Igneo Technologies, LLC
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Igneo Technologies, LLC - overview
Established
2014
Location
New York, NY, US
Primary Industry
Environmental Services
About
Founded in 2014 and based in New York, US, Igneo Technologies, LLC operates as a recycling company that collects and processes waste from electronic products to extract metal resources such as gold, copper, and palladium. The company also produces electricity from surplus waste. In July 2022, Korea Zinc acquired a 73% majority stake in Igneo Technologies, LLC, for KRW 432. 4 billion.
As of 2023, the company is led by its CEO, Mark Pope. The company provides a technology process that recovers up to 98% of precious metals from electronic waste, such as copper, gold, silver, and palladium, using a multi-staged process while also reducing harmful emissions associated with standard recycling methods. This technique yields a homogenized copper concentrate that outperforms the quality of normally mined copper. The firm specializes in e-waste recycling programs, as well as patented pyrolysis, pyrometallurgy, and energy recovery technologies.
Igneo's operations focus on collecting excess thermal energy for power generation and reintroducing surplus electricity to the local grid. The organization plans to build more plants around the world, starting in the USA.
Current Investors
Korea Zinc
Primary Industry
Environmental Services
Sub Industries
Waste to Energy, Waste Management, Recycling, Pollution Control
Website
www.igneo.com
Verticals
Clean Technology
Total Amount Raised
Subscriber access only
Igneo Technologies, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Igneo Technologies, LLC | - |
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