What Gemini does

Gemini Corporation NV is a privately held circular economy market maker founded in 1989 in Antwerp, Belgium by Surendra Patawari. The company sources, inspects, and distributes approximately 2 million tonnes of recyclable raw materials annually across five core streams — plastic, paper, metal, rubber, and wood — with a sixth ancillary category covering crude glycerin, organic fertilizers, and used cooking oil (UCO) for renewable energy. Gemini holds 22.97% market share in total polyethylene plastic scrap exports from Belgium and operates 1.3 million tonnes per year of steel, aluminium, and copper recycling and supply chain management. The business is anchored by a proprietary '100% Inspection' quality control methodology that standardizes the otherwise non-standard plastics scrap industry, and an end-to-end traceability system using proprietary mobile and web applications, with collector locations audited by Big4 accounting firms for Extended Producer Responsibility (EPR) compliance.

The company operates 47 offices across 75+ countries with a direct B2B sales-led go-to-market model, serving industrial manufacturers (plastic recyclers, steel manufacturers, paper mills, rubber processors, wood panel manufacturers) and brand owners/FMCG companies requiring EPR compliance services. Revenue is generated through transaction-fee based commodity trading and professional services for EPR compliance. Pricing is quote-based and negotiated individually with no public pricing tiers. The company's wholly-owned subsidiary Gemcorp Recycling & Technologies Private Limited, incorporated in India in 2019, provides baling machines, working capital finance, and social upliftment infrastructure for informal sector waste collectors — targeting 50,000+ tonnes of Indian plastic recycling by 2025 and 80,000 tonnes over three years. Gemini is signatory to the Ellen MacArthur Foundation and UN Environment Programme's New Plastics Economy Global Commitment, with Surendra Patawari chairing the SMI Plastics Taskforce and serving on the WEF Advisory Board and AEPW Board of Directors.

Name

Gemini

Legal name

Gemini Corporation NV

Website

https://geminicorp.be

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Gemini Corporation is a Belgium-based circular economy market maker founded in 1989, trading 2 million tonnes of recyclable materials (plastic, paper, metal, rubber, wood) annually across 75+ countries through 47 offices, serving industrial manufacturers and brand owners with EPR compliance needs.

Ownership category

akta.pro rank

Headquarters

HQ city

Antwerp

HQ country

Belgium

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Recyclable Materials Trading: Core business of trading and exporting recyclable materials including plastic, paper, metal, rubber, and wood scrap. Handles over 2 million tonnes annually. Operates on total recycling concept - exports plastic scrap to recyclers and buys back their reprocessed output as raw material for new products.
2. EPR Compliance Services: Provides Extended Producer Responsibility (EPR) compliance services through subsidiary GemCorp Recycling India, offering end-to-end traceability and sustainability promise for brands meeting their EPR obligations.
3. Logistics and Supply Chain Services: Multi-modal logistics services supporting the trading operations, facilitating high-quality, timely service delivery at competitive pricing across global network.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Gemini Corporation NV is a sourcing, inspecting, and logistics company for recyclable raw materials, trading approximately 2 million tonnes annually of plastic, paper, metal, rubber, and wood scrap across 75+ countries via 47 offices. The company standardizes the non-standard scrap industry through its proprietary 100% Inspection concept and offers end-to-end traceability for Extended Producer Responsibility (EPR) compliance, supplying recycled raw materials to industrial manufacturers and brand owners globally.

Product overview

Gemini Corporation NV is a circular economy market maker that operates as a trading and recycling platform for recyclable materials. The company processes approximately 2 million tonnes of recyclable materials annually through its portfolio of six core product categories: Plastic (recycled scrap with 22.97% Belgium export market share), Paper (stock lots and surplus materials), Rubber (tyres and rubber products), Metal (over 1.3M tons/year of steel, aluminium, copper), Wood (over 100,000 CBM/year of panels), and Other Products (crude glycerin, organic fertilizers, used cooking oil). The company also operates GemCorp Recycling, an India-based subsidiary focused on plastic recycling ecosystem development. Gemini's business model centers on the '100% Inspection' concept for value addition, with operations spanning 75+ countries through 47 offices.

Differentiator

Problem solved

Functional benefit

Brands

• GemCorp Recycling: Subsidiary focused on plastic recycling ecosystem in India, providing infrastructure, logistics, working capital finance, and social upliftment for waste collectors and aggregators.

Products and services

• Plastic (Recycled Scrap) Recycled plastic materials including PET scrap, engineering plastics (ABS, PS, PC-ABS, PC, PMMA, PA), regrinds, recycled granules, near prime/off grade materials, and virgin plastics. Over 400,000 tonnes recycled annually with 22.97% market share in polyethylene plastic scrap exports from Belgium. Supplied to plastic recyclers and manufacturers.
• Paper Redundant stock lots and surplus paper rolls and sheets including gray paper, newsprint, magazine print, release paper, pre-printed kraft paper, testliner, fluting, medium, semichem, duplex board, and OCC (Old Corrugated Cartons). Supplied to paper mills and manufacturers.
• Rubber Recyclable rubber products including baled tyres, shredded tyres, rubber powder and granulates (crumb rubber), butyl tubes, and buffing powder. Sourced from Europe, USA, UK & Ireland, Australia & New Zealand. Supplied to rubber processors and manufacturers in India, Pakistan, South Korea, Middle East, and Latin America.
• Metal Recycled metals including ferrous scrap, non-ferrous scrap, stainless steel scrap (304, 316, 430 grades), secondary and prime steel coils and sheets, hot roll coils, cold roll coils, HDG coils, and steel slabs/billets. Over 1.3 million tonnes per year. Supplied to steel manufacturers.
• Wood Wood products including Medium Density Fiberboards (MDF), chipboards, logs, timber/lumber, particle boards, melamine face boards, and OSB panels. Over 100,000 CBM per year. Supplied to wood panel manufacturers in the Middle East and Southeast Asia.
• Other Products (Crude Glycerin, Organic Fertilizers, UCO) Export of Crude Glycerin (purity 75%, 80%, 90%, 99% in ISO and flexi tanks), Organic Fertilizer (poultry manure from UK and EU with NPK standards), and Used Cooking Oil (UCO) with ISCC certification for renewable energy production.
• GemCorp Recycling & Technologies India Subsidiary operating plastic recycling ecosystem in India, providing infrastructure, logistics, working capital finance, and EPR compliance services to brands. Provides baling machines, works with small aggregators to industries for waste collection, and operates PCB certified recyclers. Targets recycling of more than 50,000 tonnes of plastic by 2025.

Quantifiable outcome

• 22.97% market share in polyethylene plastic scrap exports from Belgium
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Suravi Charitable TrustminorStrategic or Co-development Partner · 1 January 2019Partnership with Suravi Charitable Trust for dental health services in Momasar, India. Dr. Marilyn Huysman and Just Russel collaborated on dental camps and school sessions.
• World Economic Forum (WEF)coreStrategic or Co-development PartnerMr. Surendra Patawari serves on the Advisory Board of WEF. Gemini participates in WEF Annual Meetings, New Champions Awards, and various WEF initiatives. Company featured in WEF's Global Plastic Action Partnership and attended Climate Week NYC events.
• Alliance to End Plastic Waste (AEPW)coreStrategic or Co-development PartnerMr. Surendra Patawari serves on the Board of Directors of the Alliance to End Plastic Waste. Company actively participates in AEPW Board Meetings including at New York Stock Exchange. Contributes to circular plastics economy initiatives in India.
• Sustainable Markets Initiative (SMI)coreStrategic or Co-development PartnerMr. Surendra Patawari serves as Chair of the SMI Plastics Taskforce led by HRH Prince Charles. Participated in SMI Champions Meet at St. James Palace in London and SMI CEO Summit in New York.
• Ellen MacArthur FoundationcoreStrategic or Co-development PartnerGemini signed the Ellen MacArthur Foundation and UN Environment Programme's New Plastics Economy Global Commitment, joining over 450 signatories to address plastic waste and pollution. Member of EMF network participating in New Plastics Economy initiative.
• Global Alliance for Trade FacilitationminorStrategic or Co-development PartnerGemini became partner to the Global Alliance for Trade Facilitation, supporting trade facilitation initiatives globally.
• Global Plastic Action Partnership (GPAP)coreStrategic or Co-development PartnerGemini Corporation N.V. joined WEF's Global Plastic Action Partnership, participating in multilateral sessions at Sustainable Development Impact Summit (SDIS) 2021 and Digital Townhalls.
• CIRCLE AlliancecoreStrategic or Co-development PartnerMr. Surendra Patawari participated as panellist at CIRCLE Alliance Roundtable at WEF Davos 2024, launched by Unilever, USAID, and EY to reduce plastics use, improve livelihoods, empower women, and protect environment.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Stena Recycling: Swedish-based multi-material recycling group operating across metals, electronics, paper, plastics, and hazardous waste with global operations. Closely comparable to Gemini's diversified multi-material recycling platform and Northern European heritage.
• EMR Group: UK-headquartered European Metal Recycling group operating scrap collection, processing, and trading with global operations. Highly comparable on cross-border metal scrap trading business model and European base.
• Schnitzer Steel Industries: One of the largest metal recyclers in North America, operating ferrous and non-ferrous scrap collection, processing, and trading. Direct comparable on the metal recycling/trading model that represents Gemini's largest revenue stream (1.3M tonnes annually).
• Sims Metal Management: Australia-headquartered global metal recycler operating ferrous and non-ferrous scrap collection, processing, and trading across multiple continents. Closely comparable to Gemini's metal recycling trading model and global footprint.

Emerging players

• MBA Polymers: US-headquartered advanced plastics recycler producing post-consumer recycled resins from complex waste streams. Comparable on plastic recycling technology focus and serves similar industrial customer base requiring high-quality recycled plastics.
• TOMRA Systems: Norwegian technology company providing sensor-based sorting and recycling solutions for waste streams. Relevant as an adjacent technology enabler that competes for value in the recycling supply chain where Gemini operates.

Broad incumbents

• Republic Services: US-based major waste management company providing solid waste collection, recycling, and disposal services. Comparable in recycling market participation but operates primarily domestically with a collection-focused model rather than Gemini's export-oriented trading model.
• Suez Recycling and Recovery: French multinational providing water and waste management services with substantial recycling and recovery operations globally. Comparable broad environmental services peer with overlapping recycling activities but much larger and more diversified portfolio.
• Waste Management Inc. North America's largest waste services provider with extensive recycling operations and materials trading. Comparable as broad recycling and materials management incumbent but at vastly larger scale and with different geographic and operational focus.
• Veolia Environnement: French multinational providing water, waste, and energy management services globally with significant recycling operations. Comparable as broad environmental services player, but Gemini is more focused as a circular economy market maker while Veolia operates at much larger scale across many services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks2 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCjJPhqtPQMXJ3xqVGLcPQBg
• Xx.com/nvgemini

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gemini