24 Oct 2023
DEScycle chosen as one of Bloomberg UK’s Top 25 Startups to Watch
DEScycle (or “the Company”), the clean tech company developing revolutionary chemistry to disrupt the e-waste metal recycling sector, is delighted to announce that it has been chosen as one of Bloomberg UK's Startups to Watch. This inaugural list was compiled by Bloomberg News editors after canvassing the UK to find startups that represent diversity and innovation.
DEScycle has been picked among 24 other companies out of more than 1,500 applicants, spanning regions across the length of the UK.
Criteria to pick the top 25 startups included: the scope of the problem that is being tackled, creativity of ideas, the traction the company is getting with investors and customers, and its commitment to diversity.
The final list compiles the organizations that Bloomberg News identified as those that are:
the most innovative;
working on something truly unique;
comes from a diverse group of founders from across the UK.
DEScycle’s innovative technology, based on eco-friendly Deep Eutectic Solvents (“DES”), is first being deployed to disrupt the $82bn e-waste industry; then to dramatically improve the impact & efficiency of traditional metal production.
The e-waste recycling technology is currently being showcased as a bench-scale pilot, generating metal recovery rates greater than 99%, for critical and precious metals such as gold, copper, silver and palladium.
Descycle will be hosting investor and strategic partner visits to CPI’s Darlington facility during October and November 2023.
Fred White, CCO of DEScycle commented:
“We are honoured to have been chosen as one of Bloomberg UK’s Startups to Watch, particularly due to the large number of innovative and exciting businesses that exist in the UK. One of our key pillars is innovation; to disrupt a technologically entrenched industry, such as metals production and recycling, a major breakthrough is required, and that’s what we’ve created at DEScycle.
We can finally end the reliance upon high-energy pollutive processes and the use of highly toxic chemicals to produce the metals much needed to transition to a Net-Zero World. Many thanks to Bloomberg, a huge congratulations to our fellow recognised startups and most importantly to the Team here at DEScycle.”