$One and one Green(YDDL)$ recently announced its plan to strategically enter into the Greater Manila Area’s electronic waste (e-waste) resource recovery market. Leveraging its 1,000,000-ton-per-year hazardous waste treatment permit, the Company will source and process high-value industrial materials, including electronic sludge, copper mud, and nickel mud, from local electronics and plating manufacturers.
This initiative puts $One and one Green(YDDL)$ in a strong position to capture a significant share of the Philippines' domestic e-waste market, which is expected to grow from $9.7 billion in 2025 to $22.4 billion by 20311. The Philippines generated an estimated 537,000 metric tons2 of e-waste in 2022, with studies suggesting3 that up to 80% of it is currently managed by the informal sector using hazardous methods. $One and one Green(YDDL)$ is positioned to serve industrial waste generators in the country's economic center by offering a formal, compliant, and large-scale processing solution that is environmentally responsible.
The Company will utilize its recently updated processing technology to quickly and easily extract copper, nickel, and other important metals from the minerals in the area. This initiative establishes a secure domestic feedstock supply chain that complements the Company's current import operations and reduces its dependence on the global scrap market.
“Securing a significant, high-quality feedstock source in our own backyard is a critical step in our vertical integration strategy,” said Ms. Tina Yan, Chairman and CEO of $One and one Green(YDDL)$ . “Our entry into the Manila market provides a steady stream of materials for our advanced processing facilities and establishes YDDL as a leader in formalizing the Philippines’ e-waste industry.”
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