Iselin-based BASF Environmental Catalyst and Metal Solutions said its newly launched Verdium, a new approach to recycled metal based on mass balance, will be a game changer.
Verdium will be available to Europe and U.S.-based platinum group metals customers starting in January 2024. Customers will receive the same quality recycled metal from ECMS, but, with Verdium, they can verify their carbon reduction. Documented verification will confirm the amount of recycled metals purchased and applied to select end products, which can be traced to a concrete carbon metric.
Recycled (secondary) PGMs are essential to the supply of platinum, palladium and rhodium, critical minerals used in catalysts, and can lower carbon emissions by up to 97% in comparison to mined (primary) materials. One kilogram of Verdium saves over 30 metric tons of carbon, enabling customers to verify their carbon reduction, track progress to their sustainability goals and help lower their Scope 3 emissions.
Verdium has been independently validated by UL Solutions, a leading global safety science company acting as an independent third party.
“Independent validation by UL Solutions is a testament to our recycled metal approach that sets the standard in the PGM space,” Tim Ingle, senior vice president, precious metal services and recycling, ECMS, said. “It also brings transparency to the PGM value chain, enabling customers to track carbon reduction with accuracy and confidence.”
“We have long been a leader in advancing circularity and sustainability through our metals expertise,” Dirk Bremm, CEO and president, ECMS said. “Recognizing the pressing demand for tangible sustainability progress, we worked in close consultation with our customers to design Verdium as a traceable, audited solution that helps customers make measurable strides toward their goals.”
“We commend ECMS for their carbon reduction efforts. We hope the UL certification of Verdium will help pave the way for ECMS and its customers to achieve their environmental goals and a more sustainable future for all,” Josh Warren, vice president and general manager of the retail and consumer product group at UL Solutions, said.