Poland builds 1st recycling plant for car batteries with EBRD financing
With the help of a loan of up to EUR 25 million from the European Bank for Reconstruction and Development (EBRD), Poland will become the site of the first facility in the European Union for recycling both car batteries and other waste containing metals, in response to the rapid rise of electric vehicles (EVs), the London-based European bank said.
The EBRD financing for Elemental Holding S.A. will be part of a wider package raised to finance the construction of the pioneering facility.
The company has operations in Poland, other European countries, the Middle East and the United States of America.
The plant 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.
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