Scrap copper sits in a heap ahead of recycling at a metal refinery. Descycle says its technology could revolutionise the metals industry, Getty Images
Scrap copper sits in a heap ahead of recycling at a metal refinery. Descycle says its technology could revolutionise the metals industry, Getty Images
Scrap copper sits in a heap ahead of recycling at a metal refinery. Descycle says its technology could revolutionise the metals industry, Getty Images
Scrap copper sits in a heap ahead of recycling at a metal refinery. Descycle says its technology could revolutionise the metals industry, Getty Images

Striking gold in a landfill: How one company recycles metal for use in hardware


Matthew Davies
  • English
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As the great and the good in the world of artificial intelligence gathered at the CogX Festival in south-east London this week, a few spoke on the environmental impact of the coming acceleration of the technology.

Exponential growth of AI will require many more than the world's current 8,000 data centres. Also, the hardware needed in the coming years will be far more complex.

This means more metal – a lot more metal.

More copper wire and plating to conduct electricity, more gold for high-speed connections and more palladium for power delivery.

So how can this demand be supplied without a huge increase the smelters and toxic chemicals needed to process these metals?

'Implementing science fiction'

One high-tech company believes it has the answer: dissolve the metals currently in electronic waste and recycle them in a way that is environmental friendly.

“We’re implementing science fiction,” said Leo Howden, managing director and co-founder of Descycle.

“We’ve taken over 20 years of discovery and innovation in a new field of chemistry and created a catalyst for profound change in the metal industry.”

Descycle creates technology based on a new class of chemistry known as deep eutectic solvents, or Des, that are mixtures of organic, biodegradable and recyclable commodities.

“Des can take a metal and transform it so that it’s able to move into a liquid, just like a cube of sugar dissolves in a cup of coffee,” Mr Howden told the CogX Festival.

Leo Howden, co-founder of Descycle, at CogX festival in London. Matthew Davies / The National
Leo Howden, co-founder of Descycle, at CogX festival in London. Matthew Davies / The National

Des are made of elements such as carbon, oxygen, nitrogen and hydrogen which, when combined, become liquid because the energy that is holding them together drops.

“And this liquid loves metal ions,” Mr Howden said.

“It loves them so much that when we put metal into the solution, it dissolves.”

That means the metal in e-waste such as old circuit boards can be recovered without the need for high temperatures in energy-hungry smelters or toxic chemicals that might draw the metals out.

Currently, only 17 per cent of e-waste is recycled. The rest goes to the landfill or is sent to underdeveloped countries where it eventually seeps into the environment.

Descycle's technology cannot only tailor the process to take one metal out or leave another behind, but it also means the process can be achieved on a much smaller scale.

“We can recover a range of different metals but crucially without the associated environmental impact,” Mr Howden said.

“The waste that’s generally thrown away is an amazing opportunity to recycle metals from one generation to the next, creating a circular economy.

“If you want copper for electrification, we can get the copper out. If you want nickel, cobalt, manganese for electric vehicle batteries, we can get that out, too.”

Mr Howden believes that without recycling technology such as Des, the growth in AI and decarbonising products such as electric vehicles could lead the world down a difficult environmental path.

“Globally, over 50 million tonnes of electronic waste is produced every year and that’s forecast to double in the near future,” he explained.

“If you want to visualise that, think of 125,000 jumbo jets stacked side by side – more jumbo jets than have ever been created. It’s an environmental emergency.”

Company%20profile
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The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

Results

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The Baghdad Clock

Shahad Al Rawi, Oneworld

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

'Ashkal'
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F1 2020 calendar

March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.

500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

UAE currency: the story behind the money in your pockets
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Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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UAE currency: the story behind the money in your pockets
SERIE A FIXTURES

Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)

Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)

Monday Fiorentina v Genoa (11.45pm)

While you're here
Our legal advisor

Rasmi Ragy is a senior counsel at Charles Russell Speechlys, a law firm headquartered in London with offices in Europe, the Middle East and Hong Kong.

Experience: Prosecutor in Egypt with more than 40 years experience across the GCC.

Education: Ain Shams University, Egypt, in 1978.

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UAE%20PREMIERSHIP
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Gremio 1 Pachuca 0

Gremio Everton 95’

Updated: September 15, 2023, 8:52 AM