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European Bank delivers loan for Polish lithium-ion battery recycling centre

Fri, 04/16/2021 - 10:20 -- Paul Crompton

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.

The project benefited from technical cooperation support provided by the Taiwan Business-EBRD Technical Cooperation Fund and Spain.
 
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