Sortera's A.I.-powered technology enables the re-separation of existing streams of aluminum scrap containing a mixture of alloys.
FREMONT, CA: Recycling metal conserves natural resources by reducing greenhouse gas emissions and energy consumption compared to producing metal from virgin ore. Manufacturing new metal generates far more greenhouse gas emissions than producing items from recycled metal. Sortera Alloys, a revolutionary industrial scrap metal sorting and recycling firm powered by A.I. imaging, data analytics, and advanced sensors, has received $10 million in funding led by Assembly Ventures with additional backing from Breakthrough Energy Ventures and Novelis. Sortera is committed to delivering a solution for the aluminum industry's end-of-life circular recycling.
"We are thrilled to have this important investment from Assembly, together with additional funds from Breakthrough Energy Ventures and Novelis," states Michael Siemer, CEO Sortera Alloys. "The funding will be used to help scale our operations, grow the team and provide high-quality metal recycling from automobiles."
Sortera's A.I.-powered technology permits the separation of existing streams of mixed alloy aluminum scrap back into their constituent alloys. The improved metals can be recycled into applications with the highest value, such as automotive cast and flat-rolled goods, building, construction, and aerospace materials extrusions. Since recycled aluminum uses around 95 percent less energy to create than aluminum produced from virgin raw materials, the company's low-cost, scalable production process helps customers to decrease their CO2 footprint and fulfill sustainability and circular production goals.
"Sortera Alloys is a technology driven start-up that could only be created in the industrial heartland," comments Chris Thomas, co-founder and partner at Assembly Ventures. "For decades automotive and manufacturing companies the world over have been working to implement truly circular supply chains. Sortera is poised to power efficiencies in industrial and manufacturing supply chains, and create true circularity of manufacturing inputs, across the Western world."
Sortera will provide Novelis with high-quality, recycled alloy generated from automotive scrap. Novelis will then remanufacture the material into aluminum sheets with a high recycled content for the automobile industry.
Sortera has a 10-acre production site in Fort Wayne, Indiana, with expansion plans until 2022. The company's exclusive technology recovers and repurposes materials previously intended for landfills or recycling as low-quality composite products. The high-quality recycled feedstock is reintroduced to the $10 billion-plus U.S. aluminum alloy feedstock market.
"The partnership with Sortera will allow Novelis to further increase the recycled content in our products, in particular, our automotive materials," states Derek Prichett, Senior Vice President, Corporate Development at Novelis. "This will enable us to meet our own ambitious goals of reducing our carbon footprint, as well as help our customers achieve their own sustainability goals."