Veolia Looks for Precious Metals in London Grime

Veolia Environnement SA (NYSE:VE), the French waste and water company, is cleaning Britain’s streets in the search for platinum and other precious metals that can be sifted from the grime.

As quoted in the market news:

The French waste and water company built a factory at Ling Hall in Warwickshire to extract rare metals blown out of vehicle exhaust filters and onto roads and sidewalks.

The technique, which also extracts palladium and rhodium used in the catalytic converters attached to exhausts, is part of a push to double sales from recycling to 5 billion euros ($6 billion) in five years. Veolia plans, with projects like the U.K. operation, to find new ways to recycle the millions of tons of garbage it collects each year.

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