Rotem Energy Mineral (REM) - Limited Partnership
RTEN.TA
Tel Aviv Stock Exchange33.90
ILA
-1.40
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Rotem Energy Mineral (REM) - Limited Partnership
RTEN.TA
(Tel Aviv Stock Exchange)
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33.90
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div
yld
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ROIC.AI
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- Business
- Rotem Energy Mineral (REM) - Limited Partnership (TASE: RTEN) engages in the development and operation of energy recovery facilities from plastic waste and oil shale in Israel's Mishor Rotem industrial zone in the Negev Desert; core activities encompass large-scale pyrolysis-based processing of approximately 200,000 tons of annual plastic waste, equivalent to 20% of Israel's total, to generate electricity, sulfuric acid, and oil shale ash for cement industries; outputs include up to 100 MW of electricity, 25,000 tons of 98% pure sulfuric acid for chemical, construction, and infrastructure sectors, and 1,000,000 tons of ash as a sustainable cement replacement promoting circular economy principles; the partnership utilizes oil shale overburden from local phosphate mining as a hot solids recycle stream, eliminating external energy needs while converting sulfur pollutants into valuable products and minimizing emissions in line with EU Waste-to-Energy policies. Founded in 2016 with Northwood Exploration Israel Ltd. as general partner and headquartered at 94 Yigal Alon Street in Tel Aviv, Israel, REM completed its initial public offering on the Tel Aviv Stock Exchange in November 2018 and operates solely within Israel targeting national waste management and energy markets. The partnership maintains a strategic technology and licensing agreement with Enefit Group, a leading Northern European energy recovery provider, for plant design, construction, and operation; no major funding rounds, acquisitions, or operational shifts reported in 2024-2025.