News
New facility in Dubai set to refurbish 300,000 devices a year
Alchemy, the fastest-growing circular technology company globally, has opened a new facility in Dubai. Based at DAFZA, Dubai Airport Freezone in Dubai, the new location will process 300,000 devices a year, including phones, laptops, tablets, and smart watches, avoiding over 20,000 tonnes in CO2 emissions each year.
The devices, sourced from leading device manufacturers, retailers, and mobile carriers, will be resold into markets via Alchemy’s B2C online store LoopMobile, and Callisto which serves as a B2B reseller and auction platform.
This strategic move, along with the recent establishment of another location in Miami, sets the stage for a strong FY24 while marking the next step in Alchemy’s phenomenal growth and innovation in the circular technology market.
James Murdock, co-founder of Alchemy, says:
“Our newest facility in Dubai is a key component of our ongoing expansion plans. Now operating in 60 markets with facilities in 11 countries, Alchemy is positioned well to meet the rapidly growing demand for quality, affordable, refurbished tech.
“This expansion also supports our dedication to making a positive impact on our planet. Buying refurbished devices rather than new ones, and trading in devices no longer in use, is key to reducing carbon emissions. Adopting a circular approach to tech is essential to reducing the overall carbon footprint of tech and managing the problem of e-waste.”
Alchemy's pioneering technology seamlessly integrates every stage of the circular tech market, from trade-in to remarketing to businesses and consumers. The company went from zero to $443 million in annual revenue in five years, has traded over 5 million devices; operates across 60 markets, and has avoided an estimated 342,200 tonnes of CO2e.
