Vancouver, BC and Delft, Netherlands , Oct. 13, 2020 (GLOBE NEWSWIRE) — Chrysalix Venture Capital, a global venture capital fund with a long history commercializing step-change innovation for resource intensive industries, announces an investment in Sortera Alloys, developers of an intelligent sorting system for the upcycling of non-ferrous scrap metal, including Aluminum, Copper, Zinc and Brass. The system enables accurate, high throughput sorting by metal type and alloy composition through a combination of sensor fusion (XRF, Optical), AI/ML image processing and an advanced scrap feeder design.
“Chrysalix is making the circularity of metals a major theme of our new fund. Primary aluminum production accounts for 1% of global GHGs and to achieve the forecasted global demand and climate change targets, the industry must deliver significant decarbonization,” said Alfred Lam, Partner at Chrysalix Venture Capital. “Sortera’s sorting systems enable the recyclability of aluminum for high-value end products thereby saving up to