Recovery Technology Solutions

About Recovery Technology Solutions

Recovery Technology Solutions, established in 2011, specialized in process technology for the materials recovery sector. The firm operated from its headquarters in Shakopee, Minnesota, focusing on the extraction, recovery, and recycling of valuable components from waste streams, primarily asphalt shingles. Its business was centered on a proprietary technology designed to separate and reclaim materials such as asphalt cement, fiberglass, felt, mineral aggregates, and mineral fillers. These recovered materials were then intended for reuse within the shingle manufacturing and asphalt pavement industries, presenting a circular economy model to its client base.

The company's market position was within the Other Metals, Minerals and Mining industry, providing solutions aimed at industrial recycling and waste valorization. The business model revolved around deploying its unique process technology to transform waste into commercially viable raw materials. Throughout its operational history, the company successfully attracted significant investment to develop and scale its technology. It secured a total of $40.5 million in capital over four funding rounds, including multiple Series A injections and a conventional debt round, with notable participation from institutional investor US Renewables Group. The company's journey culminated in its acquisition by Flint Hills Resources on March 24, 2016, transitioning its status to that of an acqui-hired entity. According to records from the Better Business Bureau, it appears the company is no longer in business.