Changeover Technologies, a CleanTech company, has developed an environmentally friendly and economical solution to reduce and recycle wastes, and is now heading towards the commercialisation of its revolutionary technology.
It lets fine, small, tiny, even dust like waste particles, be transformed into pellets, sized and blended with additives or beneficial other wastes to suit the manufacturer’s specification.
The platform technology can be applied to a variety of sectors from mining, industry to agriculture, and it’s plug and play modular concept lets it capture waste at key points within a company’s supply chain. Changeover’s pellets produced from discarded fine particle wastes can be equivalent or better than the original raw material.
The technology has been five years in development, and the breakthroughs made during the R&D stage attracted £5 million in venture capital investment, enabling the company to upscale their research, develop a live test site and laboratory, and then to patenting the pelleting technology. Today they have two patents approved and three pending, covering their binding formula and modular process components.
Changeover’s technology is a green and commercial solution to clean-up and reduce wastes. It’s a win-win for producers and manufacturers, a green environmentally positive technology turning waste cost streams into high performing revenue streams. Turning waste into money.
Silicon and Steel Industries
Changeover’s initial niche target markets are reclaiming and recycling the discarded wastes from high purity carbon production. These high purity carbons are critical to the production of steel and silicon in advanced low CO2, high temperature Electric Arc Furnaces (EAF’s) and can experience 20% to 40% waste streams.
This is a potential obtainable market of $450 million per annum which will continue to grow as traditional Iron Blast Furnaces are replaced with tomorrow’s greener combination Hydrogen & EAF technologies which will require fourfold supplies of high purity carbons.
Silicon and steel are critical raw materials, essential for global sustainability in the production of electric vehicles, solar panels, wind turbines, electronics, lifesaving equipment, and other green technologies.
Understanding Carbon
80% of global carbon is sourced from specialist metallurgical coals that form only 4% of global coal resources. Steel cannot be made from iron without the addition of high purity carbon within it, and silicon cannot be produced from silicon ore without silicon/carbon reactions.
Independent studies by Cranfield University have shown that by adopting Changeover’s technology to recycle these high-quality carbon wastes back into the circular economy, producers and manufacturers can reduce their overall scope 1&2 emissions, delivering greener raw materials from wastes.
Coke, a pure form of commercial carbon, is derived from a finite natural resource, it is listed by the EU CRM association as one of the thirty Critical Raw Materials required for sustainable growth. Sustainability demands that it needs to be used efficiently and effectively.
Independent Testing
Changeover Technologies’ economic and environmentally friendly solution has been independently tested by leading universities and institutes across the UK and Germany. They have confirmed:
- Reduction of damage to the ecosystem by 78%
- Reduction of damage to human health by 81%
- Reduction of damage to resources by 83%
- Reduction of end-users’ Scope 1 and Scope 3 CO2 emissions within the supply chain.
Developments and Opportunities
Changeover Technologies is developing commercial and technical partnerships with British Steel and other high-profile companies in US, Europe, and Scandinavia, with commercial agreements planned for 2023 and first commercial units operating 2024.
The potential for this technology is enormous. Changeover is already involved in technical cooperation with a major Biocarbon group, as Changeover’s technology offers them the ability to reduce the Scope 2-Transport emissions by a quarter.
Within their R&D they have ongoing research into various wastes, with their “Blue Sky” AgriForm® technology, over 3 years in development and now ready to move forward with an industrial partner to take to commercial reality.
AgriForm® is pelletising technology combining electrical utility ash wastes with agricultural and other organic wastes, to produce PH balancing and water retaining pellets for soil enhancement in arid acid soils. This is an untapped potential $Billion market.
These are only a few of the opportunities that awaits Changeover Technologies within a variety of sectors. As they scale up and grow, many waste opportunities will present themselves, to be turned from discarded waste to quality pellets, from costs to revenues.
The future looks green and bright for Changeover Technologies. They are now crowdfunding to propel them to the next stage, commercialisation of their breakthrough technology. Their EBITDA is estimated to be $10 million, forecasting $100 million Exit by 2027.
Share price is £0.04
Pre-money valuation £11,475,552
Equity 4.46%
