Since 2001, David D’Addario has served as chairman and CEO of Dada Holdings, a Florida-based investment and management company that caters to client companies in various industries. Recently, the company launched ElementUS Minerals LLC, a joint venture with Enervoxa. Chaired by David D’Addario, ElementUS Minerals transforms waste residue into low-carbon footprint materials.
According to the World Bank, at least 33 percent of waste generated worldwide annually is not managed in an environmentally safe manner. The organization also estimates that by 2050, waste generation will increase by about 60 percent. These concerns have triggered the need for the utilization of waste as a renewable energy source. Waste to Energy (WtE) refers to a number of technologies for generating energy from waste, such as landfill gas recovery, incineration, pyrolysis, and gasification. These processes can make a significant impact in reducing the emission of greenhouse gasses such as methane, which is a major contributor to climate warming, and far more potent than carbon dioxide. Through WtE technologies, nonrecyclable waste can be used to generate heat, electricity, biofuels, and other forms of useful energy. Asides from concerns about environmental sustainability and climate change, the limited land availability for landfill sites in many cities has also increased interest in WtE technologies. In addition, the United States Department of Energy’s Bioenergy Technologies Office has shown interest in utilizing a number of waste streams in the country for these processes. Another advantage of these technologies is that they facilitate the recovery of valuable resources such as metals, which would otherwise be disposed of.
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David D'Addario is a business leader and a resident of Fort Lauderdale, Florida, and has overseen industrial businesses for nearly four decades. He is a dedicated community leader and a member of various institutional and nonprofit boards. David D'Addario previously served as the chairman and CEO of Wise Metals Group LLC, a leading global producer of aluminum can stock for the beverage and food industries.
Industry trends disclosed a decline in the United States' primary aluminum production in 2021, owing to surging manufacturing costs. Conversely, the United States emerged as a leading manufacturer of secondary aluminum, which incurs relatively fewer energy and financial burdens. The demand for North American aluminum also remained consistent through the first three quarters of 2022. In February 2022, the White House released a statement affirming its commitment to promoting clean manufacturing comprising low-carbon aluminum manufacturing. The statement indicated the end goal of engendering stakeholders to invest in green steel and aluminum manufacturing, within and outside the country. Projections also point in the direction of the global aluminum industry achieving a valuation of $498 billion by 2030. This is premised on a compound annual growth rate of 5.8 percent starting from 2022, with the 2030 estimate representing more than twice the 2021 valuation. Florida-based investment and management company Dada Holdings is run by David D’Addario, who serves as its chief executive officer. David D’Addario is also the chairman of ElementUS Minerals, LLC, which is a Dada venture.
ElementUS Minerals is a private venture whose fundamental objective is to extract and refine the component elements that make up bauxite residue, which is a waste product from the alumina refinement process. These include cerium and neodymium, which are rare earth elements, as well as other important metals and minerals. The company's refinement process is beneficial to the environment in several ways. First, ElementUS Minerals contributes to a cleaner environment by cleaning up and recycling bauxite residue. This lessens the carbon footprint of alumina refineries and provides a resourceful solution to developing environmental concerns around bauxite waste. The company's recycling process also ensures that bauxite waste is converted into valuable materials and products. Bauxite has a concentration of ten rare earth elements, and it also contains minerals and metals that are valuable to the government and many industries. ElementUS Minerals uses environmentally friendly processing technology to extract these strategic materials. It also refines them into valuable products such as coagulants, calcium carbonate, and silica oxides. Due to the fact that all the materials are above ground and contained in the bauxite residue, invasive activities that damage the environment such as mining and excavation are not required. This means that the recycling process has zero mining impact on the environment. |
AuthorDavid D'Addario - Growth-Focused Metals Executive. Archives
October 2023
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