Cerha Hempel, working with Clifford Chance Germany, has advised RHI Magnesita on its recycling and disposal joint venture with the Horn & Co Group. Oppenhoff reportedly advised Horn & Co.
According to Cerha Hempel, "RHI Magnesita and the Horn & Co Group have combined their recycling activities in Europe to increase the production, use, and offering of secondary raw material for the European refractory industry targeting a substantial reduction of carbon dioxide emissions. In the future, the newly created joint venture will operate as Horn & Co RHIM Minerals Recovery."
RHI Magnesita is an Austria-headquartered supplier of high-grade refractory products, systems, and solutions for a range of industries including steel, cement, non-ferrous metals, and glass. The Horn & Co Group is a German company specializing in the fields of processing, disposal, control, analysis, and sales.
"This partnership will position the future company at the forefront of the circular economy for customers in the steel, cement, glass, and other process industries," Cerha Hempel informed. "As a result, RHI Magnesita’s ambitious plans to globally increase the recycling rate in its products from below 3% in 2020 to more than 10% in 2025 can be achieved earlier – marking an important step towards a targeted 15% reduction in carbon emissions by 2025."
The Cerha Hempel team included Partner Anna Wolf-Posch, Counsel Michael Mayer, and Associate Zakar Stepanyan.