With its acquisition of TechReset, Quantum Lifecycle Partners will add staff to its Brampton, Ontario ITAD facility. | Courtesy of Quantum Lifecycle Partners
Two recent actions by Quantum Lifecycle Partners deepen the Canadian processor’s involvement in the reuse business and expand its ITAD customer base.
Battery recycling firm Nth Cycle recently raised over $12M to fund commercial deployment of the company’s recovery technology. | DAMRONG RATTANAPONG/Shutterstock
As electric vehicles and lithium-ion battery devices become ever-more ubiquitous, battery recyclers are expanding their operations and improving technology. The following are updates on two startups.
Sims Lifecycle Services opened a 100,000-square-foot redeployment facility in Atlanta, as the company pushes further into the business of managing equipment from data centers. | Mikhail Starodubov
Electronics processor Sims Lifecycle Services is expanding both domestically and internationally, opening a new facility in Atlanta and adding several new shredding vehicles to its German fleet.
Republic Services is set to acquire US Ecology, which disposes of significant amounts of leaded CRT glass. | Michael T Hartman/Shutterstock
US Ecology, which recycles and disposes of electronics and their components, is slated for acquisition by the second-largest garbage and recycling hauler in North America.
The value of used servers skyrocketed 71% over the last three years, according to Cascade Asset Management’s report. | Mikhail Starodubov/Shutterstock
The value of refurbished laptops and servers in 2021 remained higher than pre-pandemic, according to a report from Cascade Asset Management, though laptop prices fell slightly from 2020 highs.
About three quarters of the material EWASTE+ handles consists of IT equipment from businesses and other organizations. | Courtesy of EWASTE+
A recent investment in EWASTE+ will help drive the processor’s growth across the Northeastern U.S., the company president said.
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The settlement with James and Kenneth Taggart comes after nearly four years of legal battling following the 2018 bankruptcy and closure of ECS. | Nikolay Antonov/Shutterstock
James and Kenneth Taggart and their insurance provider agreed to pay $1.35 million to settle a lawsuit alleging they intentionally crippled their e-scrap company to fend off bankers who were angling for a hostile takeover.
On Jan. 18, a federal judge sentenced Jeffrey Zirkle to six months in prison and ordered him to pay nearly $126,000 in restitution to the government for a tax crime. | Chodyra Mike/Shutterstock
After serving two years behind bars, former Total Reclaim owner Jeffrey Zirkle has been sentenced to another six months. This time, he pleaded guilty to stealing hundreds of thousands of dollars from the company and dodging taxes.
At the 2021 E-Scrap & E-Reuse Conference, the “Diving Into Materials Markets” panel featured moderator Adam Shine of Sunnking, Chris Ko of ER2, Kevin Corrigan of Ingram Micro and Brian Diesselhorst of Igneo. | Dan Leif/Resource Recycling, Inc.
Shipments of new devices continue to experience substantial delays due to pandemic-related trends. According to processors, this fact could drive further demand for refurbished devices.
Battery Resourcers is planning a 154,000-square-foot processing facility in Georgia. | Courtesy of Battery Resourcers
Lithium-ion battery recycling company Battery Resourcers will open a $43 million electric vehicle battery recycling facility in Georgia, the company announced.