Image credits: Selfrag
Kerzers, Switzerland-based Selfrag, maker of high-voltage fragmentation equipment, announced on Thursday, March 9, that it has secured over 14.3M CHF (approximately €14.6M) in equity (9.3M CHF) and long-term debt (5M CHF).
The company’s core shareholders contributed the equity funding, while the Technology Fund and UBS arranged debt financing.
“All of us at Selfrag are proud of having received such strong support from 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.
Fund utilisation
Selfrag says it will use the capital to 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, is planned to start production on March 17, 2023.
The permitting process of the Centro Due 45,000 TPA slag recycling plan in Kerzers is also well under way and counts on the support of the local and cantonal authorities.
Selfrag expects to start the construction of this plant in Q4 2023 and to start production by the end of 2024.
Selfrag: Transform waste into valuable products
Founded in 2007, Selfrag specialises in the development and marketing of high-voltage pulse power products.
It offers an alternative approach to traditional methods of crushing and grinding in the mineral processing industry.
The Swiss company is capable of recycling 50 per cent of toxic slag known as “Incinerated Bottom Ash” into useful materials such as metals and minerals through its proprietary technology and full-service solutions.
This increased recycling and recovery rate not only has a positive impact on the environment by decreasing CO2 emissions, but also significantly reduces the amount of waste that needs to be buried in landfills by 50 per cent, claims the company.
The Technology Fund
The Technology Fund is a political instrument of the Swiss government’s climate strategy. The Technology Fund offers loan guarantees to Swiss companies whose novel products contribute to a sustainable reduction in greenhouse gas emissions.
“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,” says Simone Riedel Riley, Head of Technology Fund.