Romco Group and Elemental Group have agreed to form an alliance in metal recycling in Africa. This alliance will accelerate and diversify Romco’s existing growth plans and strengthen its position as a key player in the global metal recycling industry.
The alliance will combine the expertise and resources of Romco and Elemental in the collection, pre-processing, smelting and marketing of recycled base metals and precious metals.
The partners will expand Elemental’s existing business in used automotive catalyst recycling, e-waste recycling and battery recycling in Africa, while accelerating the expansion of Romco’s aluminum and copper recycling operations. Romco has a strong established presence in West Africa, which will serve as the initial base for the alliance.
Combining the resources of both partners, Romco and Elemental will aim to deliver the world’s most environmentally friendly and sustainable base and precious metals to their customers, using best-in-class ESG (environmental, social and governance) standards. Initially, the alliance will focus on the production of aluminum, copper, platinum group metals and by-products such as gold and silver.
Pawel Jarski, CEO and founder of Elemental, said, “We have nothing but respect for the company that Raymond and his team have built since 2016. Romco is the ideal partner for Elemental to initiate multi-material recycling in Africa. The opportunity for metals recycling in Africa is immense and, through this partnership, we are well positioned to help deliver more recycled critical minerals to Africa and the world.
“Thanks to our partnership with Romco Group, we have the unique opportunity to quickly enter two important new markets: Nigeria and Ghana. From Elemental Group’s perspective, our presence in Africa is a natural progression in the development of our global structure.”
Raymond Onovwigun, CEO and founder of Romco, said: “We are delighted to embark on this partnership with Elemental Group. Romco’s vision has always been to lead the way in sustainable metal recycling in Africa, and this collaboration with Elemental will significantly enhance our ability to achieve that goal.
“Pawel’s determination and tenacity at Elemental has impressed us greatly, and we see Elemental as the perfect partner to drive scalability. By leveraging our combined expertise and resources, we will not only accelerate the expansion of Romco’s aluminum and copper recycling operations, but also introduce innovative processes for other base and precious metals.
“This alliance exemplifies our commitment to delivering the highest quality secondary metals to our customers while keeping our environmental and social responsibilities at the center.”
