Zincovery Secures $12M to Revolutionize Zinc Recycling & Combat Hazardous Steel Waste

Zincovery is excited to announce that we have successfully raised NZD 12,000,000 in our latest funding round—an achievement that marks a pivotal chapter in our journey to revolutionize the zinc recycling industry. As a New Zealand-based startup, we are driven by our mission to transform the current practices of the steel recycling sector, where over 10 million tonnes of hazardous dust waste are generated annually. This waste, despite containing an estimated USD 10 billion worth of zinc, is either landfilled or recycled via processes that are not only expensive but also leave a significant carbon footprint—yielding zinc with twice the CO2 emissions compared to mined zinc. With this new funding, Zincovery plans to advance its pioneering technology that promises to recover zinc in a more efficient and environmentally friendly manner. Our innovative process is designed to lessen the environmental impact while reducing costs, thereby addressing the dual challenges of sustainability and economic viability in waste management. The raised capital will be utilized to scale up our pilot projects, further refine our proprietary recycling techniques, and expand our research and development efforts to optimize resource recovery. Additionally, we will invest in state-of-the-art infrastructure that enables us to test, validate, and eventually deploy our technology at a commercial scale. We believe that this investment not only reflects the confidence of our investors in our vision but also signals a significant step forward in how industries manage hazardous waste and resource recovery. Zincovery is poised to set new industry standards, and we are grateful for the support that propels us closer to creating a cleaner, more sustainable future for the global recycling and steel industries.