WHO ARE WE?
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 West Africa, we are a growing recycled commodities enterprise focussed on communal and global impact.
To reduce global dependence on mining by way of recycling and smart waste management.
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.
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.
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.
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 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:
As we’re working in developing markets in need 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.
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 (Al) is the primary product we recycle. It is one of the most effective global carbon emissions and power usage reduction practices.
We currently produce UDC, Alloys ADC12 and 226. These are used for manufacturing, food & beverage containers, medical equipment, and much more.
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.
Key Aluminium attributes:
Copper (Cu) is the newest addition to our Romco Metals production line.
We started recycling copper in 2020 and are yeilding impressive results already.
Key Copper attributes:
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.
Metal ingots are supplied to our partners via long-term contracts (redeemable on request) for transformation into food and beverage packaging, aerospace components, auto parts, batteries, copper pipes, structural components for infrastructure, among other uses. We have significantly increased our supply output to support high demands for 2020, and welcome new trade enquiries.
WHY TRADE WITH ROMCO?
We have implemented strong, scalable metal recycling solutions tailored for emerging markets.
The model has proven successful and profitable. The demand for secondary materials is also further increasing.
With plants across two countries, Romco are expanding operational capacity within existing facilities and replicating further into areas it is needed most:
- Where renewable waste materials are excessive, poorly managed, and/or dumped irresponsibly from bad actors;
- Where environmental regulations are not fit for purpose, an all too common problem in developing; nations
- Where earnings are deliverable through market access and operational efficiency
We utilise a variety of processes to achieve our goals, see Production Process for more details.
2020 has been our best year yet. We are on track for a production increase of over 600% from 2019.
This is due to the implementation of our long-term strategic investment plan, seeing 2020 deliver on the execution of new facilities, a new factory in Ghana, smelter upgrades, product diversification and key personnel acquisitions.
The increase in demand for metals in various end-use industries such as construction, electronics, and automotive, alongside responsible corporate recycling quotas, international declarations for the reductions of green-house emissions, and the demand for low emissions recycled materials to replace primary resources, has driven increases in demand for metal recycling.
Due to recent investment, we offer more favourable terms and metals diversity to suppliers, ensuring growth to our operations and performance.
THE EXECUTIVE TEAM
Romco Chairman Neil Buckley is a globally experienced CIO, CTO, C-Suite leader and Board Member having worked in senior executive roles for Bankers Trust, Merrill Lynch, GMAC, ING group, Doha Bank in London, New York, Tokyo, Amsterdam and Doha.
Paul Griffiths is an experienced Executive/Non Executive director having worked alongside successful entrepreneur including Sir Stelios Haji-Ioannou (easyJet Founder) and Brent Hoberman (Lastminute .com Co-Founder).
Raymond Onovwigun is the Co-Founder and CEO of Romco and helped conceptualised the idea after realising the growth that was unfolding in emerging markets, in particular Africa.
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.
Recycling metals has been around since the Romans, but never been more important than now.
This is how we do it today:
Feedstock is sourced from local merchants from various countries and the materials enter one of our processing facilities located in Nigeria or Ghana.
WEIGHING & INSPECTING
Materials are weighed and inspected, and the pre-agreed rate is given to the supplier and customer is paid.
PROCESSING THE NON-FERROUS METALS:
Recycled metal is essential in residential, industrial and commercial uses. Material selection for mechanical or structural applications require some additional considerations. Depending on the end-use, metals can be simply cast into the finished part, into an intermediate form such as an ingot, and then worked (wrought) by rolling, forging, extruding or other processes of deformation.
Sustainability is why we got into the recycling business.
We see the sustainable practice of recycling as the most important strategic tool for solving the biggest problem: a polluted, warming, shrinking world with ever-decreasing limited resources.
We think recycling and the development of renewable resources are crucial to reducing pollution, protecting the ecosystem, and helping ensure a liveable and beautiful planet for future generations.
We do this by focusing our efforts on reducing harmful landfills, carbon dioxide (CO2) emissions, power usage, poor waste management, and other harmful toxin emissions, all made possible by eliminating the need for excessive virgin mining.
Through our recycling process alone, we save 79,000 kilotonnes of CO2 every year. For each tonne of recycled aluminium we produce, 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.
Our investment strategy is best interpreted through our tagline: ‘Invest. Reduce. Grow.’
…What does that mean?
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.
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.
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.
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 are enabling the growth and demand for metal products.
Our picture is no different.
Revenue reached £800,000 in 2018, exceeded £2.5m in 2019, and is now on track for a breakout year of over £10 million for 2020.
Our investment in new equipment, furnaces, plants, people, and trade links is yielding strong growth that is allowing us to expand our production and diversification capabilities exponentially.
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.
We invest to reduce the harmful effects of raw materials mining for a cleaner, more liveable future — but we can’t do it alone.
If you would like to get involved and have an investment enquiry please direct your request through our contact page.
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.
Guided by the three R’s (Reduce, Reuse, and Recycle) 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
We’ve reduced enough Co2 emissions, compared to raw materials mining, to drive 29,000,000 miles in a standard car, or fly around the world 920 times in a Boeing 747.
At the time of writing, August 2020, we had recycled 10,350 tonnes of aluminium. In comparison to virgin-ore mining, that represents reductions of:
That’s the equivalent power needed to power 128,000 computers, or the emissions of the entire Falkland Islands for 1 year and the elimination of the topsoil amount of 87 football fields worth of waste that might have been buried forever.
MORE TO DO
The waste and emissions problem isn’t getting any better, it’s verifiably getting worse.
We believe that needs to change, and that we have everything we need 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.
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.
Our second phase raise, commenced as of April, 2020, in line with our strategic CapEx planning, epitomises our determination 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 2020 achievements:
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. New trade links will potentially see a trade hub developed in Cyprus.
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.
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.
A chronological stream of all our articles and major industry announcements.
Publicly available information on our progress, production, environmental impact, and more.
Industry insights to make you think a bit more about the wider implications of resource management problems.
Company announcements, changes, and board statements.
Achievements and milestones across the Romco Group.