
We build and acquire companies that recover, process, and supply the minerals, chemicals, and materials essential to modern industry.
Essential minerals and specialty chemicals distinguished by exacting specifications, rigorous customer qualification, and constrained sources of reliable supply.
Recovery of valuable minerals, metals, and chemicals from industrial residues, process streams, and secondary feedstocks, creating economically advantaged sources of supply.
Proprietary and proven technologies that recover, separate, purify, and transform primary and secondary feedstocks into differentiated, specification-grade materials.
Mission-critical power, water, and electrical infrastructure underpinning the reliability, capacity, and resilience of industrial production.

Fluorcycle develops and operates resource-recovery facilities that convert fluorine-bearing by-products of semiconductor manufacturing into specification-grade synthetic fluorspar.
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Mr. Rohleder serves as leadership for IMC Holdings' operating businesses in physical trading, mineral processing & refining, transportation & logistics, renewable power & alternative fuels, and reinsurance.
Outside of his professional commitments, Mr. Rohleder serves as an Adjunct Professor at the University of Pennsylvania, where he teaches the course Climate Technology: Finance & Policy focused on the following areas of the climate economy: solar & wind, batteries, grid & vehicle applications, hydrogen, carbon capture, and circularity, critical minerals, and climate-focused insurance solutions. He currently serves as an Alumni Mentor at Columbia University's Climate School, as a Contributing Writer focused on climate, insurance, & geopolitics at Climate & Capital Media, and as a Mentor for the Rice University Clean Energy Accelerator. Mr. Rohleder is a former Forbes 30 Under 30 honoree and currently serves as a member of the global Forbes 30 Under 30 board as a representative for Texas.
Mr. Rohleder received a Master of Science in Environmental Studies with a concentration in Environmental Engineering and Technology from the University of Pennsylvania, where his research was focused on clean energy technology materials science alterations and substitutions in various clean energy transition scenarios, and a Master of Science in Sustainability Management with a concentration in Environmental Finance from Columbia University where his research was focused on the economics of waste to value conversion technologies in homogeneous and heterogeneous waste input scenarios.
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Previously, Mr. Banwart served as Commodities & Natural Resources Portfolio Manager and Investor at Millennium Management and Castleton Commodities (Louis Dreyfus). He has led billions of dollars of investments in companies, assets, and resources globally in addition to deep experience in physical and financial commodities trading and risk management. Mr. Banwart began his career in the investment banking department of Citigroup focusing on mergers & acquisitions and restructuring within the global financial institution and insurance industry during the Great Recession.
Mr. Banwart is a graduate of the University of Minnesota and was awarded the President's Environmental Youth Award by President George W. Bush.
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Mr. Jose was most recently a VP and Portfolio Manager for a multi-billion dollar single family office where he built the investment, diligence, and reporting processes. As an Investment Committee member he led the allocation process to private markets and direct deals. Previously, he worked for a series of private equity portfolio companies building corporate finance functions after acquisitions. He earned an MBA with honors from the University of Chicago Booth School of Business and a BBA in Finance and BS in Economics from Southern Methodist University.
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Mr. Tung is a former First Lieutenant in the Singaporean military and holds a Bachelors and Masters degree in sustainability from Columbia University. Mr. Tung has previous experience at New American Energy, J.P. Morgan, and Climate Commodities. After studying sustainability at Columbia University, Mr. Tung started his career as a renewable energy and agriculture technology analyst in the hedge fund space and as a seconded analyst to a green technology SPAC.
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Mr. Yeh is an environmental technology entrepreneur and executive with deep expertise and over 20 years of experience in industrial wastewater treatment and resource recovery. The holder of over 25 global patents, he co-founded Hydroionic Technologies Co., Ltd., where he led the research, development, and commercialization of proprietary hydrometallurgical wastewater treatment and heavy metal recycling technologies. Under his leadership, the company advanced and scaled from laboratory development through pilot programs to full-scale commercial field deployment; delivering innovative, cost-efficient, and environmentally sustainable solutions to clients in the semiconductor, electronic components, chip packaging, and electroplating industries.
Mr. Yeh holds a Juris Doctor (J.D.) from Georgetown University Law Center (1998) and dual bachelor's degrees in Economics and Comparative Government from Georgetown University (1995). His combination of legal, business, and technical expertise enables him to navigate complex regulatory, commercial, and operational challenges while driving innovation in environmental technology.
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