Sircel CEO Anthony Karam. Source: Supplied
Australian e-waste recycling venture Sircel has secured a $5 million investment from Kilara Capital, helping it retrieve precious materials from discarded technology and tackle the pernicious problem of old solar panels.
E-waste refers to the extractable and recyclable materials contained in discarded electronics like televisions, computers, and digital business infrastructure.
The federal government estimates the value of materials in e-waste reached $820 million in 2019, but only $145 million of that value was captured before those discarded goods hit landfill.
Australia contributes a particularly high level of e-waste per capita, CEO Anthony Karam told SmartCompany, posing a significant opportunity for waste agnostic processors like Sircel.
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