Sector: Deep-tech
Founder:
Co-investors:
Solid waste is an inevitable by-product of most industrial manufacturing processes, and its disposal can be costly, both for businesses and for the environment. Avertana is a Kiwi clean-tech start-up that is on track to help solve this.
Avertana is a process technology developer and licensor scaling up a proprietary pathway to refine waste slag from the steel industry into a suite of commodity mineral and chemical raw materials used to make everyday products. Their process leaves zero waste, requires no mining, has lowest-in-industry manufacturing cost and substantially lower carbon emissions than legacy technologies.
The concept behind Avertana originated in 2012 with three colleagues from process technology pioneer LanzaTech, which has successfully commercialised and deployed technology to convert metallurgical waste gases into fuels and chemicals. With strong backgrounds in engineering, technology scale-up, corporate finance and business development, the company’s founders proved the technical and commercial viability of their concept and launched Avertana to commercialise the technology in 2014.
