Poland is set to become the first facility in the European Union (EU) for recycling both motive lithium-ion batteries and other waste containing metals in a bid to cope up with the continent’s growing adoption of electric vehicles.
The European Bank for Reconstruction and Development (EBRD) has loaned recycler Elemental Holding €25 million ($29.6 million) as part of a wider package to finance the construction of the facility.
The plant will be one of the first in the world to treat spent lithium-ion batteries for electric vehicles and other waste containing metals that are critical for e-mobility.
It will produce secondary metals and other materials to be reused in new lithium-ion batteries.
Elemental Holding is a Polish company that collects and recycles platinum-group metals and electrical waste. It has operations in Poland, other European countries, the Middle East and the US.
The facility will use state-of-the art innovative technology supplemented and co-financed by the Polish National Centre for Research and Development (NCBR) with the support of the European Commission.