Advertising

Revomet and CNGR sign joint venture agreement

Revomet GmbH, a subsidiary of Cronimet Group, and CNGR Advanced Material have officially finalized their joint venture following the Heads of Agreement signed in December 2023. Once all conditions from the joint venture agreement have been met, CNGR will acquire a 25 percent stake in Revomet Bitterfeld GmbH, previously a wholly owned subsidiary of Revomet GmbH.
Revomet and CNGR sign joint venture agreement
From left: Jürgen Pilarsky (CEO and majority shareholder of Cronimet Holding Group) and Jay Yang (President EU and US CNGR). Copyright: Cronimet
Anzeige

Revomet Bitterfeld GmbH operates one of Europe’s most advanced facilities for recycling of battery scrap from the battery industry in Bitterfeld-Wolfen. The partnership’s goal is to recover valuable raw materials such as nickel, cobalt and lithium in the highest purity and return them to the production cycle.

“This partnership brings together cutting-edge recycling technologies, international market expertise and a strong logistics network – setting a new benchmark for sustainable value creation in the battery industry,” says Dr. Filipe Costa, Managing Director of Revomet GmbH.

Revomet contributes advanced recycling technologies, deep process know-how, and a strategically central location in Bitterfeld-Wolfen, complemented by offices in Leipzig and Karlsruhe. CNGR brings long-standing expertise in the production of precursors for active cathode materials (pCAM) as well as a worldwide network in the battery industry. Cronimet, as Revomet’s parent company, contributes its global network, decades of leadership in stainless steel recycling, as well as extensive logistics and collection capacities across Europe.

Source: Cronimet
Read about what matters in your industry
Newsletter
Stay informed and subscribe to our monthly RECYCLING magazine newsletter.
Register now

I consent to DETAIL Architecture GmbH regularly sending me individualised exciting news and events by email. The processing of my personal data is to be done in line with statutory provisions. I can rescind my consent in respect of DETAIL Architecture GmbH at any time.
close-link