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Sparta Capital Ltd SCAXF


Primary Symbol: V.SAY

Sparta Capital Ltd. owns a controlling interest in a network of independent businesses, which supplies energy-saving technologies designed to reduce energy inefficiencies, achieve reduced emissions and increase operating efficiencies in various industries. Its businesses are divided into three segments: capturing lost waste energy, converting existing waste for other uses and into new consumable forms, and optimizing energy efficiencies. Its subsidiaries include ReECO TECH, Illumineris and SuperNova Performance Technologies Ltd. ReECO TECH collects waste materials with a focus on converting such waste streams into new usable forms. Illumineris has three divisions: the photoluminescent safety products (Safety) division, the comprehensive energy audit (EMD) division and the power-factor correction (Energy Mitigation) division. SuperNova Performance Technologies Ltd. is a division focusing on green initiatives related to combustion, the transportation sector and storage technology.


TSXV:SAY - Post by User

Post by knoxton Feb 21, 2024 9:36am
83 Views
Post# 35890608

Nice

Nice
Sparta Reports Massive Processing Potential at Oman E-waste Facility
Accesswire - Feb 21, 2024 10:00 AM AST

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America.

Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

TORONTO, ON / ACCESSWIRE / February 21, 2024 / Sparta Group (TSXV:SAY) (the "Corporation" the "Company", "Sparta Group", "Sparta Capital", "SAY.V" or "Sparta") is reporting that the processing potential at its Oman electronic waste processing facility (ERS International), is almost 7 times what the ERS Toronto facility processes on an annual basis, which could have a significant impact in terms of reducing electronic waste in the country.

The Oman e-waste recycling potential has been widely publicized in Salalah, the capital city of southern Oman's Dhofar province, where the ERS e-waste recycling operation is located.

"A few factors are making it possible for us to have such extraordinary recycling potential at our Oman facility. The country has years of stockpiled e-waste just waiting to be processed, word of our Oman recycling facility is spreading fast to companies in the Arab state who want to recycle their electronic waste and lower their carbon footprint, and our facility in Oman is considered one of the most modern approaches to recycling in the Gulf region, with our highly developed processing technologies. It also helps that the recycling operation has the full support of the Omani government," said Joseph Cimorelli, Director of Global Business Development for Sparta's ERS.

According to the Oman Daily Observer, 2.4 million tonnes of recyclable waste, including e-waste, is generated every year in Oman. For years, Oman has stockpiled or sent obsolete electronics to landfill. Now, with ERS established in the country, outdated e-waste can be diverted from the waste stream and recycled.

The recycling facility in Oman, which spans over a 10,500 square meter area, is versatile in terms of processing. It can handle computers, mobile phones, home appliances, and much more. The ERS processing system allows for safe, effective extraction of valuable materials, such as various metals and plastics.

According to the World Health Organization, electronic waste is "the fastest growing solid waste stream in the world."


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