EIT InnoEnergy has engaged in another industrial company. The investment in Catalyco will allow to increase the scale of green production of zinc oxide (ZnO) – a raw material irreplaceable in the rubber, ceramics, glass and cosmetics industries.
Solutions developed by Catalyco allow for an effective recovery of zinc oxide from industrial waste streams. The availability of this raw material is crucial for the growth of the European industry. More than half of ZnO produced globally is used in the production of rubber and tires, while many other sectors are also unable to replace zinc oxide in their production processes. The ZnO market is projected to be valued at approximately EUR 5.2 billion annually by 2025, yet the company’s beachhead market of active ZnO is growing twice as fast and is expected to be worth 1.4 billion EUR.
One of Europe’s challenges lies in a high dependence on zinc oxide imports. Annually more than 70,000 tons of this material, accounting for about 38% of Europe’s demand, is imported to the EU, mainly from China, India, South Korea, Japan and Taiwan, as well as from the United States and Canada. At the same time, substantial reserves of ZnO remain untapped within the by-products and waste streams of both the chemical and metallurgical industries. It is estimated that alternative sources, including local industrial waste, could provide the EU’s markets with access to up to 18 million tons of ZnO per year.