In 2019, Recycling Solutions sold over 2.2 million tonnes of domestic technology-related waste and 1.49 million m3 of by-products in twenty-two countries of the world, thus implementing the circular economy principles. Sales of technology-related waste increased by 22% compared to 2018. This made possible avoiding additional landfilling of 1.7 million m3 industrial waste (+70% year-on-year).
The company generated USD 32.6 million (+42%) of gross revenue. Over USD 6.8 million (+125% YoY) was invested in “green” projects – in the first place, the construction of a factory for ammonium sulphate processing in Kryvyi Rih (production of fertilizers from a metallurgical by-product). The plant is scheduled for commissioning this spring. In addition, the construction of the pilot waste-to-energy project to utilize coal mine methane at Stepova mine in Dnipropetrivsk region is underway. Also, the equipment of our production sites at steel mills in Zaporizhia and Mariupil and thermal power plants in Burshtyn and Ladyzhyn has been renovated. Our operations with industrial waste and by-products have contributed USD 1.3 million to the state budget.
‘Industrial waste and by-products should become raw materials for the production sector in other industries’, says Dmytro Anufriiev, CEO at Recycling Solutions. ‘Thus, we significantly reduce the technology-related pressure on the environment and consumption of natural resources. It is important that this approach changes the outdated principles of the Ukrainian economy, bringing it closer to a circular economy. Besides, the use of secondary resources is economically beneficial for our customers, partners, and the state as a whole’.
The company cooperates with customers in such countries as the USA, China, Japan, Poland, Germany, Turkey, Singapore, and others. Despite the fact that waste recycling has already been put on the country’s agenda, the high cost of logistics remains a major deterrent to the industry development in Ukraine. Every year, the country spends about 35% of gross revenue on recyclable delivery to the end consumer.