PGM Of Texas

What PGM Of Texas does

PGM Of Texas is a U.S. catalytic converter and platinum group metals (PGM) recycler headquartered in San Marcos, Texas. Founded in 1999, the company purchases spent catalytic converters from scrap yard owners and industrial recycling customers, then recovers platinum, palladium, and rhodium through a vertically integrated process. It operates as a subsidiary of Elemental North America, a coalition of four leading U.S. recycling companies that together are described as the only catalytic converter recyclers in the U.S. owning the entire recycling process, including refining and smelting.

The company's core technology centers on full-cycle PGM recovery, combining collection, refining, and smelting operations under one roof, an arrangement uncommon among domestic competitors who typically must ship material to third-party refiners. Elemental North America's other subsidiaries (Legend Smelting and Recycling, Maryland Core Inc, Daniel Ball Converter Recycling) extend collection reach across multiple U.S. regions. The ultimate parent is Elemental Holding Group, which operates additional recycling assets including a modern facility in Zawiercie.

PGM of Texas generates revenue primarily through transaction-based pricing on the catalytic converters it purchases and refines, offering both piece-pricing and refining-based compensation to suppliers. Its go-to-market is direct B2B field sales targeting SMB scrap yards and, secondarily, industrial recycling companies. Pricing varies with converter type, precious metal content, and prevailing PGM market conditions, and the company positions process transparency as a core differentiator in supplier relationships.

Name

PGM Of Texas

Legal name

PGM of Texas

Website

https://pgmoftexas.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

PGM Of Texas is a San Marcos-based catalytic converter and platinum group metals recycler, wholly owned subsidiary of Elemental North America. It buys spent converters from scrap yards and refines platinum, palladium, and rhodium through an integrated smelting and refining process.

Ownership category

akta.pro rank

Product category

Precious Metals Recycling

NAICS

Materials Recovery Facilities (562920), Materials Recovery Facilities (56292)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Catalytic Converter Recycling & Precious Metals Recovery (PGM) (EUAIAJAG)

akta.pro secondary industries

Catalyst & Precious Metal Scrap Recycling (Auto Catalysts, Refinery/Petrochemical Catalysts) (IMAKAMAI), Catalyst Recovery, Regeneration & Reclamation Services (IMAEAIAM), Process Residue & Catalyst Handling/Recycling (BPALAHAJ), Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD)

Keywords

• Catalytic converter recycling
• Precious metals refining
• Platinum group metals
• PGM recovery
• Scrap metal processing

Headquarters

HQ city

San Marcos

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel

Revenue model

1. Catalytic Converter Purchasing and Refining: Purchase of spent catalytic converters from scrap yards and recycling companies, followed by refining and smelting to recover precious metals (platinum, palladium, rhodium). Revenue generated from the sale of recovered precious metals.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

PGM Of Texas purchases spent catalytic converters from scrap yards and industrial recycling companies, then processes, refines, and smelts them to recover platinum group metals (PGMs) including platinum, palladium, and rhodium. As a subsidiary of Elemental North America, the company is part of the only group of catalytic converter recyclers in the U.S. that owns the entire recycling process from collection through final metal recovery.

Product overview

PGM Of Texas operates as a subsidiary of Elemental North America, functioning within a group of four leading U.S. recycling companies. The company specializes in catalytic converter recycling and is part of an organization that owns the complete recycling process from collection through refining and smelting. The products and services relate to the recovery and processing of precious group metals (PGMs) including platinum, palladium, and rhodium.

Differentiator

Problem solved

Functional benefit

Products and services

• Catalytic Converter Purchasing and Recycling

Quantifiable outcome

• Full transparency in buying/refining process with satisfied customers

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Elemental North AmericaflagshipStrategic or Co-development PartnerPGM of Texas is one of four subsidiary companies under Elemental North America. Elemental North America is dedicated to developing and implementing cutting-edge technologies for processing, recovering, and refining strategic industrial and precious metals. PGM of Texas contributes to the national catalytic converter recycling operations alongside three other subsidiaries: Legend Smelting and Recycling, Maryland Core Inc, and Daniel Ball Converter Recycling.
• Legend Smelting and RecyclingcoreStrategic or Co-development PartnerSubsidiary company of Elemental North America. One of the four leading U.S. recycling companies that collaborate to form Elemental North America's national catalytic converter recycling network.
• Maryland Core InccoreStrategic or Co-development PartnerSubsidiary company of Elemental North America. Part of the collaborative network of four leading U.S. recycling companies for catalytic converter recycling operations.
• Daniel Ball Converter RecyclingcoreStrategic or Co-development PartnerSubsidiary company of Elemental North America. One of four companies in the collaborative recycling network focused on catalytic converter processing and precious metal recovery.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Umicore: Belgian materials technology group with a dedicated Precious Metals Refining business that recovers PGMs (platinum, palladium, rhodium) from spent automotive catalysts and industrial catalysts. Closest large-scale peer to PGM of Texas in vertical integration and catalyst recycling focus.
• Dowa Holdings: Japanese environmental management and non-ferrous metals company that operates an autocatalyst recycling business recovering PGMs. Comparable in vertical integration and end-market focus on automotive catalysts.
• Tanaka Kikinzoku Kogyo: Japanese precious metals refiner with autocatalyst recycling operations. Comparable PGM recovery process and serves automotive recycling supply chains, primarily in Asia.
• Asahi Refining: North American precious metals refiner (formerly Republic Metals) with PGM recovery capabilities. Comparable as a regional refining peer serving North American scrap supply chains.
• Legend Smelting and Recycling: Sister company under Elemental North America with comparable catalytic converter recycling operations. The most operationally similar peer, sharing parent-level infrastructure, technology, and customer base.
• Johnson Matthey: UK-based precious metals and catalyst specialist that historically operated the largest PGM refinery for spent autocatalysts. Directly comparable in terms of PGM recovery process and customer base of scrap yards and OEMs.
• Heraeus Precious Metals: German precious metals specialist operating one of the world's largest precious metals refineries, including PGM recovery from spent catalysts. Direct peer on refining capability and PGM trading.

Broad incumbents

• BASF Catalysts: Global automotive catalyst OEM and PGM recycler through its Precious Metals Trading and Recycling arm. Comparable as a major buyer and refiner of spent autocatalysts, though its primary business is catalyst manufacturing rather than recycling-only.
• Sibanye-Stillwater: Major PGM miner with recycling operations in the PGM value chain. Comparable because it both produces and recycles PGMs (platinum, palladium, rhodium), though primary focus is upstream mining rather than converter recycling.
• Materion Corporation: U.S.-based advanced materials company with precious metals and beryllium refining capabilities, including recovery of PGMs from industrial scrap streams. Comparable as a U.S.-based refiner with precious metals recovery competency.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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