Recycling Solutions

What Recycling Solutions does

Recycling Solutions is a Kyiv-headquartered, privately held Ukrainian operator founded in 2012 that processes and commercially redistributes industrial by-products — principally fly ash, bottom ash, granulated blast furnace slag, dumped slag, and aluminosilicate microspheres — generated by the country's metallurgical, thermal power, and coking industries. Its core technology is physical separation, drying, classification, and logistics handling of these materials, anchored by a microsphere factory in Burshtyn (Ivano-Frankivsk Oblast) with up to 2,000 tonnes per year of capacity that was relocated from Druzhkivka (Donetsk Oblast) during 2022–2024 under wartime conditions. The company runs a group of subsidiaries (TOV 'Resaykling Solyushyns', 'Ukrainian Mineral Fertilizers', 'ARNOKS', 'RIDZHEN') that share back-office and document workflows, and it operates accredited labs at processing sites.

The business is a B2B industrial commodity model: products are priced per metric tonne via quote-offer invoices with 100% prepayment, with terms governed by a publicly disclosed supply agreement and Incoterms 2020 delivery. Revenue is generated from three product lines (coal combustion products, metallurgical slags, and aluminosilicate microspheres) sold primarily to cement and concrete producers, road construction firms, and specialty materials manufacturers in Ukraine and 22+ export markets. Distribution relies on direct sales managed by account executives and an inside sales operation, with rail as the primary logistics mode and sea freight for international shipments. Reported 2024 throughput was 1.86 million tonnes across slag and ash products (a 34% YoY increase), with granulated slag exports of 718,000 tonnes representing over 80% of Ukraine's total EU-bound granulated slag flows; gross revenue grew 71% in 2024 and the company contributed UAH 28.3 million in taxes (+50% YoY).

Name

Recycling Solutions

Legal name

ТОВАРИСТВО З ОБМЕЖЕНОЮ ВІДПОВІДАЛЬНІСТЮ «РЕСАЙКЛІНГ СОЛЮШИНС»

Website

https://re-solutions.com.ua

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

Recycling Solutions is a Kyiv-based Ukrainian industrial by-product processor that collects, treats, and sells fly ash, metallurgical slag, and aluminosilicate microspheres to cement, construction, and specialty-materials buyers domestically and across 22+ export markets.

Ownership category

akta.pro rank

Product category

Industrial Materials Recycling

NAICS

Materials Recovery Facilities (56292), Waste Management and Remediation Services (562)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Metals Recycling & Processing (Ferrous/Non-Ferrous) (BPALADAF)

akta.pro secondary industry

Recycled Aggregates & C&D Materials Processing (RCA, RAP, Glass Aggregate) (IMAKAHAI)

Keywords

• Industrial by-products recycling
• Granulated slag supply
• Fly ash processing
• Microsphere manufacturing
• Industrial waste management

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Sale of ash-slag products: Recycling Solutions generates revenue primarily from selling processed industrial by-products including granulated slag, dumped slag, dry ash, bottom ash, and other coal combustion products. Products are sold by metric tonne to industrial buyers (cement plants, concrete producers, construction companies, road builders) domestically and internationally. Pricing is market-based and may be revised depending on market conditions. The company achieved UAH 1.1 billion in gross income in 2020, and 71% revenue growth in 2024.
2. Microsphere sales: The company processes and sells aluminosilicate microspheres produced from TPP ash, exporting approximately 521 tonnes in 2023 to customers in the Netherlands, Italy, Germany, and Turkey for use in construction, insulation, drilling fluids, and refractory materials.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Recycling Solutions collects, processes, and commercializes industrial by-products from Ukraine's metallurgical, thermal power, and coal industries. Core products include granulated blast-furnace slag, dumped slag, fly ash, bottom ash, and aluminosilicate microspheres, sold per metric tonne to cement plants, concrete producers, road builders, and specialty materials manufacturers in 22+ countries. The company also provides end-to-end waste management services covering audits, logistics optimization, and market placement for secondary raw materials.

Product overview

Recycling Solutions is a comprehensive operator managing by-products and waste from Ukraine's metallurgical, thermal power, and coal industries. The company operates across three core product lines: (1) coal combustion products (fly ash, bottom ash, boiler dust — collectively золошлакові матеріали), (2) metallurgical slags (blast furnace and steelmaking slags), and (3) aluminosilicate microspheres processed at its relocated Burshtyn factory. In addition to product sales, the company offers a waste management advisory and execution service that covers auditing, logistics optimization, and market placement for secondary raw materials. All products serve domestic and export markets in construction, cement, and industrial applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Coal Combustion Products (Золошлакові матеріали) By-products of coal combustion at thermal power plants (fly ash, bottom ash, boiler dust), collected and processed by Recycling Solutions for sale to cement plants, concrete producers, brick makers, road builders, and building-mixture producers in Ukraine and the EU.
• Metallurgical Slags (Металургійні шлаки) Slag waste from iron and steel production (blast-furnace and steelmaking slags) collected from Ukrainian metallurgical plants, processed, and sold as a supplementary cementitious material for cement production and as aggregate for road construction.
• Aluminosilicate Microspheres (Мікросфера) Hollow aluminosilicate microspheres produced as a fine by-product of high-temperature coal combustion at thermal power plants, processed at the Burshtyn factory (capacity up to 2,000 tonnes/year) and exported for refractories, drilling fluids, thermal insulation plasters, and lightweight concrete applications.
• Waste Management Services (Управління відходами) Strategic waste and by-product management service for industrial clients, covering waste audits, logistics optimization, marketing and sales of secondary raw materials, and support in arranging financing for new processing facilities.

Quantifiable outcome

• Recycling Solutions doubled export volumes and increased gross revenue by 71% in 2024
• +7 more outcomes

Named customers9 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

Feature2 records

Partnerships

Five partnerships are on record, tiered minor and core.

• ТОВ «РІДЖЕН» (RIDZHEN LLC)minorStrategic or Co-development Partner · 1 June 2024Recycling Solutions (specifically ТОВ «РЕСАЙКЛІНГ СОЛЮШИНС») has entered into an electronic document management agreement with RIDZHEN LLC, enabling both parties to exchange contractual and primary documents electronically. The agreement was established as part of Recycling Solutions' broader effort to digitize document workflows with counterparties.
• ТОВ «АРНОКС» (ARNOKS LLC)minorStrategic or Co-development Partner · 1 June 2024Recycling Solutions (specifically ТОВ «РЕСАЙКЛІНГ СОЛЮШИНС») has entered into an electronic document management agreement with ARNOKS LLC, enabling both parties to exchange contractual and primary documents electronically.
• ТОВ «УКРАЇНСЬКІ МІНЕРАЛЬНІ ДОБРИВА» (Ukrainian Mineral Fertilizers LLC)minorStrategic or Co-development Partner · 1 June 2024Recycling Solutions (specifically ТОВ «РЕСАЙКЛІНГ СОЛЮШИНС») has entered into an electronic document management agreement with Ukrainian Mineral Fertilizers LLC, enabling both parties to exchange contractual and primary documents electronically. This company is part of the broader RECYCLING SOLUTIONS group of companies.
• CRH — Ożarów Cement PlantcoreChannel Partner/ Reseller/ Distributor · 21 November 2023CRH's Ożarów Cement Plant in Poland became Recycling Solutions' first customer for dry ash exports to the EU. Together, the companies developed the method and technical solution for transhipping fly ash — previously considered impossible due to its volatile nature and lack of Ukrainian terminals. The first trial shipment of 134 tonnes of dry ash was sent to Poland. This partnership positioned Ukraine as a dry ash supplier to EU cement manufacturers.
• DTEK (ДТЕК)coreStrategic or Co-development Partner · 4 October 2019Recycling Solutions works with 10 Ukrainian thermal power plants, including those owned by DTEK (the largest private energy company in Ukraine). The partnership involves collecting and processing ash-slag products from TPP operations. At Ladyzhynska TPP, Recycling Solutions has an outsourced fly ash pneumatic collection facility where the company's personnel operate.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Charah Solutions: US-based processor and marketer of coal combustion products (fly ash, bottom ash) and other utility by-products for the cement and concrete industries. Highly comparable business model to Recycling Solutions' ash-slag processing and direct sale to cement/concrete end users.
• Eco Material Technologies: North America's largest marketer of fly ash and supplementary cementitious materials, also processing coal combustion by-products. Directly comparable to Recycling Solutions' fly ash processing, classification, and sale to cement producers.
• Boral Limited: Australian building materials and fly ash company with a substantial fly ash and supplementary cementitious materials business serving cement and concrete customers globally. Comparable in processing CCPs into SCMs and selling into cement/concrete value chains.
• Separation Technologies (Titan America): A subsidiary of Titan Cement Group that processes fly ash from coal-fired power plants into high-quality SCMs for the concrete industry. Highly comparable technology and customer overlap with Recycling Solutions' ash processing business.

Broad incumbents

• Holcim: Global cement and aggregates major that consumes large volumes of granulated slag and fly ash as clinker substitutes and offers competing low-carbon cement solutions. Broad incumbent in the same end markets Recycling Solutions serves.
• Cemex: Global cement and ready-mix concrete major with Vertua low-carbon product lines that consume significant volumes of supplementary cementitious materials including slag and fly ash. Operates in overlapping geographies and customer segments.
• Titan Cement Group: International cement and building materials group operating across Europe, the Mediterranean, and the US. Operates Separation Technologies (a direct Recycling Solutions analogue) and competes in low-carbon cement markets relevant to the company's value proposition.
• CRH plc: Global building materials group and Recycling Solutions' first dry-ash EU export customer. Operates cement plants that consume slag and ash, positioning CRH as both a customer and a broad competitor in low-carbon cement supply.
• Heidelberg Materials: Global cement and aggregates leader with operations in Ukraine (a Recycling Solutions customer) and across Europe. Competes for the same low-carbon cement substitute procurement and operates in overlapping construction materials value chains.

Emerging players

• SCB International (Slag Aggregate): European trader and processor of granulated blast furnace slag and steel slag for cement and concrete markets. Comparable in geographic focus (EU imports) and product mix (granulated slag for cement) to Recycling Solutions' export business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/recyclingsolutionsua
• LinkedInlinkedin.com/company/recycling-solutions-ua

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

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 Recycling Solutions