The Mitsubishi Materials Corporation is to set up a new electronic waste recycling operation – MM Metal Recycling B.V. – at Moerdijk in the Netherlands to help it expand its collection of “e-scrap” from across European region.
The New Company, which will receive investment of 4 billion yen and has been established as a joint venture, in which Mitsubishi Materials Corporation has a 90% equity stake and Hanwa Co Ltd has a 10% equity stake. It is planned to be completed in the spring of 2017.
The facility will utilise what it says is “the Mitsubishi Process for continuous copper smelting, a unique technology for smelting metals with the lowest environmental impact in the industry.” Mitsubishi says it has expanded its of e-scrap processing capacity over the last several years and the combined processing capacity of its Naoshima Smelter and Refinery and Onahama Smelting and Refining Co. Ltd, a subsidiary of Mitsubishi Materials Corporation, is now approximately 140,000 tons per year (increased by around 30,000 tons from the previous capacity).
It is understood that the facility in the Netherlands will inspect circuit boards and other waste electronic parts, and ship the recyclable waste to the Japanese smelting and refining facilities for further processing.
The company added: “Under Mitsubishi Materials Group’s corporate philosophy of ‘For People, Society and the Earth,’ we aim to become “the world’s leading business group committed to supporting recycling-oriented society through materials innovation, with use of our unique and distinctive technologies.”