Polish company
The facility will treat both car batteries as well as other waste containing metals critical for e-mobility in response to the rapid rise of electric vehicles.
Elemental Holding’s facility will produce secondary metals and other materials that can be reused as raw materials for new batteries or other applications, providing an essential service in the lithium-ion batteries value chain.
These batteries are a core component of electric vehicles, sales of which are forecast to overtake those of petrol- and diesel-powered cars as the transition to a low-carbon economy progresses.
The project will reduce greenhouse gas emissions and support the circular economy in the e-mobility sector, the EBRD said. The production and use of recycled batteries and metals can lead to carbon savings as high as 98% compared to their primary counterparts, as well as to more efficient use of scarce natural resources.
The facility entails the deployment of state-of-the art innovative technology supplemented and co-financed by the
The project also benefited from technical cooperation support provided by the
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