EVERYTHING ROMCO

WHO WE ARE

Romco are a UK multinational non-ferrous metal recycler with an emerging market focus.

We work with the goal of creating sustainability, leveraging the trade industry of metal recycling by creating usable recycled metal ingots for manufacturers of a broad range of necessities, reducing the need for raw materials mining.

Established in 2015, with headquarters in the UK and expansions across continents including Africa, we are a growing recycled commodities enterprise focussed on communal and global impact.

Mission

To reduce global dependence on mining by recycling our way to a sustainable future.

We have a global waste problem — there is too much raw materials mining creating devastating environmental damage. 

By collecting renewable waste from landfill, particularly within burdened developing nations, we recycle and refine those discards into usable materials for the manufacturing of necessities like packaging, vehicles, medical equipment, and construction supplies, and reduce the need for irresponsible virgin mining.

VISION

To become a global leader in the processing and trading of secondary materials to achieve ‘full global recyclable capacity’.

Eliminating the impact of destructive materials practices requires boldness, integrity, efficiency and a one-track sustainable mindset.

We are meeting the demand for massive energy and environmental conservation with ambitious investment in recycling production growth in emerging markets where the most neglect and irresponsibility occurs.

GOVERNANCE

Romco Group has adopted the Quoted Companies Alliance (‘QCA’) Corporate Governance Guidelines as an enabler of the company’s long-term success and development. 

We exist in accordance with the QCA guidelines as we grow to become a major distributor of non-ferrous metals across continents.

Romco’s success is pivotal on strong governance, principles of communal good, and adherence to our core values.

VALUES

Our values are not just words, they are everyday decision-making tools critical to our success.

Integrity, Efficiency, Boldness, and Sustainability are the primary values we use to determine our direction.

They underpin every crucial Romco decision from inception to date, and are owed the lions share of praise for our achievements.

CORPORATE RESPONSIBILITY

Corporate responsibility doesn’t start and end with managing a supply chain. It means investing boldly and fairly in everyone involved in the process.

It’s about being stewards of individuals, communities, and the environments we operate in.

Our ethics demand we take responsibility for what’s in front of us, so our focus starts with individuals:

  • No matter the job, gender, age, sexual orientation or race, everyone in The Romco Group has equal access to health, safety, personal development, fair pay, and growth opportunities.
  • We are committed to paying at above the national living wage in measurable sectors within emerging markets.
  • In nations or regions where healthcare is not publicly available or free, underfunded and/or insufficient, we have committed to the funding and provision of private healthcare insurance, or appropriate equivalent, for every employee in the Romco Group. Quality care for the health and safety of our staff is a top priority and the minimum we can do for those a part of our vision.
  • We recently launched a personnel growth initiative, ‘The Pursuit Program’, for all staff, which funds studies at a local technical school for the advancement of technical job skills to help individuals reach their career potential — even if it’s not with us.
  • Romco are funding an internship program for local metallurgy students to apply their trade and learn a practical skills application in the renewable metals market. Guiding bright talent into sustainable metals production instead of raw materials mining is critical to the reduction of toxins, co2 emissions, harmful waste and irresponsible practice we want to see in our communities.
  • We are proactively anti-child labour, including inspections of our broader supply chain. Child labour is a serious problem, albeit sometimes a less obvious one from a UK viewpoint, so Romco have taken overt measures to ensure no individual is taken unfair advantage of in developing nations.

 As we’re working in developing markets in of amelioration, we also take responsibility for broader communal impact. We’ve made the bold decision to invest tangibly in the small businesses we work alongside — helping to create thriving local businesses in the sustainable sphere. 

We have launched a local buying program for small businesses to access funds for growth and trade in the renewables sector. 

We have spent over £2million to date helping small businesses in our communities increase their agency and prosperity for future development and trade, helping see more successful, cleaner, and healthier communities around us.

Accreditations

The Romco Group is ISO 9001 and ISO 14001 certified.

ISO accreditations confirm management systems, manufacturing processes, services, and documentation procedures meet international quality standards to ensure consistency.

PRODUCTS & SERVICES

ALUMINIUM

Aluminium (Al) is the product we recycle most. We currently produce UBC, Alloys ADC12 and 226. These are used for manufacturing, food & beverage containers, medical equipment, and much more.

Recycling it is also one of the most effective things we can do to reduce carbon emissions and power usage around the world.

Recycling aluminium reduces toxic landfill, replaces plastic, and prevents more than 90 million tons of carbon dioxide from being released into the atmosphere each year.

ALUMINIUM FACTS

  • Raw production is responsible for over 3% of global power usage.
  • 100% recyclable, unlimited recyclable lifecycle.
  • Recycling uses 95% less energy than mining and emits 92% less Co2.
  • 1mt recycled saves 8mt of bauxite emissions.
  • 75% of global aluminium is currently recycled, but 100% is theoretically achievable.

COPPER

Copper (Cu) is the newest addition to our Romco Metals production line.

It’s versatile, valuable, and anti-viral.

We started recycling copper in 2020 and are yielding impressive results already. We have big plans ahead for secondary copper production and look forward to increasing our quota as the market dictates.

More can be found about our copper diversification here.

COPPER FACTS

  • Copper has the highest electrical conductivity of any metal, apart from expensive silver, ensuring consistent demand.
  • 100% recyclable, unlimited recyclable lifecycle.
  • Mining and refining (purification) of copper produces dust and waste gases, such as harmful sulphur dioxide, which are virtually non-existent from recycling production.
  • Recycling uses 63% less energy than mining and emits 65% less Co2.
  • It is much cheaper to recycle old copper than to mine and extract new copper and recycled copper is worth up to 90% of the value of original copper.

OTHER METALS COMING SOON...

At present, we produce non-ferrous materials, but we plan on expanding other base metals such as lead, zinc, and steel, all the while sustaining environmental conservation by sourcing from renewable feedstock.

SALES SERVICE

Our whole range of secondary materials are supplied to trading partners with recognised supply agreements on a trade-by trade basis. We have significantly increased our supply output to support high demands for 2021, and welcome new trade enquiries.

Click here to make an enquiry and talk to one of our traders.

WHY TRADE WITH ROMCO?

  • Competitive pricing
  • Large production supply and feedstock demand with 3000mt capacity a month.
  • All shipments and purchases are insured with AXA for additional financial security
  • Partnered with Minehub™ Block-Chain Technology for 100% tracked supply chain ensuring to-the-minute trail and trade accuracy
  • Advanced logistical efficiencies with global network of traders.

OPERATIONS OVERVIEW

Romco is a multi-national organisation, operational over three continents and managed in London, UK. 

With one plant fully functional in Nigeria, one under construction in Ghana, and shipping all over the world, we are proving our emerging markets model is replicable and scalable. 

Our operations are focussed on local market access, consistent feedstock acquisition, structured investment in new recycling tech, company-wide skills training initiatives, world-class product quality, trading access & efficiencies, strong governance, and ambitious growth activity.

 

PERFORMANCE OVERVIEW

2020 was been our best year yet, but 2021 is looking even better.

Romco Ghana was officially opened in February 2021, and we now have five furnaces operating across two countries, installing a sixth furnace (in Ghana) and building to full capacity across the board. Romco opened a Trade Hub in Dubai to increase trade efficiency and have started working in Burkina Faso to build a permanent presence for feedstock sourcing. 

Demand for our low emissions recycled materials continues to increase with record prices in copper and aluminium. 

Organisational Structure

CEO - RAYMOND ONOVWIGUN

Raymond Onovwigun is the Co-Founder and CEO of Romco and helped conceptualise the idea after realising the growth that was unfolding in emerging markets, in particular Africa.

EXECUTIVE DIRECTOR - Richard Creitzman

Richard has spent over 25 years organising financing in emerging markets as a Corporate Finance professional at international banks ING & West LB and commodity traders & producers Coalco, Sibneft & Vitol.

BOARD MEMBER - PAUL GRIFFITHS

Paul Griffiths is an experienced Executive/Non Executive director having worked alongside Sir Stelios Haji-Ioannou (easyJet Founder) and Brent Hoberman (Lastminute .com Co-Founder).

BOARD MEMBER - SVEIN NODLAND

Svein Nodland brings more than 30 years Board and Senior Management experience from different Continents to the Company. A seasoned and respected executive with international firms.

CFO - MAYA SOFRONIOU

Experienced CFO with over 14 years as Executive Director, Corporate Finance, Corporate Law and Accounting positions in global groups managing across multiple jurisdictions.

PRODUCTION PROCESS

Recycling metals has been around since the Romans, but never been more important than now.

This is the basics of how we do it today:

STAGE 1

STAGE 2

STAGE 3

SUSTAINABILITY

Sustainability is why we got into the recycling business.

We see recycling as the most important sustainability tool for solving the world’s biggest problem: a polluted, warming earth, with decreasing fauna, flora, and natural resources.

Developing recycling infrastructure where it doesn’t currently exist is one of the most effective things we can do to reduce pollution, protect our ecosystems, and ensure a liveable and beautiful planet for everyone.

Through our recycling process we save over 33,000 mt of CO2 every year. For each tonne of secondary aluminium we produce, we save up to 12 mWh of power, 4 mt of carbon emissions, 8 mt of bauxite from the atmosphere, and clear 7.6 m³ of landfill.

Through our recycling process alone, we save 25,000 metric tonnes of CO2 every year.

For each tonne of recycled aluminium produced we save up to 12 mWh of power, 4 metric tonnes of carbon emissions, 8 metric tonnes of bauxite from the atmosphere, and 7.6 cubic meters of landfill, as compared to primary production from virgin materials mining.

Our collective work is to reduce global dependence on mining by way of recycling and smart waste management, all the way to a sustainable future.

Our overall bid is to make the planet more sustainable through recycling, with the vision of achieving ‘full global recyclable capacity’. We plan to achieve this by expanding and sustaining our structured growth across all continents.

STRATEGY

Our investment strategy is best interpreted through our tagline: ‘Invest. Reduce. Grow.’

We want to dominate the renewable metals market by investing in equipment, plants, people & the environment, in a structured and bold way to produce more recycled materials for the growing metals market; thereby reducing the demand for virgin mining, and growing a profitable sustainable business in the renewables sector helping create a more liveable, beautiful planet.

We invest to reduce and grow.

WHY EMERGING MARKETS?

Our particular strategic focus is on the emerging markets in developing nations because of the excess of feedstock, huge amounts of discarded waste as a result of irresponsible practices, and immediate positive impact we can make.

We also take advantage of our natural strengths and ties in West Africa, alongside our UK-based governance and networks, to leverage a strong and profitable business model which is scalable, sustainable, and set for large structured industrial expansion

COMMUNITIES

The Romco world is large, but our focus is small.

Investing in communities means investing in people – above average wages, technical skills training, healthcare, internships, and most importantly safe practices. We want everyone to see a better future.

As we invest in the growth of our people, so too will their communities grow— all in line with our ethical, responsible, and structured approach.

More detailed information about our community approach can be found in our ESG Report.

GROWTH FORECASTS

We invest to reduce the harmful effects of mining, but that’s only possible if we grow.

The metal recycling market continues to grow alongside the industry’s increasing awareness of efficient utilisation of natural resources. The rapid industrialisation, growth in infrastructural activities, and urbanisation in developing countries is enabling the growth and demand for metal products.

Our picture is no different.

Our investment in new equipment, plants, people, and trade links is yielding strong growth that is allowing us to expand our production and diversification capabilities.

DIVERSIFICATION

We are growing, and so is our product range.

Until 2020, The Romco Group only recycled aluminium… Not now.

Expansions have seen Copper incorporated into our production line and we are already seeing that diversification investment achieve strong profits.

Other base metals such as lead, zinc, steel, and rare earth metals are in the plans to increase profitability and protect the business model against shifting metals prices.

Diversification is a key element to achieving our wholistic vision of recycling our way to a sustainable future.

LATEST INVESTOR REPORT

Investor Reports will only be available to current investors. Please contact us if you would like more information.

OVERVIEW

We’ve decided to become big reducers.

We are living with the disastrous effects of irresponsible management of the finite resources of our planet. The effects are getting worse.

Raw materials mining and poor resource practice is responsible for the destruction of our eco-systems, air quality, land, water, ocean cleanliness, habitats, fauna, temperatures, forests, and lives — our home. 

We are liable, and charged with the responsibility to change that.

Increasing recycled materials supply to the point of ‘full global recyclable capacity’ is imperative in reducing (and eliminating) the reliance on raw materials mining for our means.

Meeting this one goal alone would dramatically reduce landfill, carbon emissions, power usage, toxins, plastic reliance, air pollution, environmental destruction, and effects of climate change.

To grow, we must become reducers. 

Romco work towards this goal with investors, traders, and manufacturers across continents, collectively reducing global dependance on raw materials mining by way of recycling and smart waste management. There’s so much more to do, but we’re on our way.

BY THE NUMBERS

Compared to primary production, we’ve reduced enough CO2 emissions to drive 169,573,000 miles in a standard car, and saved enough power to stop 887 railcars full of coal from being burned.

At the time of writing, August 2021, we have recycled 22,738 metric tonnes (mt) of aluminium. In comparison to primary production (which relies on virgin-ore mining) that represents reductions of:

  • 67,473 mt/CO2 emissions
  • 226,820 mWh’s of Power
  • 138,349 m³ of Landfill
  • 99,792 mt of Bauxite

MORE TO DO

The waste and emissions problem isn’t getting any better, it’s verifiably getting worse. We also believe we have everything we need to fix it if we work together. 

Our plans to reduce environmental impacts by growing our portfolio and capacity are large. We plan to recycle zinc, lead, steel, rare earth metals, and more. We also have ambitions to move beyond the metals market. We recognise plastic waste and the burden it has on our oceans and wildlife as a significant frontier to conquer.

As we aim to become a global leader in the reduction of the reliance on mining, it is imperative we continue to expand our work, partnerships, alliances and lobbying for structural change.

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OVERVIEW

The Romco story has been a story of growth from day one.

Starting with just one small baler five years ago, Romco now operate from three countries, over two continents, with two factories, shipping to over seventeen countries with a production capacity of 3000 metric tonnes of recycled non-ferrous metals per month.

But there’s more to do.

Recycling our way to a sustainable future requires not just smart investment and radical reduction, but bold and persistent growth. We are determined to be a force in the renewable metals market and make serious contributions to the reduction of landfill and contraction of raw materials mining.

BY THE NUMBERS

Some of our recent achievements:

  • 5 new furnaces increasing production capacity over 1500%
  • New factory opened in Ghana
  • Capacity increased from 600mt a quarter to over 9000mt a quarter
  • Copper added to our line
  • £2 million in loans issued for Small Business Buying Program
  • Access to Chinese market
  • Phase two raise for CapEx planning commenced

MORE TO DO

Growth is in our DNA, we don’t expect to stop soon.

We are expanding into new countries, with facilities and operations earmarked for expansion throughout West Africa.  

Some of our eco-expansion plans include carbon capture bricks for local communities, river plastic capture, solar and bio-diesel energy conservation installations, and ‘ending single-use-plastic’ initiatives.

GET INVOLVED

Romco Group’s growth relies on strong governance, corporate stability, transparency, and structure. 

We are taking advantage of our emerging market access, substantial feedstock, and increased demand for recycled materials to further expand our operations and profitability.

You can be involved by Signing up to our newsletter to receive the latest news and updates, or help us grow a more sustainable environment by enquiring about investing.

LATEST NEWS

A chronological stream of all our articles and major industry announcements.

INSIGHTS

Industry insights to make you think a bit more about the wider implications of resource management problems.

MEDIA RELEASES

Company announcements, changes, and board statements.

MILESTONES

Achievements and milestones across the Romco Group.