Benzinga | Sep 29, 2021 08:14AM EDT

Harsco Environmental Enters Into Exclusive Relationship With Magsort Bringing World-Leading Technology To Steel Industry

Harsco Corporation (NYSE:HSC), a global market leader providing environmental solutions for industrial and specialty by-products, announced today that its Harsco Environmental division has successfully entered into an exclusive strategic relationship with Magsort Ltd. to bring world-leading metal recovery technology to the steel industry.

Magsort has brought to market an ultrahigh energy crusher for the processing of steelmaking slags, enabling the recovery of higher value metallics. This solution can salvage larger volumes of metal from slag at a higher quality level than traditional solutions.

"With Harsco Environmental's reputation as a world leader in steel slag metal recovery operations, a relationship with Magsort was a natural fit as we are continuously looking for innovative ways to help our customers solve their most pressing environmental challenges," said Russ Mitchell, Vice President and Chief Operating Officer of Harsco Environmental. "Implementing Magsort's solution will allow for increased levels of internal recycling, helping steel makers increase their sustainability and profitability by reducing waste and operating costs."

The program will initially focus on bringing the technology to carbon steel makers, with a second phase focusing on developing the solution for stainless steel makers. Together, Harsco and Magsort will work to develop the an optimized, efficient and cost-effective solution for customers.

"We are pleased to be working with Harsco to bring our solution to the steel industry," said Niklas Tornkvist, Chief Executive Officer of Magsort. "Customers will see the difference our technology can make in helping them pursue their sustainability goals. We are looking forward to what Harsco and Magsort will achieve together."

To learn more about Harsco's market-leading environmental solutions, visit www.harsco-environmental.com.