Schrott24 SIGNED

Project "Schrott24" data sheet

The following table provides information about the project.

 Partnership

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Map

 Project objective

The production of primary raw materials, such as metals, requires widespread and large-scale mining. This involves heavy processes and chemicals with harsh labour conditions, substantial transport and pollution emissions. Waste from extractive processes is one of the largest waste streams in the EU (727 million tonnes p.a.), with certain fractions containing high concentrations of toxic substances including heavy metals. The mining and processing of virgin materials is a leading cause of deforestation and requires huge amounts of energy and water. Furthermore, these processes account for 7% of global energy consumption and contribute substantially to carbon emissions. The widespread use of secondary (recycled) raw materials is crucial to addressing this global challenge. The European metal recycling industry has the potential to be a major contributor to a sustainable future for the EU. However, it is outdated, offline, and inefficient, leading to low recycling rates even for valuable commodities. The Schrott24 Platform is an intelligent online marketplace that digitises and automates large parts of the industry for scrap metal and recycled metals. It dynamically matches buyers and sellers to optimise outcomes for both parties, aligning the European scrap trading market with the digital single market. We use advanced pricing and matching algorithms, matching the seller of a certain metal scrap, with a certain logistics need, with the most efficient recycling solution. This can be a local scrap yard for a small electrician with 500kg of copper cable waste, or a specialized aluminium smelter that is in need of a specific alloy in the yard of a scrap dealer unknown to them. With the integration of transport service providers, they are not only matched, but we can facilitate the whole process, to ensure the fulfilment of the clients’ needs. Schrott24 is disrupting the industry, allowing it to deliver a sustainable, circular economy for raw materials in the EU.