OK8 Global Third-Party Aluminium Dross Recyclers: Befesa, Altek & Commercial Models世界主流铝渣回收公司的技术特点与商业模式对比

Technical Features and Commercial Models of Leading Global Dross Recycling Enterprises | 世界主流铝渣回收公司的技术特点与商业模式对比

Industry Benchmarks · Published 2026-10-31 · Sources: audited annual reports, SEC filings and government award records where they exist; company-published descriptions are marked as such

Aluminium dross leaves a smelter as a residue and returns to it as a revenue line, but the route between those two points is frequently not owned by the smelter. In Europe, the Gulf, North America and increasingly India, a tier of specialist enterprises handles it — some as contractors operating inside the producer’s plant, some as centralised plants receiving material from many producers, some selling the equipment and licensing the process rather than processing anything at all.

This page sets out what distinguishes those enterprises technically, and how they are paid. It covers two corrections to statements that circulate widely, and it marks clearly where a figure comes from an audited filing and where it comes from the company that benefits from it.

1. The technical axis that matters: salt versus salt-free

Most comparisons of dross recyclers are organised by company. That is the wrong axis, because the same company may run both. The division that determines everything downstream is whether the route uses salt flux.

Feature Salt-flux route (rotary salt furnace and successors) Salt-free route
Mechanism Salt flux (NaCl / KCl) covers the metal droplets, suppresses oxidation and aids coalescence Geometry, atmosphere control, compaction or plasma processing instead of a flux cover
Principal residue Salt cake / salt slag — reactive, classified hazardous in multiple regimes Oxide-rich, low-chloride residue; generally reported as more stable
Residue destination Requires a salt recovery circuit, or treatment and disposal as a hazardous waste Reported as feedstock for cement, refractories, steelmaking flux, fertiliser or mineral products
Downstream obligation A salt circuit must exist somewhere — on site, or at a central plant with a permit Stated as avoiding that obligation; does not remove the need for an outlet for the oxide fraction
Reported constraint Mature, well documented, wide feed tolerance Reported in more than one source as constrained by higher capital and operating cost

The distinction is not a quality ranking. A salt-free route avoids producing a hazardous residue; it does not automatically recover more metal, and the two claims are routinely conflated in secondary literature. Where a salt-free route is chosen, the practical question becomes what happens to the oxide fraction it produces in place of salt cake — a question with a commercial answer, not a technical one, because it depends on whether a customer for that oxide exists within transport distance.

1.1 Where each enterprise sits on that axis

Enterprise Base Technical position Source character
Befesa Luxembourg / Spain Centralised salt slag and SPL recycling; five-stage route recovering metal concentrate, oxides and salt Audited — segment data in annual report
ALTEK (Harsco Environmental / Enviri) UK / USA Dross pressing and cooling equipment; AluSalt on-site salt cake processing Company-published, plus audited parent accounts
TAHA International Bahrain Two-stage salt-free recovery; oxides refined to steel slag conditioner, fertiliser, ATH Company-published — figures not independently traced
PyroGenesis (DROSRITE) Canada Salt-free plasma-based recovery; equipment sales and demonstration units Company-published; listed issuer
Real Alloy USA Rotary furnace and dross processing; building a salt slag recycling unit under Project ZAAR Audited — DOE award record is public
Speira Germany / Norway Toll conversion of scrap, dross and salt slag; salt slag processing at Raudsand, Norway Company-published
Raffmetal Italy Captive salt slag recovery plant operating since 1989; oxides sold as RAPAL Company-published
REKS (K+S / REMEX) Germany REKAL package: smelting salt supply, salt slag recycling, granulate extraction, filter dust disposal Company-published; parent K+S is listed
Daiki Aluminium (with Alba) Japan / Bahrain JV “Alba–Daiki Sustainable Solutions” to build a dross processing facility in Bahrain JV announcement — public document
Runaya India Green aluminium recovery from dross; collaborates with TAHA Company-published
Stena Aluminium Sweden Rapid cooling combined with mechanical and pyrometallurgical upcycling, in-house Company-published
Norsk Hydro Norway Screw-extruder compaction to reduce dross formation; hot dross processing; hydrometallurgical salt recovery Company-published; listed issuer
Novelis USA Reported salt-free melting strategy; pyrometallurgical and mechanical treatment in-house Company-published
AMAG Casting Austria On-site rotary and tilting drum furnaces treating white and black dross under salt flux Company-published

This is a list of enterprises whose activity in dross we could trace to a named document. It is not a ranking, and absence from it is not a judgement. Several market-research summaries circulate longer lists including equipment manufacturers and producers with captive operations; we did not verify those entries individually and have not reproduced them.

2. Correction: who owns ALTEK

The claim that ALTEK is “an Epiroc company” is wrong, and the error matters because the correct owner is the same group whose audited accounts contain a USD 27.2 million charge for salt cake disposal.

ALTEK was acquired in May 2018 by Harsco Corporation for £45 million (approximately USD 60 million) on a debt-free, cash-free basis, plus contingent consideration tied to future performance. Harsco’s Form 10-K states the purchase directly and places ALTEK’s results inside the Harsco Environmental segment. ALTEK’s own website states that it is “part of the Enviri family,” and its published sales contact remains an @harsco.com address.

Epiroc has no connection to it. Epiroc is a Swedish mining-equipment manufacturer; its 2024 and 2025 annual reports list its acquisitions — Stanley Infrastructure, Weco, Yieldpoint, ASI Mining and others — and none is an aluminium dross business.

Date Event Bearing on this page
1985 ALTEK formed Per the company’s own history page.
Early 1990s Company claims to have invented the aluminium dross press Self-asserted. Not adjudicated here — see the landmark-patents page for the practice of attributing to filings rather than to corporate narrative.
May 2018 Harsco acquires ALTEK, £45m The correct ownership. Harsco’s stated rationale: ALTEK held a “No. 1 global position in aluminium dross pressing and electromagnetic stirring equipment.”
Dec 2020 ALTEK announces end-to-end dross offering, including AluSalt The origin of the “zero waste” positioning discussed in section 6.
— Harsco Corporation renamed Enviri Corporation (NYSE: NVRI) Q4 2024 results are reported under Enviri. Harsco Metals & Minerals is the former name of the same business.
May 2024 Definitive agreement announced to sell Harsco Environmental to a CD&R affiliate Announced, expected to close late 2024 / early 2025. We did not trace a completion announcement. Do not describe it as done.
FY2024 USD 27.2m charge for processing and disposal of salt cake byproduct See section 6.
21 Nov 2025 Enviri announces sale of Clean Earth to Veolia for USD 3.04bn and spin-off of Harsco Environmental + Rail as “New Enviri” A different structure from the 2024 CD&R announcement.
1–2 June 2026 Spin-off completed. New Enviri trades as NVRI Pro-forma 2026 revenue ~USD 1.2bn, adjusted EBITDA ~USD 140m.
31 Mar 2026 Salt cake reserve still carried at USD 27.0m Two years after the original charge, described as the “best estimate of the net costs to fully resolve this matter.”

Practical consequence for a reader: any page naming the owner of ALTEK needs a date attached. Three valid answers exist depending on the year — Harsco, Enviri, New Enviri — and “Harsco Metals” is a fourth name referring to the same business under earlier branding.

3. Six commercial models

The trade press usually draws a single line — on-site service versus centralised plant. That line is real but incomplete. Six distinct models can be identified from named documents, and an enterprise may run more than one.

Model Who is paid, and for what Traced examples What it shifts to the contractor
1. Centralised regional processing Operator charges for treatment of material delivered from many producers Befesa — Lünen, Hannover, Valladolid Permit, plant, residue offtake; the producer retains the transport obligation
2. Build-own-operate / on-site Contractor installs and runs equipment inside the producer’s plant Harsco Environmental — described as operating at more than 130 customer sites across more than 30 countries, with later material putting the figure above 160 Equipment, operation, and — critically — the movement of residue
3. Equipment and process licensing Supplier sells or licenses the plant; operator runs it ALTEK; TAHA; PyroGenesis DROSRITE Nothing beyond the equipment warranty — residue stays on the producer’s books
4. Tolling / conversion Converter processes the producer’s material for a fee and returns product or metal Speira — toll conversion of scrap, dross and salt slag; Real Alloy — dross tolling Processing; the producer generally retains material ownership
5. Captive in-house No third party; the producer runs its own recovery circuit Raffmetal since 1989; Novelis; Hydro; Stena Aluminium; AMAG Casting Everything — and all of the upside and the permit burden
6. Integrated package One counterparty for salt supply, salt slag recycling, granulate extraction and filter dust disposal REKS — REKAL, offered as the only complete package of its kind per the company The whole salt loop, including final disposal of what cannot be reused

3.1 Why the choice is a transport question before it is a technology question

Salt slag and secondary dross are reactive. Aluminium nitride hydrolyses to ammonia; metallic aluminium hydrolyses to hydrogen; the residue is classified as hazardous in China (HW48, code 321-026-48 for secondary aluminium and fabricators), as an absolute entry in the UK/EWC lists, and as UN 3170 for transport. Every kilometre the material travels is a permitted movement of a hazardous residue.

  • On-site processing does not remove the hazard — it removes the journey. The residue is treated where it is generated, so the hazardous-goods movement is avoided rather than managed.
  • Centralised processing accepts the journey and buys scale: one 170 kt plant can carry equipment and environmental permits that no individual casthouse could justify.

This is visible in ALTEK’s own pitch for AluSalt. The stated saving is not mainly a higher recovery — it is the avoidance of shipping: the technology is described as removing the need to move “many hundreds of thousands of tonnes” of salt slag “across Europe to a small number of specialist recycling facilities.” The value being sold is the elimination of a hazardous-goods logistics chain.

Befesa makes the same point from the opposite geometry, naming proximity as the commercial mechanism: “close proximity to our clients is key in Befesa’s business model as it ensures reliable services and reduces transportation cost.”

4. Befesa: the audited numbers

Befesa S.A. is a Luxembourg-incorporated company listed in Frankfurt and included in the MDAX. Unlike most participants in this field, it publishes segment-level operating and financial data in an audited annual report, which makes it the one case here where the numbers can be checked rather than estimated.

Metric 2023 2024 2025
Salt slags & SPL treated (kt) 360.8 426.3 421.9
Installed capacity (kt) 470 470 470
Utilisation 76.8% 90.8% 89.8%
Salt Slags revenue (€m) 86.3 105.9 114.0
Salt Slags EBITDA (€m) 26.0 31.8 29.6
Salt Slags EBITDA margin 30.1% 30.0% 25.9%
Secondary aluminium produced (kt) 168.2 171.3 154.0
Secondary aluminium revenue (€m) 360.2 367.3 —
Secondary aluminium EBITDA (€m) 21.6 11.2 —
Secondary aluminium EBIT (€m) 13.8 2.9 −5.4

Q1 2026 (latest published quarter): salt slags 101.9 kt at 86.7% utilisation, revenue €29.8m, EBITDA €7.7m, margin 25.7%. Secondary aluminium 39.0 kt at 76.1% utilisation, revenue €85.3m, EBITDA €1.8m, margin 2.1%, EBIT −€0.2m.

4.1 A capacity figure that appears twice, differently

Befesa’s own website states 450 kt of annually installed capacity to recycle salt slags and SPL. Its 2024 annual report and 2026 quarterly report both state 470 kt. The plant-level list reconciles the difference: Valladolid is listed at 150 kt in the 2022 annual report and on the website, and at 170 kt in the 2024 annual report (Lünen 170 + Hannover 130 + Valladolid 170 = 470).

This page uses 470 kt, the figure used in the audited filings. We note the other figure rather than silently picking one — a reader comparing a company’s website against its own annual report will find a 20 kt gap.

4.2 Geography, and a stated intention rather than a fact

Befesa describes its plants as distributed across Europe, Asia and the US, and identifies Europe, South Korea, Turkey and the US as markets where strict regulation is already in place. It names China as a market where “ongoing increase in regulation creates opportunity… to enter.” That is an intention stated by the company, not an operation we verified. It is recorded as a statement of strategy, not as a footprint.

5. What actually comes out of a salt slag plant

Befesa describes its salt slag route as a five-stage process: collection and transport of the hazardous waste; grinding and particle-size classification; reaction of the dangerous components and dissolution of the salts; separation, washing and production of inert products; and crystallisation of the salts.

Output Description in the source Where it goes
Metal concentrates Extracted at the grinding stage Partly consumed in Befesa’s own secondary aluminium operations, remainder sold to foundries
Aluminium oxides Reacted, dried and filtered cake — marketed as “Paval” Ceramics, refractory products, rock wool
Salts Crystallised from brine; the source describes it as “a mixture of NaCl and KCl” Fluxes in metallurgical processes, or agricultural fertiliser; reported as purchased back by customers

The description commonly used in secondary sources — “complete recovery of NaCl/KCl and aluminium oxides” — overstates what the primary source says. Three specifics:

  • The salt is recovered as a mixture, not separated. Befesa’s own process description states that crystallisation yields “a salt… a mixture of NaCl and KCl.” Separation into pure NaCl and pure KCl is not described.
  • The oxide fraction is a product, not a recovered metal. It leaves as “Paval,” used in ceramics, refractories and rock wool. That is a legitimate outlet, and it is not the same thing as recovered aluminium.
  • The crystallisation step consumes energy. The documented route evaporates the brine and condenses the vapours, with natural gas boilers named as the steam source. A plant whose input is a hazardous waste and whose output includes reusable salt is still running an evaporator.

Befesa reports 16 registered patents and €7.12 million of R&D expenditure over five years across its aluminium business, with a dedicated testing facility in Valladolid operating since 2012 and pilot plants for salt slag treatment, brine crystallisation and oxide refining. Its Erandio plant holds ASI Performance Standard V3 (2022) certification.

6. The finding worth reading: service margin versus metal margin

Period Salt slag service Secondary aluminium metal
FY2024 EBITDA margin 30.0% 3.0% (€11.2m on €367.3m)
Q1 2026 EBITDA margin 25.7% 2.1% (€1.8m on €85.3m)
FY2025 EBIT €20.0m −€5.4m

The hazardous-waste service earns roughly ten to twelve times the margin of the metal production it feeds — and in 2025 the metal side lost money at the operating line while the service side did not. The direction of travel reinforces it: salt slag utilisation has held near 90% (90.8% in 2024, 89.8% in 2025, 86.7% in Q1 2026), while secondary aluminium utilisation fell from 83.6% to 75.1% to 76.1% over the same points, with the company attributing the decline to compressed metal margins and weak European automotive demand.

What this means for a producer evaluating a contractor: a third-party recycler is not primarily a metal buyer. Its profit is in the treatment fee and the compliance service, not in the aluminium it hands back. The residue is the contractor’s raw material and the producer’s liability, and the party capturing the margin is the one willing to hold the permit.

7. ALTEK, “zero waste,” and the salt cake bill

ALTEK’s public positioning is explicit. Its managing director is quoted describing the company as “pushing the aluminium industry to a zero-waste scenario”; its global sales director states that with AluSalt “there is no need to ship waste or utilize a landfill.” Harsco’s own release calls AluSalt “a zero-waste solution.”

The same corporate group’s audited accounts record something else:

Period Item Amount
Q4 2024 / FY2024 Charge for the processing and disposal of salt cake byproduct (Harsco Environmental segment) USD 27.2m pre-tax
FY2024 Increase to provision for expected credit losses, customer in the Middle East USD 5.3m (2023 comparative)
Q4 2025 Additional provision, based on expected recovery of processing costs, including agreement to sell processed material to a regional buyer USD 5.0m
31 Mar 2026 Reserve still carried — “best estimate of the net costs to fully resolve this matter” USD 27.0m

The Q1 2026 filing describes the company as “exploring other options to resolve this matter in a cost-effective manner, including engaging certain entities to remove the remaining salt cakes from Bahrain, subject to a suitability analysis.”

Read those two blocks together. A business marketing a technology that removes the need for landfill has, on its own books, a USD 27 million provision to dispose of accumulated salt cake in Bahrain — the site of its Gulf joint venture — unresolved across at least five reporting periods.

We are not alleging that the technology does not work. The filing does not say where the salt cake came from, which process produced it, or why it remains. Several readings are consistent with the evidence: legacy material predating the plant, a plant that did not reach design throughput, a contractual dispute, or a residue the technology does not address. None of them can be distinguished from the public filings.

What can be said is narrower and still useful: a “zero waste” claim and a USD 27 million disposal liability sat in the same group at the same time. For a producer evaluating a contractor, the question worth asking is not whether zero waste is achievable in principle, but which specific residues the contract places on which party’s books — and what happens to material the process does not convert.

8. Salt-free entrants: what is claimed and what is documented

Three enterprises market salt-free routes. Their published figures follow a pattern this site has documented before, and it is worth stating plainly because it determines how the numbers can be used.

8.1 TAHA International

TAHA describes a two-stage, salt-free, energy-conserving process operated from Bahrain, stating: over 90% recovery of the available aluminium, 97% available-aluminium recovery efficiency, 81% reduction of greenhouse gas emissions versus TRF, 50 kt of dross processed globally, 20+ years in service, and membership of the Aluminium Stewardship Initiative. It names three downstream products: steel slag conditioner, agricultural fertiliser, and aluminium trihydrate for flame retardants.

One comparative claim is attributed to a named third party — Dr. Oliver Zamal, CEO of KMF Industrial Technologies GmbH — describing a trial at a Gulf rolling mill in which dross was split into two equal portions, one processed by a TRF-type centrifuge and one by TAHA’s system, with TAHA reported as superior. That is a testimonial published by the beneficiary, not a measured trial report. No split-sample analysis, no metal content of the feed, and no recovery basis are given.

The denominator question applies directly. TAHA states “recovery of the available aluminium” — that is recovery of the metal contained in the dross, not of the furnace charge mass. The two are different quantities and the difference is large, as documented on this site’s technology comparison page. A figure stated against contained metal cannot be compared with a figure stated against charge mass. 97% is not contradicted here; it is placed.

8.2 PyroGenesis — DROSRITE

DROSRITE is documented on this site’s technology comparison page, where four published recovery figures for the same process — 98%, about 90%, 74%, and 18–40% — are shown to be reconcilable once the stated basis of each is identified. That page should be read before any DROSRITE figure is quoted. The commercial model is equipment sale preceded by paid demonstrations; the company has also described expansion into zinc dross recovery.

8.3 Runaya

Runaya describes “green aluminium recovery” from dross at an Odisha facility under a zero-waste, zero-discharge framing, and is reported as collaborating with TAHA. The published description is a positioning statement. No throughput, recovery rate or residue analysis was traced. It is listed here because the enterprise is named in multiple independent summaries of the field, not because its figures could be verified.

9. North America: a public-record case

One project in this field can be checked against a government award record rather than a company statement, which makes it useful as a calibration point for what a salt slag recycling facility is expected to achieve.

Project ZAAR (Zero Waste Advanced Aluminium Recycling), led by Real Alloy Recycling LLC, was selected by the US Department of Energy’s Office of Clean Energy Demonstrations under the Industrial Demonstrations Program. The award record (award ID DECD0000094, awarded 11 November 2024) shows:

Item As recorded
Total obligated USD 150,501,239
Federal share USD 67,314,320
Non-federal share USD 83,186,919
Stated diversion goal Divert approximately 70% of salt slag waste generated at the Wabash facility from landfill to recycling processes producing marketable or usable products — marketable flux, aluminium oxide, ammonium sulfate, reusable hydrogen
Stated carbon goal Demonstrate cradle-to-gate carbon intensity reduction of at least 30% for cement production, assuming substitution of alumina oxide from the recycling process for conventional bauxite
Place of performance Delong, Indiana
Completion Completion date recorded as 30 September 2028; last recorded action February 2026

Two things in that record deserve attention. First, 70% is a diversion target, not a measured recovery rate — it describes what the facility is meant to do, and the facility was not stated as operating at the time of the record. Second, the list of target products includes ammonium sulfate and reusable hydrogen, which are the products of the nitrogen and hydrogen management problem documented on this site’s hazardous-waste page. A salt slag facility in this model is, in part, a gas plant.

10. Captive operators: the model with no third party

Several producers run the circuit themselves, and their published positions are useful because they are not sales material.

  • Raffmetal (Italy) has operated an in-house salt slag recovery plant since 1989, recovering salt, granulate and aluminium back into its own cycle and selling aluminium oxides as the product “RAPAL.” It states that since 1989 it has not sent melting residues to landfill. A continuous operation of that duration is the single most useful datum here, because it speaks to durability rather than to design.
  • Norsk Hydro is described as using screw-extruder compaction to minimise dross formation before recovery is considered — an upstream lever — combined with hot dross processing and hydrometallurgical wet leaching to recover salt fluxes.
  • Novelis is reported as following a salt-free melting strategy specifically to avoid generating hazardous salt slag.
  • Stena Aluminium combines proprietary rapid cooling with mechanical and pyrometallurgical upcycling in-house.
  • AMAG Casting (Ranshofen) remelts white and black dross under salt flux in on-site rotary and tilting drum furnaces.

A joint venture sits between captive and third-party: Alba–Daiki Sustainable Solutions (ADSS), announced at Gateway Gulf on 3 November 2024, with Alba holding 70% and Daiki Aluminium 30%, to establish an aluminium dross processing facility in Bahrain. Both partners targeted commencement of operations by September 2026. The structure is worth noting: a producer taking the majority stake in a dedicated processing facility, rather than contracting the work out.

11. The integrated package: REKS and the salt loop

REKS GmbH & Co. KG, a joint venture of K+S and REMEX, offers the secondary aluminium industry a package under the name REKAL: supply of smelting salts, recycling of the salt slag, extraction of aluminium granulate, and disposal of aluminium filter dust — one counterparty for the whole loop. The company states that it is the only company to offer this complete package.

The distinctive element is the disposal end. K+S operates underground disposal at Herfa-Neurode and Zielitz, where material is isolated in disused sections of potash mines, and underground recovery — using the structural properties of less-contaminated waste to secure mine areas at risk of subsidence — at Hattorf, Wintershall, Unterbreizbach, Bernburg and Zielitz.

Why this matters for the comparison: the salt loop does not close by itself. Whatever cannot be reused as flux has to go somewhere, and in this model the somewhere is a permitted underground repository. An enterprise that supplies the salt, takes back the salt slag and can dispose of what remains is selling something a pure technology vendor cannot: an exit. That is the same function Befesa performs for its customers, delivered through a different asset base.

12. Claims that cannot be audited

12.1 “More than 45 percent aluminium”

The published formulation is: “recovering more than 45 percent aluminium, depending on existing recovery techniques, than has traditionally been possible.” It cannot be evaluated as written, for two reasons. It is stated as an improvement, so 45% is a delta, not a recovery rate — and the baseline it is a delta from is not named. And the qualifier means the figure moves with the customer’s starting point, which is exactly the variable a buyer needs fixed. A number whose value depends on an unstated baseline is not a specification.

12.2 Installation counts on four different denominators

ALTEK’s installed base has been published as “over 550 units globally” (2017), “nearly 60 countries with over 400 installations” (2018), “over 500 global customers” (2017), and “active equipment in over 600 locations around the world” (2020). Units, installations, locations and customers are four different denominators, and the growth they appear to show is partly a change of what is being counted.

12.3 The size of the salt slag market

Harsco’s 2018 acquisition release sizes salt slag processing as “a nearly USD 2 billion potential market.” That is an acquirer’s estimate published to support a transaction. Separately, market-research summaries circulate values for a “salt slag recycling service market” with figures broken down by service type and application. We do not reproduce those. They are proprietary estimates whose methodology cannot be examined, and a figure that cannot be re-derived is not usable for comparison here.

13. What this page could not establish

  • The per-tonne fee structure. Trade descriptions of build-own-operate and tolling contracts commonly state a processing charge per tonne handled. No published contract rate was traced. The models are described here qualitatively; the pricing is not quantified because the source does not exist in public filings.
  • Recovery rates for any named contractor’s plant. No operator publishes a recovery figure with its denominator in an audited document. Where a recovery number appears in this field without stating “per tonne of what,” it is not comparable across sites.
  • Which process produced the Bahrain salt cake. Not stated in the filings reviewed.
  • Whether the May 2024 CD&R sale completed. A completion announcement was not traced. Treat the ownership question as open until a filing states it.
  • Comparable segment data for ALTEK alone. Its results are reported inside the Harsco Environmental segment and not broken out.
  • Verification of TAHA’s 97% and 81% figures, and of any throughput or recovery figure for Runaya. Both rest on company publication.
  • Whether the Alba–Daiki facility commenced operations by its stated September 2026 target.

14. On sources, and what this page does not do

Three grades of source appear here, and they are distinguished throughout. Audited and public-record material — Befesa’s segment data, Enviri’s provisions, the DOE award record, the Alba–Daiki announcement — can be checked against the document named. Company-published descriptions of what each enterprise offers are identified as such: they are claims, not measurements, and section 12 explains why several cannot be checked. Unverified entrants are listed where an enterprise is named across multiple independent summaries of the field, with the absence of figures stated.

This page names companies and carries no links to them. Naming a listed company and citing its audited accounts is not a recommendation; the site recommends, ranks and endorses no supplier, and links to none. Where a reader needs to select a contractor, that decision requires site-specific data — residue composition, national classification, transport distance, permit status — that no published comparison can supply.

Three items in this page will move: the ownership of Harsco Environmental, the Bahrain salt cake reserve, and the commissioning status of the Alba–Daiki facility. All are dated here so that a reader can tell how current the statement is.


中文摘要 · 世界主流铝渣回收公司的技术特点与商业模式对比
铝渣以残渣形态离开熔炼厂,又以收入项回到熔炼厂,但这两点之间的路径通常不由熔炼厂自己掌握。在欧洲、海湾、北美以及日益增长的印度,存在一批专业企业处理它——有的作为承包商在生产者厂内运营,有的作为集中工厂接收多家来料,有的只卖设备与工艺授权而不处理任何物料。本页说明这些企业在技术上有何分野、如何收费,并载明两项广泛流传说法的更正。
1. 真正的技术轴:有盐 vs 无盐。按公司分类是错的轴,因为同一家公司可能两者都做。决定下游一切的是该路线是否使用盐熔剂。有盐路线以 NaCl/KCl 覆盖金属液滴、抑制氧化、促进聚并,主残渣为盐饼/盐渣(多法域列为危废),必须配套盐回收回路或按危废处置;无盐路线以几何、气氛控制、压实或等离子处理替代熔剂覆盖,残渣为富氧化物、低氯,报道称更稳定,去向为水泥、耐火材料、炼钢调渣剂、肥料或矿产品。有一点必须分清:无盐路线避免产生危险残渣,并不自动等于回收更多金属,二手文献常将二者混为一谈。此外,无盐路线在多个来源中被报道受制于较高的资本与运营支出。本页列出 14 家可追溯至具名文件的企业及其技术站位与来源性质(审计/公司自述/合资公告),并注明:此为可追溯清单,不是排名,未列入不构成评判;市场研究聚合流传的更长名单(含设备制造商与自有产能生产商)本页未逐家核实,故不转载。
2. 更正:ALTEK 归属。ALTEK 于 2018 年 5 月由 Harsco Corporation 以 4,500 万英镑(约 6,000 万美元)收购,Harsco 的 10-K 直接载明。Epiroc 与此无关——该公司为瑞典矿山设备制造商,其 2024、2025 年报所列收购中无一是铝渣业务。归属此后又变两次:Harsco 更名 Enviri;2024 年 5 月公告拟将 Harsco Environmental 售予 CD&R 关联方(未查得交割公告,不应表述为已完成);2025 年 11 月 21 日公告将 Clean Earth 以 30.4 亿美元售予威立雅并将 Harsco Environmental 与 Rail 分拆为”New Enviri”;2026 年 6 月 1—2 日分拆完成。因此,任何写明 ALTEK 归属的页面都必须带日期——依年份不同有三个有效答案。
3. 六种商业模式。行业媒体通常只画一条线(驻场 vs 集中),这条线真实但不完整。可从具名文件辨出六种:① 集中式区域处理(Befesa:吕嫩、汉诺威、巴利亚多利德);② 建设-拥有-运营驻场(Harsco Environmental:自述在 30 余国 130 余个客户现场运营,后期材料称逾 160 个);③ 设备与工艺授权(ALTEK、TAHA、PyroGenesis——残渣仍记在生产者账上);④ 来料受托加工(Speira 的废铝/铝渣/盐渣 toll conversion;Real Alloy 的铝渣受托加工);⑤ 厂内闭环(Raffmetal、Novelis、Hydro、Stena、AMAG);⑥ 一体化服务包(REKS 的 REKAL:熔炼盐供应+盐渣回收+铝颗粒提取+滤尘处置)。为何这是运输问题先于技术问题:盐渣与二次铝渣具反应性——氮化铝水解放氨、金属铝水解放氢,中国列为 HW48(再生铝与铝材加工为 321-026-48)、英国/EWC 为绝对有害条目、运输为 UN 3170,每运输一公里都是一次危废的许可移动。故:驻场处理不消除危害,而是消除运输;集中处理接受运输、换取规模——单座 17 万吨级工厂可承担任何单个铸造车间都无法自证的装备与许可。ALTEK 自述的 AluSalt 卖点正是消除”数十万吨盐渣跨欧洲运往少数专业回收设施”的危废物流链;Befesa 从相反几何说出同一机制——”贴近客户是其商业模式的关键”。
4. Befesa:可审计的数字。卢森堡注册、法兰克福上市、MDAX 成分股。2023—2025 年盐渣与废槽衬处理量 360.8 / 426.3 / 421.9 kt;装机 470 kt;负荷率 76.8% / 90.8% / 89.8%;盐渣分部收入 86.3 / 105.9 / 114.0 M€;EBITDA 26.0 / 31.8 / 29.6 M€;EBITDA 率 30.1% / 30.0% / 25.9%。2026 年一季度:盐渣 101.9 kt、负荷率 86.7%、EBITDA 率 25.7%。装机容量出现两个值:官网 450 kt,2024 年报与 2026 年季报 470 kt;工厂级可对账(巴利亚多利德 2022 年报与网站为 150 kt,2024 年报为 170 kt)。本页采用审计文件的 470 kt,但两个都写明,不静默择一。地理上,公司称工厂分布于欧洲、亚洲与美国,并将中国列为”监管持续加强创造进入机会”的市场——这是公司自述的战略意图,不是本页核实过的运营事实。
5. 盐渣厂实际产出什么。Befesa 自述五段法:危废收集运输→研磨与粒度分级→危险组分反应与盐溶解→分离、洗涤并产出惰性产品→盐结晶。产出三类:金属精矿(自用部分进其再生铝产线,余量售予铸造厂);氧化铝(反应、干燥、过滤后的滤饼,商品名”Paval”,去陶瓷、耐火材料、岩棉);盐(自卤水结晶,来源原文称其为”NaCl 与 KCl 的混合物“)。二手来源常用的”完全回收 NaCl/KCl 与氧化铝”超出一手来源所载:其一,盐以混合物回收,未描述分离为纯 NaCl 与纯 KCl;其二,氧化物部分是产品,不是回收的金属;其三,结晶段耗能——该路线蒸发卤水并冷凝蒸汽,天然气锅炉被指为蒸汽来源。Befesa 报告 16 项注册专利、五年 712 万欧元研发支出、巴利亚多利德 2012 年起的专用测试设施,其 Erandio 厂持 ASI 绩效标准 V3(2022)认证。
6. 值得读的发现:服务利润率 vs 金属利润率。2024 财年盐渣服务 EBITDA 率 30.0%,再生铝金属 3.0%(11.2 M€ / 367.3 M€);2026 年一季度 25.7% vs 2.1%;2025 财年 EBIT 盐渣 +20.0 M€、再生铝 −5.4 M€。危废服务赚的钱约为其所供料的金属生产的十至十二倍,且 2025 年金属侧在经营线上亏损而服务侧未亏。趋势同向:盐渣负荷率稳在九成附近,再生铝由 83.6% 降至 75.1%、76.1%,公司归因于金属利润受压与欧洲汽车需求疲弱。对正在评估承包商的生产者而言:第三方回收商主要不是金属买家,其利润在处理费与合规服务,而非返还的铝。残渣是承包商的原料、生产者的负债,攫取利润的是愿意持有许可的那一方。
7. ALTEK、”零废弃”与盐饼账单。ALTEK 公开定位明确——其总经理称公司在”推动铝工业走向零废弃”,其全球销售总监称使用 AluSalt”无需运输废料或使用填埋场”,Harsco 自身新闻稿称 AluSalt 为”零废弃方案”。而同一集团的经审计账目记着另一件事:2024 年第四季度/全年,Harsco Environmental 分部计提盐饼副产物加工与处置费用 2,720 万美元(税前);2025 年第四季度追加计提 500 万美元(含与区域买方达成的处理后物料出售协议);至 2026 年 3 月 31 日,该项准备仍挂账 2,700 万美元,被称为”彻底解决此事项净成本的最佳估计”。2026 年一季度文件称公司”正探索以具成本效益的方式解决,包括委托特定实体将剩余盐饼自巴林运出“。两家主张并存于同一集团。我们不主张该技术无效——文件未说明盐饼来源、由何工艺产生、为何留存,至少有四种解释与证据相容且无从判别。可说的是更窄而仍有用的一句:一项”零废弃”主张与一笔 2,700 万美元处置负债,同时存在于同一集团。生产者该问的不是零废弃原则上能否达成,而是合同把哪些具体残渣放在哪一方的账上。
8. 无盐路线进入者。TAHA(巴林)自述两段式无盐节能工艺:可用铝回收率逾 90%、可用铝回收效率 97%、较 TRF 减排 81%、全球处理 50 kt、服务逾 20 年、ASI 会员;下游产品为炼钢调渣剂、农用肥料与阻燃用三水合铝。其一项对比主张引述具名第三方(KMF 工业技术公司 CEO Oliver Zamal 博士),描述海湾某轧制厂将铝渣均分两份、分别以 TRF 离心机与 TAHA 系统处理而后者更优——但这是受益方刊载的推荐语,不是可核查的试验报告,未给出分样分析、炉料金属含量或回收基准。分母问题直接适用:TAHA 说的是”可用铝”的回收,即渣中所含金属,而非炉料总质量——二者是不同量且差异很大(见本站技术路线对比页)。97% 在此未被否定,而是被放置。PyroGenesis(DROSRITE)见本站技术对比页,该页载明同一工艺的四个已发表回收率(98%、约 90%、74%、18–40%)在辨明各自基准后并不矛盾,引用任何 DROSRITE 数字前应先读该页。Runaya(印度)自述在奥里萨邦以”零废弃、零排放”框架做绿色铝回收,并被报道与 TAHA 合作;未查得处理量、回收率或残渣分析,列入本页是因为该企业在多份独立的行业综述中被点名,而非其数字得到核实。
9. 北美:一份可查的公共记录。Project ZAAR(零废弃先进铝回收)由 Real Alloy Recycling LLC 主导,经美国能源部清洁能源示范办公室工业示范计划遴选,拨款编号 DECD0000094,2024 年 11 月 11 日授予:已承担总额 150,501,239 美元(联邦 67,314,320 美元,非联邦 83,186,919 美元);既定目标为将 Wabash 设施产生的约 70% 盐渣由填埋转为回收,产出可销售熔剂、氧化铝、硫酸铵与可再用氢;碳目标为以回收过程产出的氧化铝替代常规铝土矿时,水泥生产的摇篮到大门碳强度降低至少 30%;履约地印第安纳州 Delong;完成日期记为 2028 年 9 月 30 日,最后记录动作 2026 年 2 月。两点值得注意:其一,70% 是转移目标,不是实测回收率,且记录时该设施未载明在运行;其二,目标产品清单含硫酸铵与可再用氢——二者正是本站危废页所载氮与氢管理问题的产物,此模型下的盐渣设施在某种程度上是一座气体工厂。
10. 自有产能方:没有第三方的模式。Raffmetal(意大利)自 1989 年起运行厂内盐渣回收装置,盐、颗粒与铝回到自身循环,氧化物以”RAPAL”外售,并称自 1989 年起未将熔炼残渣送去填埋——该持续时长是此处最有用的数据,因为它说明耐久而非设计。Norsk Hydro被描述为在考虑回收之前先以螺旋挤出压实减少渣的生成(上游杠杆),并配合热渣处理与湿法浸出回收盐熔剂。Novelis据报道采取无盐熔炼策略,目的正是避免产生危险盐渣。Stena Aluminium以专有快速冷却结合机械与火法升级在厂内处理。AMAG Casting(Ranshofen)以厂内回转与倾动鼓式炉在盐熔剂下重熔白渣与黑渣。介于自有与第三方之间的一种结构:Alba–Daiki Sustainable Solutions(ADSS),于 2024 年 11 月 3 日 Gateway Gulf 宣布,Alba 持 70%、Daiki 持 30%,在巴林建设铝渣处理设施,双方目标 2026 年 9 月投产——值得注意的是其结构:生产者在一座专用处理设施中持多数股,而非将工作外包。
11. 一体化服务包:REKS 与盐回路。REKS(K+S 与 REMEX 合资)以 REKAL 之名向二次铝工业提供整套包:熔炼盐供应、盐渣回收、铝颗粒提取、铝滤尘处置——整个回路一个对手方;公司称其为唯一提供此完整包者。其独特之处在处置端:K+S 在 Herfa-Neurode 与 Zielitz 运营地下处置(物料封存于废弃钾盐矿井段),并在 Hattorf、Wintershall、Unterbreizbach、Bernburg、Zielitz 运营地下回收(利用较低污染废料的结构物理性质加固有沉降风险的采空区)。为何对本次对比重要:盐回路不会自行闭合,凡不能作为熔剂回用的部分总要有去处,而在此模型中该去处是持证地下处置库。一家既供应盐、又回收盐渣、且能处置剩余物的企业,卖的是纯技术供应商卖不出的东西——一个出口。这与 Befesa 为其客户履行的职能相同,只是资产基础不同。
12. 无法审计的主张。① “多回收 45% 以上”——原文为”recovering more than 45 percent aluminium, depending on existing recovery techniques, than has traditionally been possible”:它被表述为改善量,故 45% 是增量而非回收率,而其所相对的基准未载明;且该限定语意味着数字随客户起点变动,而这恰是买方需要固定的变量。数值取决于未载明基准的数字不是规格。② 装机数四个分母混用——ALTEK 装机规模曾被发表为”全球逾 550 台”(2017)、”近 60 国逾 400 套装置”(2018)、”逾 500 家全球客户”(2017)、”全球逾 600 处现场的在役装备”(2020);台、套、处、客户是四个分母,表面增长部分源于计数对象改变。③ 盐渣市场规模——Harsco 2018 年收购新闻稿称其为”近 20 亿美元的潜在市场”,此为收购方为支持交易发表之估计;另有市场研究综述流传按服务类型与用途拆分的”盐渣回收服务市场”数值,本页不转载——其为方法无法检视的专有估计,不可复现的数字在此无法用于比较。
13. 本页未能确立。① 按吨收费费率——行业对 BOO 与受托加工合同的通行描述均称按处理吨位计费,但未查得任何公开合同费率,故各模式仅作定性描述而不量化。② 任何具名承包商工厂的回收率——无运营方在审计文件中载明带分母的回收率;本领域凡未载明”每吨什么”的回收数字,均不可跨现场比较。③ 巴林盐饼由何工艺产生——所阅文件未载明。④ 2024 年 5 月 CD&R 交易是否交割——未查得交割公告,归属问题在文件载明前应视为开放。⑤ ALTEK 单独的可比分部数据——其业绩并入 Harsco Environmental 分部,未拆分。⑥ TAHA 的 97% 与 81%,以及 Runaya 的任何处理量或回收数字——均仅依公司发布。⑦ Alba–Daiki 设施是否于其自称的 2026 年 9 月目标投产。
14. 来源与本页不为之事。本页出现三级来源并全程区分:可审计与公共记录材料(Befesa 分部数据、Enviri 计提、DOE 拨款记录、Alba–Daiki 公告)可对照所载文件核查;公司发布的业务描述均予标明——其为主张而非测量,第 12 节说明其中若干为何无法核查;未核实的新进入者在该企业于多份独立行业综述中被点名时列入,并载明其数字缺失。本页点名公司但不设任何链接——点名上市公司并引用其经审计账目不构成推荐;本站不推荐、不排名、不背书任何供应商,亦不链接任何供应商。读者若需选定承包商,该决定所需的是现场特定数据——残渣成分、国别归类、运输距离、许可状态——任何公开对比都无法提供。本页有三项内容会变动:Harsco Environmental 的归属、巴林盐饼准备、Alba–Daiki 设施的投产状态,三项均已载明日期,以便读者判断陈述的时效性。