By ET Bureau - February 26, 2023 2 Mins Read
Procurri, a global leader in IT Lifecycle Services and data center hardware, has engaged Igneo Technologies, a subsidiary of Korea Zinc and a global leader in the electronics downstream space, to support Procurri’s global Lifecycle Service operations, by providing end-of-life recycling and e-waste refining services. Utilizing the combined geographic footprint of Procurri, Igneo & Korea Zinc, along with other strategic partners, the two companies are uniquely positioned to provide turnkey and vertically integrated global recycling solutions for their customers and partners.
“We searched for a partner that had a global footprint, the ability to quickly scale, and who shares our core ESG values surrounding the environment and our commitment as an organization to help make the world a better place,” said Evrim Eravci, Global President, Lifecycle Services at Procurri. “Igneo, and their parent company Korea Zinc, share similar core values to Procurri; are driven by providing solutions that are built around environmental stewardship, sustainability, and supporting the circular economy.”
IT equipment managed by Procurri is evaluated for refurbishment and reusability, prioritizing reuse over recycle. Equipment deemed end-of-life will, where practical, now be processed by Igneo or Korea Zinc, leveraging their state-of-the-art facilities. End-of-life electronics will be separated into plastics, ferrous metals, non-ferrous metals, and precious metal bearing. Precious metals and copper-based commodities are processed at Igneo’s facility in France or at Korea Zinc’s Onsan smelter. Plastics, steel and aluminium are sent to end processors to create new raw products that are sold back into the global supply chain to manufacture new products.
“Our goals around the circular economy and building a best-in-class global recycling company very much align with Procurri,” said Danish Mir, Igneo’s Chief Executive Officer. “The core services we provide are very different but align around minimizing waste and giving resources a second, third and fourth chance as products.”
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