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Magsort extracts steel from slag and processes the remaining material for low-CO2 cement.
Magsort provides steel and cement industries with a process to recover steel from slag and turn remaining material into inputs for low-CO2 cement. Its method extracts up to 95% pure steel and produces ultrafines and aggregates. Founded in 2014 by Niklas Törnkvist, the company is based in Finland. In November 2021, it raised EUR 10 million in venture debt from Ilmastorahasto as part of a larger USD 15.2 million equity and debt funding.
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