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TES Agrees Minority Equity Investment with Sojitz

With recent concerns surrounding resource depletion and uneven commodity resource distribution, the resource recycling business is expected to become increasingly important. This investment means TES can combine its extensive capability base with Sojitz's deep experience in metals and comprehensive resource recycling businesses to develop and innovate outcomes for commodities that will become a significant source of raw materials in the coming decades. Sojitz will partner with TES to promote TES services in Japan, and Sojitz's extensive network will leverage TES's lithium-ion battery recycling and energy storage businesses."TES's mission is to make a decade of difference by securely, safely and sustainably transforming and re-purposing 1 billion kilograms of assets by 2030," said Gary Steele, TES' Chief Executive Officer. "Sojitz's experience and shared vision of a more sustainable world make them an ideal partner for TES. The Sojitz investment reaffirms that, and we couldn't be more excited about partnering with them to offer sustainable technology solutions that drive the circular economy in Japan."TES is backed by Navis Capital Partners, one of Southeast Asia's largest private e...