mineral fillers to be reused in the shingle manufacturing and asphalt pavement industry. RTS plans to operate multiple recycling and oil extraction facilities in strategic locations throughout the US. The Company will partner with asphalt shingle manufacturers, re-roofing contractors and waste management companies to allow them to reduce costly disposal fees while extending the useful life of landfills and reducing other environmental issues associated with disposing of petroleum based shingles. Markets include the asphalt industry, pavement industry, landscape block manufacturers, fiberglass insulation companies and the concrete additives industry.

Recovery Technology Solutions Headquarter Location

500 South Marschall Road Suite 200

Shakopee, Minnesota, 55379,

United States

952-746-4184

Latest Recovery Technology Solutions News

Asphalt recycler Recovery Technology Solutions lands more financing for Shakopee plant - Minneapolis / St. Paul Business Journal

Sep 19, 2013

Bloomberg RTS plans to sell recycled oil from asphalt shingles to paving companies. Asphalt-recycling startup Recovery Technology Solutions landed $2.6 million in private-equity funding for its planned Shakopee plant. RTS also recently lined up $10 million in debt financing to support the $20 million project , CEO Tom Branhan said Thursday. The plant is expected to employ about 22 people at the Raceway Park site, Shakopee's shuttered auto race track. The company has now raised $16.6 million in equity financing. Its investors include private-equity firm US Renewables Group , which backs renewable energy companies. The firm has more than $750 million in capital under management. RTS extracts oil and other materials, including fiberglass and asphalt cements, from old asphalt shingles. The company licenses its technology from Roseville-based Crown Iron Works. RTS says its around-the-clock facility will keep 70,000 tons of asphalt shingles out of landfills every year and reduce annual carbon emissions by 5,800 metric tons. Want Minneapolis / St. Paul Banking & Financial Services news in your inbox? Sign up for our free email newsletters. Industries

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Recovery Technology Solutions Patents

Recovery Technology Solutions has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/17/2004

5/12/2009

Steelmaking, Chemical processes, Industrial gases, Metallurgical processes, Metallurgy

Grant

Application Date

12/17/2004

Grant Date

5/12/2009

Title

Related Topics

Steelmaking, Chemical processes, Industrial gases, Metallurgical processes, Metallurgy

Status

Grant

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