Taaleri Investments Ltd., Helsinki, said on June 22 it has invested €1.5 million in Tracegrow Oy, Kärsämäki, Finland, which produces organically certified fertilizer from used batteries. Tracegrow intends to use the proceeds from the private placement to build a second production line at its Kärsämäki facility. The new line will expand both the company’s production capacity and product portfolio. The involvement of Taaleri will also support the company’s goal of internationalization.
Tracegrow reports that it already sells its products worldwide in 15 countries and commercial scale production has been running since 2019. Brazil’s AMD Agro began distribution of company products in 2020.
Tracegrow has established a process to convert black mass from alkaline batteries into a sustainably produced fertilizer solution with high CO2 reduction potential. The company said up to 90 percent of the trace elements in alkaline batteries can be reused. The end result, ZM-Grow™, is approved for organic farming in the E.U., U.K., and Australia. Current products supply zinc, manganese, and copper.
Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments.