Romco Group

Romco Group is a UK-based non-ferrous metal recycler.[1] Romco creates usable recycled non-ferrous metal ingots, reducing the need for raw material mining.[2] Its largest facilities are located in Nigeria[3] and Ghana.[4][5]

Romco Group
IndustryRecycling
FounderRaymond Onovwigun
Headquarters
London
,
United Kingdom
Area served
United Kingdom, Nigeria, Ghana
Key people
Raymond Onovwigun
Websiteromcometals.com

Overview

Romco Group was founded in 2015 by Raymond Onovwigun.[6][7][8] In 2015, the company began recycling and trading non-ferrous metals from Lagos, Nigeria. It has five aluminum furnaces and two copper induction furnaces. In February 2021, Romco Group opened its second non-ferrous recycling facility in Prampram, Ghana, consisting of two furnaces.[9] As of January 2023, Romco Group is headquartered in London. It has two recycling facilities, one in Nigeria and the other in Ghana.[10]

History

Soon after its foundation, Romco Group acquired land and a recycling plant in Lagos, Nigeria.[10][11] In October 2015, the company made its first export of used beverage cans to South Korea.

Two years later, on September 1, 2017, Romco Group made its first 2000 metric tonnes shipment. A few years later, Romco installed five new furnaces at its Nigerian facility.

On February 12, 2021, Romco Metals was opened in Ghana after completing tests in January. On April 19, 2021, Romco was inducted into the United Nations Global Compact.

On June 18, 2021, Romco upgraded to a total of 7 furnaces across the group and, in October, installed CNG in a Nigerian facility to further reduce the carbon emission of operations.[12]

Process overview

Romco sources scrap metal (often referred to as feedstock) from cast scrap traders, commercial waste, landfill collections, vehicles, scrapped industrial equipment, collected cans, remodeled homes, construction sites, and any other general waste facilities via intermediaries, metal merchants, and trade hubs all across the West African region. Romco then sorts this waste into categories for processing and smelts the suitable materials via furnaces into usable ingots that can be recycled back into the automotive, packaging, aeronautical, medical sectors, and more.

Currently, most of Romco's inbound materials are aluminum. However, other materials include copper, lead, and zinc.[13]

See also

References
  1. "Romco Group Ltd - Company Profile and News". Bloomberg.com.
  2. "Romco Group plans expansions this year". April 20, 2022.
  3. DEWAST, Louise. "In Nigeria, finding value in waste recycling". phys.org.
  4. Ukomadu, Angela (September 13, 2022). "Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa" – via www.reuters.com.
  5. "Romco Group plans expansions this year". Recycling Today.
  6. "Ex-London Plumber Taps African Aluminum Scrap as Prices Soar". March 1, 2022 – via www.bloomberg.com.
  7. Frost, Maisha (September 21, 2022). "Romco's metals recycling forges a new value chain for Africa". Express.co.uk.
  8. Linnenkoper, Kirstin (July 28, 2022). "Celebrating global innovators: Let's hear it for the newcomers! • Recycling International".
  9. "Industry overhaul continues as Romco Metals Ltd opens second…". Aluminium International Today.
  10. "Romco group announces its most-awaited expansion for 2022; Aluminium Extrusion, Profiles, Price, Scrap, Recycling, Section". alcircle.
  11. Cave, Andrew. "The Nigerian recycling group making its millions from waste metals" – via www.thetimes.co.uk.
  12. Okonkwo, Omono (September 15, 2022). "Romco Metals targets US$50 million for hydrogen production in Nigeria".
  13. Linnenkoper, Kirstin (October 8, 2021). "Achieving global sustainability starts in Africa • Recycling International".
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