Lefebvre Industri-AL secures CAD $7.5 million investment to further develop its groundbreaking aluminum recycling technology, RAME®, aiming for significant environmental and economic impacts in the industry.
Information on the Target
Lefebvre Industri-AL is a technology company based in Baie-Comeau, Quebec, that specializes in the circular recycling of aluminum residues produced from primary aluminum manufacturing. The firm recently closed a CAD $7.5 million investment round, aiming to enhance the commercialization of its innovative RAME® (Eco-Responsible Aluminum Recycling) technology. This proprietary technology is the only process capable of facilitating closed-loop recycling of aluminum residues, including fine particles, from primary aluminum producers without generating greenhouse gas emissions or requiring landfilling. By recovering a greater amount of aluminum than traditional methods, RAME® provides both environmental and economic benefits to smelter clients.
Industry Overview in Quebec
Aluminum is an essential metal that is known for its lightweight, durability, and infinite recyclability. However, its traditional production methods are energy-intensive and generate significant waste. The industry in Quebec is increasingly focusing on sustainability and circular economy practices to reduce its carbon footprint. Innovations such as Lefebvre Industri-AL’s RAME® technology play a crucial role in this transition, promoting the recovery of aluminum residues and reducing reliance on fossil fuels.
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Quebec has a history of fostering green technology initiatives, particularly in the aluminum sector, which is vital to the province's economic landscape. The focus on decarbonization and adopting innovative solutions is not only essential for meeting climate t
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Disclosed details
Transaction Size: $6M