startupWorld

The new gold rush is in the trash: up to 80,000 euros of profit per day

This startup earns 80,000 euros a month by extracting gold and copper from the devices we throw away. Every year 50 million tons of electronic waste are thrown away, and only 15% is recycled. Technological devices contain metals precious, from gold to copper, that are worth a lot of money. It is a 55 billion € business.

An Australian startup has managed to automate the entire recycling process. We have a small treasure at home in the form of gold and other precious metals, which we do not realize. It's not worth much to us, but if thousands of these little treasures are collected, they can become a profitable business. There are already startups that earn 80,000 euros a day by recycling electrical devices that they collect from the trash.

The technology industry is set up so that you change your mobile phone, smart speaker, headphones, charger, television and computer almost every year. And so 50 million tons of electronic waste accumulate in landfills, abandoned fields, and users own homes or garages.

Only 15% of electronic waste is recycled, which represents a major environmental problem, because this electronic waste is basically plastic and metals that take hundreds, thousands of years to degrade, and some of them are also toxic.

This is how electronic waste is recycled with total automation.The good news is that recycling electronic devices can be a very profitable business, if done on a large scale. It is estimated that there are 55 billion euros in precious metals, waiting in the trash. So, hopefully, more and more companies are going to get into this business.

A Sydney startup called Mint Innovation, which has managed to develop a 100% automatic electronic device recycling method. Thanks to him he makes profits of 80,000 euros a day.

Mint Innovation employs a legion of scrappers across the country, many of them self-employed, who extract electronic devices from the trash and dismantle them into basic parts.

This electronic waste is transported by trucks and other means, to Mint Innovation facilities. The scrappers themselves already earn thousands of euros for each batch, so their work is also a profitable business.

This company has developed dozens of specialized machines, as seen in the video, that separate the components, depending on the type of device. Then it applies a kind of "paste" that, upon contact with electronic waste, is capable of separating valuable metals and minerals from the rest.

The entire process is automatic, but this market still needs thousands of workers who are in charge of searching for and dismantling this electronic waste.

We consume more and more technology, so it is necessary that we find a way to recycle it, because precious metals and minerals are a scarce commodity on the planet. Mint Innovation has found a way to do it, but build the recycling chain necessary to work on a large scale.

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