One and One Green Technologies. INC ($One and one Green(YDDL)$ ), a Philippines-based recycler licensed to import and convert hazardous waste streams into valuable nonferrous metals, recently announced its first supply agreement in Europe, expanding beyond the Asia-Pacific markets.
The Company has entered into a supply agreement with a Madrid-based electronic waste recovery specialist, to source high-quality e-waste from Spain. This supply agreement establishes One and One's first European procurement channel with an initial shipment of 22 metric tons to be delievered to Manila North Port.
This agreement establishes a new supply channel for One and One to participate in Europe's e-waste recycling market, which is being driven by the European Commission's goal of 70% packaging waste recycling rates by 20301. It also meets the high demand for recovered metals in the Asia-Pacific region. According to Precedence Research, the Asia-Pacific region accounted for 39% of the global copper market in 20242, making it the region with the largest share. One and One's expanding of European relationships bridges European material supply to Asian industrial demand. The Company expects to expand its supplier relationships throughout Europe in the future.
"Building relationships with recovered metals suppliers throughout Europe is an important focus for One and One," said Ms. Tina Yan, CEO. "Our partnership with the Spanish supplier represents an important step towards scaling in geography and becoming a global player in the recycled metals industry. Europe generates some of the world's highest-quality e-waste, and our advanced copper electrolysis technology is perfectly suited to extract maximum value from these premium materials. This translates to future value creation for our shareholders as we plan to scale our European operations in the quarters ahead."
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