Addis Ababa, December 10, 2024 (FMC) – Hoatzin Investments Ltd, a company engaged in rare earth metals and green energy conversion and value enhancement, has expressed its keen desire to set up its state-of-the-art green refining industrial plant in Ethiopia, the Ethiopian Embassy in Nairobi revealed today.
The Embassy shared this story on its social media page after the meeting between Ambassador of Ethiopia to Kenya, General Bacha Debele, and the company’s CEO and Vice Chairman Antonis Antoniadis, earlier today.
The two sides exchanged ideas on ways of planting the factory in Ethiopia, according to the Embassy.
During the discussion, the Ethiopian ambassador stated that his embassy will render necessary support to the company to set up its factory in Ethiopia. Both sides agreed the company to commence operations by arranging a pre-investment visit to the country.
Hoatzin Investments Ltd’s investment is focused on rare earth metals and green energy conversion and value enhancement.
Accordingly, the company revealed its interest to invest in Ethiopia for the construction of a state-of-the-art green refining industrial plant for rare earth minerals. Rare earths minerals are said to be crucial metals for the manufacture of smartphones, electric vehicles, personal computers, servers, and satellites, among others.
The company has reportedly developed a globally integrated green approach that offers a complete solution for Municipal Solid Waste (MSW) disposal maximizing value recovery from its main components including conversion of: metals to alloy – aluminum, copper, rare earth recovery and alloy manufacture; plastics to liquid – plastics to liquid fuels; biomass to syngas; and syngas to electricity, as per the Embassy.