Sims Metal Invests in Green Technology at Providence Facility

PROVIDENCE, R.I. (February 14, 2024) – Sims Metal, a global leader in metal recycling, announced today it has invested in a new electric car flattener, replacing its previous diesel model, at the local Sims Metal site on Allens Avenue. This new electric equipment is expected to reduce the site’s CO 2 emissions by 9.6 tons per year, which aligns with the company’s sustainability initiatives, as well as with the State of Rhode Island’s 2021 Act on Climate.

According to Mike Kiwanis, Director of Operations for Sims Metal, North Haven the Sims Metal Providence location, which operates on 100 percent renewable energy, has invested more than $300,000 to deploy the electric car flattener, which is used to flatten end-of-life vehicles prior to transport and recycling.

“This significant investment in new, greener technology demonstrates how we are delivering on our company purpose, create a world without waste to preserve our planet, ensuring our operations have as little impact on the environment as possible,” said Kiwanis.

He continued, “We also understand the importance the State of Rhode Island has placed on meeting its net-zero carbon emissions by 2050 goal, and we will continue to take every opportunity available to us through new technology to contribute to the achievement of those goals.”

The State’s 2021 Act on Climate set enforceable climate emissions reduction mandates, positioning the state to boldly address climate change and prepare for a global economy that is shifting to clean energy. The emissions mandates call for 45 percent below 1990 levels by 2030, 80 percent below those same standards by 2040, and fully net-zero emissions by 2050.

“I applaud the efforts of Sims Metal to reduce its carbon footprint to every extent possible well in advance of the Act on Climate’s mandates,” said Mayor Brett P. Smiley. “This is also a positive step forward for our port which needs to become an effective part of our local green economy. My Administration is committed to working with partners like Sims Metal to meet our sustainability and resiliency goals.”

The electric car flattener that was purchased by Sims Metal was manufactured by Overbuilt based in South Dakota. This equipment weighs approximately 60,000 pounds and has the power to crush up to 159 tons with state-of-the-art controls and automation. For more information about Sims Metal, Providence please visit the company website.

About Sims Metal
Sims Metal is a world leader in ferrous and non-ferrous metal scrap recycling with operations in North America, Australia, New Zealand, and the United Kingdom. Its business activities comprise collecting, processing, separating, and selling scrap metals. Sims Metal creates values by enabling decarbonisation and circular economies. Sims Metal’s customers produce essential metals, such as steel, aluminium, and copper, for the function of modern economies.
However, producing these metals from virgin materials and using traditional methods is highly carbon intensive. Recycled metal reduces the substantial greenhouse gas emissions produced during smelting and other processing operations required to make steel, copper, and aluminium. Sims Metal is the largest and oldest segment of Sims Limited.

Sims Limited
Founded in Australia in 1917, Sims Limited is a global leader in metal recycling and the provision of circular solutions for technology. Employing over 4,000 employees globally, the company operates more than 280 facilities across 14 countries. Sims Limited plays a vital role in helping increase circularity and decarbonisation by supplying recycled materials and re-purposed products. The company’s ordinary shares are listed on the Australian Securities Exchange (ASX: SGM), and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY). The Company’s purpose, create a world without waste to preserve our planet, is what drives its constant innovation and leadership in the circular economy.
###

Media Contact: Stephanie Oden
Global Marketing and Communications Manager
stephanie.oden@simsmm.com