E-waste recycling business Scipher receives $15 million to fund ‘urban mining’ activities

 Melbourne-based e-waste recycling company Scipher has received a $7.5 million investment from the Australian Business Growth Fund (ABGF), as it looks to expand its “urban mining” capabilities and capture more of a market estimated to be worth $112 billion by 2030.

This was matched by another $7.5 million investment from the Clean Energy Finance Corporation (CEFC), with the funds to enable Scipher to invest in innovative and advanced technologies to improve its raw material and commodity recovery capability, and add Western Australia-based Total Green Recycling to the group.

Scipher also plans on expanding its operations beyond Melbourne and into Sydney and regional locations across Australia post-investment.

Read More: https://www.businessnewsaustralia.com/articles/e-waste-recycling-business-scipher-receives--15-million-to-fund--urban-mining--activities.html



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