Assist Help Chrysalix Venture Capital find a solution that can economically upgrade end of life steel scrap to high-quality feedstock with low copper contamination. discover an answer that may economically improve finish of life metal scrap to high-quality feedstock with low copper contamination.
The metal business is answerable for about 4% to 7% of world CO2 emissions and is going through vital strain to decarbonize. The progress in the direction of carbon neutrality would require a rise in scrap-based electrical arc furnaces and a safe provide of high-quality feedstock. Finish of life metal scrap is commonly contaminated by tramp parts (e.g., Cu) that originate from copper wires and motors in cars, home equipment & equipment and may result in defects within the closing metal product. The sector is challenged by opposing tendencies within the demand for low high quality, copper tolerant finish merchandise (e.g., building) and top quality, low copper automotive steels and the constraint of accelerating copper contamination of scrap.
By 2025-2030, metal manufactures might want to implement options to handle these constraints. We’re on the lookout for an answer that may economically improve finish of life metal scrap to a high-quality feedstock with <0.06wt% copper content material.
Chrysalix Enterprise Capital will award as much as $250K USD for the successful answer, and profitable, start-up worthy options that obtain the 6-12 month undertaking milestones can have the chance for added follow-on fairness funding of $1M+ from the Chrysalix RoboValley Fund.
Chrysalix Enterprise Capital Chrysalix is a world enterprise capital fund with an extended historical past commercializing step-change innovation for useful resource intensive industries. We spend money on clever methods, vitality know-how and useful resource productiveness options to ship outsized monetary returns and environmental sustainability. By teaming up with main industrial corporations and excellent entrepreneurs, Chrysalix connects market pushed issues to breakthrough options. Based in Vancouver, Canada in 2001, Chrysalix has one of many strongest funding groups within the business with deep vitality, know-how and entrepreneurial experience, and is backed by greater than 20 worldwide blue chip industrial and monetary buyers.