Romco Group is expanding its recycling activities from aluminium into copper at its facility in Lagos, Nigeria, the company said on Tuesday March 28, to help with the global push for a zero-emissions “circular economy.”
We’d like to congratulate Team 4 — Samir Soares, Stephen Marr, Mina Kazemi, and Salim Ubale for winning the SusHy CDT Stakeholder Challenge!
Romco Group Ltd, a leader in sustainable commodity production in Africa, announces the expansion of its product range to include premium copper ingots.
As the world faces a climate crisis amidst a shortfall of both energy supplies and critical metals, difficult decisions are being made to meet growing supply gaps without risking new dependencies on unsustainable producers or compromised geopolitical actors. A problem for some; especially in light of the Russian invasion of Ukraine.
The ‘Stakeholder Challenge’ begins this week — a two-week research challenge issued to PhD students from the Sustainable Hydrogen Centre for Doctoral Training (SusHy CDT) in collaboration with The Community Revolution and Romco to develop a zero-carbon green hydrogen solution for the sustainable recycling of non-ferrous metals.
Raymond Onovwigun can hardly be accused of green-washing. Eight years after setting up Romco Group, the company says it is the third largest aluminium recycler in Nigeria, melting tin cans, old car engines and other discarded debris into ingots that it sells to international motor and telecoms companies.
Raymond Onovwigun, Romco Group CEO & Founder, argues in AlCircle's "Innovators and Trendsetters of the Aluminium Industry" Report 2022, that expanding the market share of secondary aluminium is in the best interests of the globe’s green transition.
Congratulations to Romco CEO & Founder Raymond Onovwigun for winning the Rising Star Award at the National Recycling Awards 2022!
Romco Group is proud to announce they have been selected by HolonIQ as part of their Europe Climate Tech 200 – an annual list comprising of Europe’s most promising Climate Tech startups.
the EU’s Carbon Border Adjustment Mechanism will tax importers €75 per mt of CO2 (the product’s embedded carbon emissions). With regards to aluminium, this equates to 1,350€ per ton of primary, whether imported or produced in the EU. The value of this tax is projected to increase to €100 per mt of CO2 by 2030. How are you prepared?
The global need to decarbonise energy production, particularly for the metals production industry, is now impossible to ignore. In terms of limiting global warming to 1.5C, while progress has been made, pledges and subsequent efforts fall significantly short of achieving the ambitious climate agreement. It’s clear that fulfilling the Paris Climate Agreement requires equally ambitious solutions. One key sector to consider is the energy industry - particularly as it relates to metals production - as energy is the primary driver for the carbon footprint of metal production.
Last week, Romco CEO & Founder, Raymond Onovwigun, was invited to speak at both COP27, in Sharm El-Sheikh, for a ThinkIn titled "Living in a heating world: lessons from the global South", hosted by Tortoise Media in conjunction with the ONE Campaign, and TXF Geneva 2022: Commodity Finance & Natural Resources Conference as a part of a panel discussing "Base metals: The good, the bad, and the lack of investment".
Increased energy prices for the production of aluminium, a material with notoriously high power consumption, are reducing profit margins to a razor thin line for a range of primary aluminium producers, if not already sending some smelters into the red. The stage is set for lower-cost low-energy substitutes, like secondary aluminium and hydro-powered aluminium smelters, to help fill the gaps in the market.
Keith Wildie, head of trading at Romco Group, joins BNN Bloomberg to explain why a ban by the London Metal Exchange on all metals from Russia could have “a catastrophic impact” on prices, even if physical metal continues to flow globally.
Selected from a global pool of over 200 applicants, Romco Group has been nominated as a finalist for the 2022 FT/IFC Awards in the Climate Solutions category.
“Romco’s metals recycling forges a new value chain for Africa” Publication: Daily Express Author: Maisha Frost 21-Sep-2022 Link: https://www.express.co.uk/finance/city/1672347/romco-metals-recycling-africa-value-chain
VIDEO: “Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa” Publication: Reuters 13-Sep-2022 Link: https://www.reuters.com/video/watch/idOV497613092022RP1
“Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa” Publication: Reuters By Angela Ukomadu 13-Sep-2022 Link: https://www.reuters.com/business/energy/scrap-metals-recyler-romco-eyes-green-hydrogen-power-furnaces-africa-2022-09-13/
“In Nigeria, finding value in waste recycling” Publication: Japan Times By AFP 13-Sep-2022 Link: https://www.japantimes.co.jp/news/2022/09/13/world/nigeria-recycling-waste/
“In Nigeria, finding value in waste recycling” Publication: AFP (Via RTL Today) By Louise Dewast 13-Sep-2022 Link: https://today.rtl.lu/news/science-and-environment/a/1965489.html
Romco's first Asset Match auction is officially open and closes on September 27, 2022. Romco trading opened at 65 pence per share, with a 0.50 pence per share ticket size, giving new equity holders an opportunity to trade liquidity on the secondary market to other shareholders.
A chronological breakdown of Romco's highlights, achievements, milestones, and results.
Romco proving strength of model by achieving 7th consecutive quarter of growth, increasing revenue by 108% despite significant market pressures. Accelerated fundraising strategy underway as Romco sees increased demand from global supply-chain disruptions and widespread market stresses.
Publication: BBC Commentary from Keith Wildie, Romco Head Of Trading By Chris Baraniuk Technology of Business reporter 3-May-2022
Publication: Recycling Today By Brian Taylor Senior Editor 19-April-2022
Page 3-5, Romco profile piece — interview with Raymond Onovwigun, Romco CEO Publication: Global Recycling — Volume 8. 1/2022 By Brigitte Weber Editor-in-Chief 1-April-2022
Page 26-27, Romco profile piece — interview with Raymond Onovwigun, Romco CEO Publication: Recycling Magazine — Winter 2022 By Michael Brunn 1-April-2022
Commentary from Keith Wildie, Romco Head Of Trading Publication: Telegraph By Louis Ashworth 30-March-2022
Publication: Yahoo! Finance 22-March-2022
Live Broadcast with Keith Wildie, Romco Head Of Trading Broadcaster: Fox Business, The Claman Countdown By Liz Claman Fox Business Show Anchor 22-March-2022
Stellar year of growth for Romco Group sees 18,000 metric tonnes recycled during 2021, revenue reaching US$29.4 million and over 35,000 metric tonnes of CO2 emissions saved.
Podcast Interview with Keith Wildie, Romco Head Of Trading Publication: MarketPlace By Matt Levin 21- March-2022
“Is the Nickel Market Broken?” Commentary from Keith Wildie, Romco Head Of Trading Publication: New York Times By Andrew Ross Sorkin Columnist 18- March-2022
Romco Group Head of Trading, Keith Wildie, featured on BNN Bloomberg today, discussing the current nickel crisis with Andrew Bell. Have a watch here.
Commentary from Keith Wildie, Romco Head Of Trading Publication: Fortune By WILL DANIEL Financial Report 17- March-2022
Commentary from Keith Wildie, Romco Head Of Trading Publication: Bloomberg By Mark Burton Metals Reporter 16- March-2022
Publication: Bloomberg By Mark Burton Metals Reporter 1- March-2022
Romco, an international metals recycler producing clean and sustainable essential metals that decarbonise the global supply chain, has announced a $6.2million investment to expand its operations and immediately drive revenue growth.
Russia's invasion of Ukraine is expected to have a significant impact on global aluminium supply and prices, while the news sent nickel prices on the Shanghai Futures Exchange to a historic high Feb. 24, and benchmark natural gas prices jumped as much as 41%.
Publication: Yahoo! Finance 1- December-2022
Q3, 2021 marks another stellar quarter of consistent growth for the group, with revenue reaching a record-breaking US$9.1 million, and our teams recycling over 5000 metric tonnes for the first time in our history (5257 mt — 220% Q3, 2020).
In Fiftyfaces Focus Nigerian Voices Podcast launched today, Aoifinn Devitt dives deep into Romco CEO and Founder Raymond Onoviwgun's upbringing, how the business came about, the unique aspects of being a dual national Nigerian / UK entrepreneur, and some of the greatest challenges Raymond has faced building Romco. It's an insightful delve into the mind of our founder Raymond, and a special look into his character, what motivates him, and what's next for the fast-growing recycler.
Methane is now finally on the agenda… Why is it so important and why do we care so much about it at Romco?
Publication: Recycling International By Kirstin Linnenkoper 8- October-2021
Publication: Materials Recycling World By ANDREA LOCKERBIE Metals Reporter 1- October-2021
Commentary from Keith Wildie, Romco Head Of Trading Publication: Bloomberg By Mark Burton Metals Reporter 1- October-2021
