Cronimet subsidiary signs capacity agreement with battery maker

Cronimet Holding GmbH, a Germany-based recycler of stainless steel and other materials, and CNGR Advanced Material Co. Ltd, a China-based producer of battery precursor cathode active materials (pCAM) for lithium-ion batteries, have signed an agreement to expand Cronimet’s recycling capacity at its new Revomet Bitterfeld GmbH battery materials and battery recycling facility in Bitterfeld, Germany.

As part of the partnership, Revomet will install its first two processing lines at the new lithium-ion battery recycling facility in Bitterfeld. 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 next year.

The partnership enables CNGR and Cronimet to operate what they call one of the largest battery recycling facilities in Western Europe. The partners say they will evaluate further projects in Bitterfeld and other countries as demand for pCAM requires.

“CNGR Global Recycling and Cronimet have been in contact for more than a year and share a strong mutual trust, culminating in the investment at Revomet Bitterfeld,” says James Baek, CEO of CNGR Global Recycling.

“This partnership allows us to close the loop in the lithium-ion battery supply chain and establishes a sustainable recycling solution for the European market. We are confident that Cronimet provides the most ecological and efficient recycling technology and experience in Europe. By combining our expertise, Revomet Bitterfeld will become one of the most advanced recycling facilities.”

“At Cronimet, we believe in the power of collaboration and expertise to drive sustainability in the battery industry," adds Jürgen Pilarsky, CEO of Cronimet Holding. "The decision to create Revomet as our global battery competence center is a testament to our strategic focus on developing a sustainable battery materials supply chain. We are proud to have CNGR as our partner to establish the first recycling facility at our location in Bitterfeld.

“Leveraging our strengths in nickel and cobalt material recycling, and building on our mutual trust and shared interests, we aim to bring unparalleled efficiency and ecological responsibility to the forefront of battery recycling.”

Revomet is a newly founded Cronimet company focused on innovative and sustainable battery materials and recycling that has as its aim to reduce waste in the electric vehicle (EV) sector and establish itself as a key player in the industry with a global network and expertise.

Established in September 2014, CNGR Advanced Material Co. provides advanced energy materials, including high-voltage tricobalt tetraoxide, high-nickel nickel-cobalt-manganese (NCM) and lithium nickel-cobalt-aluminum oxide (NCA), to buyers in China, Europe, the United States, Japan and South Korea.