# Econ Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/econ-industries

- Industry: Power & Utilities
- Headquarters: Starnberg, Germany
- Website: www.econindustries.com
- Latest round: Angel (Jun 1, 2014)
- Investors on record: 1

## About

Econ Industries is a provider of advanced waste management solutions, specializing in recovering resources from industrial hazardous waste and contaminated soils through innovative technologies.Founded in 2003 and headquartered in Starnberg, Germany, Econ Industries is dedicated to the waste management sector, focusing on resource recovery from hazardous waste. The company has made strategic moves to enhance its operational capabilities over the years. CEO Reinhard Schmidt leads the firm, which has engaged in a significant investment round with BayBG in June 2014, although the financial details remain undisclosed. The company has also executed one deal to date, showcasing its active participation in the industry.Econ Industries services GmbH specializes in advanced waste management solutions, with a core focus on the innovative VacuDry® technology. This process utilizes heat and vacuum to effectively separate harmful substances from industrial hazardous waste, ensuring energy efficiency and low carbon emissions. The technology is particularly adept at treating drill cuttings, oil sludges, and metal sludges, targeting clients in the oil and gas sector. Additionally, the company offers a High Temperature Treatment Unit for continuous processing of catalysts and activated carbon contaminated with mercury and hydrocarbons. Econ Industries markets its solutions across Europe, the Middle East, and North America, catering to industries that require environmentally sound disposal methods.Econ Industries generates revenue through direct sales of its waste recovery systems and consulting services, primarily focusing on B2B transactions with industrial clients in sectors like oil and gas. The firm's pricing structure is influenced by project complexity and scale, with flagship products such as the VacuDry® system requiring significant investment from clients. The company also establishes partnerships for ongoing service agreements or project-based contracts, supporting a steady revenue stream through long-term relationships with key industrial players. This diverse application of their technologies underpins a robust business model centered on sustainable waste management solutions.Econ Industries is poised for future growth, with plans to introduce new products and expand its market reach. The company is currently developing additional advanced waste management technologies aimed for launch in the coming years. Furthermore, Econ Industries is targeting expansion into new geographic regions, including Asia and South America, by 2025 to tap into emerging markets. The funding received from BayBG in June 2014 will support these initiatives, allowing the firm to further invest in research and development and enhance its operational capabilities.

## Funding rounds

- Angel, Jun 1, 2014 — BayBG

## Investors

- BayBG (https://capitalatlas.ai/funds/baybg) — Angel