SELFRAG secures CHF 14.3 million to transform waste into valuable productsMonday 13 March 2023
SELFRAG uses proprietary technology and full-service solutions to recycle toxic slag, specifically incinerated bottom ash, into valuable materials such as metals and minerals. | © SELFRAG
SELFRAG has raised CHF 14.3 million to continue the development of its proprietary technology and full-service “Waste-to-Value” solutions to recycle toxic slag.
Given the rapidly decreasing landfilling space, innovative solutions that drastically increase the slag recycling rates have become an urgent priority. SELFRAG is dedicated to transforming waste into valuable products and relentlessly pursue innovation in this field. The company relies on its unique and patented technology as well as on the support of a wide range of scientists, engineers, and business partners to help closing the gap to a functioning circular economy.
The company based in Kerzers (canton of Fribourg) has announced the successful completion of a financing round in the amount of CHF 14.3 million. The funds consist of CHF 9.3 million of equity contributed by the company's core shareholders, as well as CHF 5 million of long-term debt secured through the Technology Fund and UBS. This funding will provide SELFRAG with the resources necessary to continue their mission of transforming waste into valuable products while advancing towards a sustainable future.
“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.
SELFRAG’s Centro Uno project, a 35’000 TPA slag recycling facility, is planned to start production. The permitting process of the Centro Due 45’000 TPA slag recycling plan 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.
“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” concluded Anton Affentranger, Executive Chairman of SELFRAG.
SELFRAG was founded in 2007 by a team of scientists and engineers with a passion for creating sustainable solutions to waste management. Today, the company is a leading innovator in the recycling industry, with a global customer base that includes waste management companies, industrial partners, and research institutions.