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29 July 2013

Outstandingly Green Innovation and Technology ensures Awards Success for Ultromex

"Working with The North West Fund for Energy & Environmental is enabling us to develop our technologies even further."


Jonathan Quinn, co-founder and chief executive of Ultromex

Following £550,000 in funding secured from The North West Fund for Energy & Environmental earlier this year, precious metal recycling specialist Ultromex has been attracting deserved attention for its innovative, low-carbon technologies. The company has won a Global Business Excellence Award for the category of 'Outstanding Green Initiative' and emerged triumphant at the recent Echo Environment Awards, taking home The Liverpool Chamber of Commerce Innovation and Technology Award.

Wirral-based Ultromex has developed market-leading processes for the recovery of valuable metals from electronic and industrial waste products. The company's winning initiative supports other businesses in their efforts to use and waste less while encouraging them to reuse and recycle more.

Working in partnership with global industrial metal recycling businesses, Ultromex helps them to recover more high-value metals at lower operating costs, increasing energy efficiency and simultaneously lowering carbon emissions.

The company is currently commercialising processes for the recovery of metals from printed circuit boards and lead from leaded glass, with an 8,000 tonne per annum plant under construction in Ellesmere Port.

The business was founded in 2011 by Jonathan Quinn, Harry Middleton and David Kelley, all of whom have extensive experience in the chemicals industry, metals recovery and plant design and construction. 

Ultromex is using the funding from The North West Fund for Energy & Environmental, managed by 350 Investment Partners, to develop its processes for the recycling of metal recovered from industrial slag and dross and autocatalysts. The business aims to increase turnover to £10 million by 2016.

Jonathan Quinn, CEO of Ultromex, commented: "Working with The North West Fund for Energy & Environmental is enabling us to develop our technologies even further.

"Our processes are a crucial step forward for the environment, enabling businesses
to reuse secondary materials more efficiently and reducing reliance on primary extraction. Landfill is decreased and transport costs are cut by avoiding the need to ship materials abroad.

"Winning two prestigious awards in the last couple of months is fantastic news for Ultromex and demonstrates that the real potential of our cutting edge technologies is being acknowledged. We look forward to continuing our success and working closely with The Fund."

Adam Workman, partner at 350 Investment Partners and manager of The North West Fund for Energy & Environmental, said: "Metal recycling is a worldwide industry with more than 400 million tonnes of metals worth £200 billion being recycled every year.

"Ultromex is a fantastic investment opportunity. The market for recycled metals has shown steady growth over the past 15 years and we expect this trend to continue further in the coming years.

"We are incredibly proud of the company's achievements so far. It is a huge accolade for the business to be recognised as an Outstanding Green Initiative and also for Innovation and Technology. Having been short-listed for The University of Liverpool Knowledge Business of The Year Award as well, the company looks set to maintain its award-winning success."


For more information about how you may be able to access funding for your energy business please visit http://www.thenorthwestfund.co.uk/funds/energy-environmental

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