The technology developed by Anferra targets the complex mix of metal particles and abrasives that currently clogs waste systems. By extracting iron to produce ferric chloride—a standard agent for water treatment—and capturing hydrogen gas as a secondary energy source, the process claims a net climate benefit of negative 470 kg of CO2-equivalents per tonne. This shift could effectively repurpose up to 90% of the iron content found in grinding operations.

This capital injection marks the inaugural project for SKF Ventures, the firm's new arm dedicated to scaling circular innovations. By partnering with Stephen Industries and Chalmers Ventures, SKF aims to move beyond traditional waste management and integrate Anferra’s methods into its global supply chain. For SKF, the move is a strategic play to align with tightening EU waste regulations while securing a secondary raw material stream that reduces its dependence on virgin steel production.