Selfrag raises CHF14.3 million to launch slag recycling facilities

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10.03.2023
Selfrag plant

Selfrag raised 9.3 million CHF of equity provided by the company’s core shareholders. In addition, 5.0 million CHF of long-term debt have been secured through the Technology Fund and UBS. This major capital injection will allow the company to further fund and accelerate the expansion of its Waste to Value activities.

Selfrag’s Centro Uno project – a 35’000 TPA (tonnes per annum) slag recycling facility - in Full-Reuenthal (AG) is planned to start production on 17 March 2023. The permitting process of the Centro Due 45’000 TPA slag recycling plant in Kerzers is well under way and counts on the support by the local and cantonal authorities. Selfrag expects to start construction of this plant in Q4 2023 and to start production by the end of 2024.

Given the rapidly decreasing landfilling space, innovative solutions that drastically increase the slag recycling rates have become an urgent priority. Thanks to its proprietary technology and its full-service solutions Selfrag is able to recycle out of toxic slag (“Incinerated Bottom Ash”) 50% of the volume into valuable materials (metals and minerals). This improves recycling and recovery rates, reduces the CO2 impact on our planet and reduces the volumes to be landfilled by 50%.

“Selfrag is an excellent addition to our portfolio of Swiss climate-tech innovators. Selfrag’s significant environmental impact, its commercial success and entrepreneurial drive were convincing arguments to grant the company a loan guarantee” explains Simone Riedel Riley, Head of Technology Fund.

“All of us at Selfrag are proud of having received such a strong support by our shareholders, the Technology Fund and UBS. This funding confirms our strategy. It will help us in the further implementation of our business plan” says Anton Affentranger, Executive Chairman of Selfrag.

(Press release / SK)

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