image credit: selffrag
Kerzers, Switzerland-based Selffrag, a manufacturer of high-voltage fission equipment, announced on Thursday, March 9 that it secured over 14.3M CHF (approximately €14.6M) in equity (9.3M CHF) and long-term debt (5M) Is. chf).
The company’s core shareholders contributed to the equity funding, while technology funds and UBS arranged debt financing.
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“All of us at Selfridges are proud to have received such strong support from our shareholders, the Technology Fund and UBS. This funding validates our strategy. “This will help us to further implement our business plan,” says Anton Effentranger, Selffrag’s executive chairman.
use of funds
Selfridges says it will use the capital to accelerate the expansion of its Waste to Value activities.
image credit: selffrag
Selfridges’ Centro Uno project, a 35,000 TPA (tons per year) slag recycling facility in Fulch-Reuenthal, is scheduled to begin production on March 17, 2023.
The permitting process for the Centro Due 45,000 TPA slag recycling scheme in Kergers is also well underway and is dependent on the support of the local and cantonal authorities.
Selfridges expects to begin construction of the plant in the fourth quarter of 2023 and start production by the end of 2024.
Selffrag: turning waste into valuable products
Established in 2007, Selfridges specializes 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 able to recycle up to 50 percent of toxic slag, known as “incinerated bottom ash,” into useful materials such as metals and minerals through its proprietary technology and full-service solutions.
The company claims that this increased recycling and recovery rate not only has a positive impact on the environment by reducing CO2 emissions, but also reduces the amount of waste generated by up to 50 percent.
technology fund
The Technology Fund is a political instrument of the Swiss government’s climate strategy. The Technology Fund provides loan guarantees to Swiss companies whose novel products contribute to a sustainable reduction in greenhouse gas emissions.
“Selfrag is an outstanding addition to our portfolio of Swiss climate-tech innovators. Selffrag’s significant environmental impact, its commercial success, and entrepreneurial drive were convincing arguments for extending the loan guarantee to the company,” says Simone Riedel Riley, Head of Technology Fund .
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