Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Neometals Ltd - London-based battery materials from upstream extraction and downstream processing - Joint venture Primobius GmbH will partner with automaker Mercedes-Benz AG on a new battery recycling plant.
Under the partnership, Primobius will work on the design and construction of a 2,500 tonnes per annum lithium-ion plant, and is expected to be built in two stages and commence production in 2023.
The plant will be situated at Kuppenhein, Germany.
‘We are proud that Mercedes-Benz, one of the greatest names in the automobile industry, has announced its intention to partner with Primobius. Mercedes-Benz has made public its clear commitment towards sustainable battery recycling, with Primobius as its preferred technology partner for the design and construction of an integrated recycling plant in Kuppenheim,’ says Chief Executive Officer Chris Reed.
Current stock price: xxxxxx
12-month change: up/down xx%
Copyright 2022 Alliance News Limited. All Rights Reserved.