Under the terms of the agreement, CNGR’s investment will allow it to become a strategic partner of Revomet. Under the partnership, Revomet will install its first two processing lines at the new lithium-ion battery recycling facility in Bitterfeld, Germany. The new installation will have an annual capacity of 28,000 metric tons, and the first line is expected to be operational in the first half of 2024.
This partnership enables CNGR and Cronimet to operate one of the largest battery recycling facilities in Western Europe. The partners will evaluate further projects in Bitterfeld and other countries as demand requires.