€25 million to Elemental Holding: first car batteries recycling plant

With the help of the European Union, Poland will become the site of the first facility in the EU for recycling both car batteries and other waste containing metals, in response to the rapid rise of electric vehicles.

The European Bank for Reconstruction and Development (EBRD) will provide a loan of up to €25 million to Elemental Holding, which is a Polish company engaged in the collection and recycling of platinum-group metals and electrical waste, for a pioneering new facility to treat spent lithium-ion batteries for electric vehicles and other waste containing metals that are critical for e-mobility.

EBRD Manufacturing and Services Director Frederic Lucenet said this is an outstanding example of how new technology and progress with the green economy are working hand in hand. “The EBRD is actively supporting Poland’s ambitious agenda to become a low-carbon economy and has already financed several large e-mobility projects with domestic and foreign investors,” he said.

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