March 3, 2022 – Binding Solutions (“BSL”) is pleased to announce that BSL has received a significant equity investment from a leading Asian conglomerate active in global trading and project development. The investment will help BSL accelerate the expansion of its operations and development of its project pipeline.
The investment represents a clear endorsement of BSL’s technology by a key participant in the global metals industry. BSL’s technology could be well suited for deployment at a number of our new partners extensive portfolio of assets. BSL’s technology requires low levels of capex and can be bolted on to existing infrastructure, converting previously unviable waste and by-products into usable product that can be rapidly monetized, whilst simultaneously increasing resource efficiency.
Commenting on the announcement Julian Lee, Executive Director & CEO of Binding Solutions, said: “This important investment represents a clear endorsement of Binding Solutions’ technology by a major industry player. We will be working with our new investor, as well as the global steel industry to rapidly apply our technology to dramatically cut carbon emissions and convert wate materials into saleable products.”
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Notes to editors:
Binding Solutions is a fast-growing technology company that has developed a patented process for significantly reducing carbon emissions from metals production, whilst helping the producers of steel and other metals to re-use waste materials, reduce costs and cut emissions of NOx and SOx.
Binding Solutions’ technology is commercially proven, and the company has signed deals with some of the world’s largest steel producers. The production of steel is responsible for approximately 8% of global carbon emissions and, through the use of Binding Solutions’ technology this could be reduced by up to 17%.