23.6 C
Belgrade
Supported byspot_img
spot_img

Primobius Secures Significant Order from Mercedes-Benz for Sustainable Solutions

Member of Europium Groupspot_img
Supported byspot_img

Lithium recycler Primobius has received a purchase order from Mercedes-Benz for the supply of a hydrometallurgical refining hub.

Primobius is a 50/50 joint venture (JV) between Australian battery materials producer Neometals and German global plant manufacturer SMS Group that focuses on developing sustainable processes for recovering and recycling lithium-ion (LiB) batteries. The company is currently commercialising a patented LiB recycling process through a plant supply and technology licensing business model.

The hub for Mercedes is expected to be installed at its Kuppenheim operation in Germany, which is under construction.

Supported by

The order is valued at about €18.8 million ($30.7 million) and was awarded to Primobius under the cooperation arrangement it has shared with Mercedes since May 2022, where Primobius is responsible for the engineering, equipment supply and installation of a 2500-tonnes-per-annum fully integrated, closed loop Mercedes LiB recycling pilot plant.

The plant is Mercedes’ first entrance into the lithium-ion battery recycling sector and intends to cut resource consumption and establish closed-loop recycling of battery raw materials. It also coincides with Mercedes’ goal in becoming an “electric only” company.

“We are proud to partner with Mercedes in its journey to lead the closed-loop recycling of lithium batteries,” Neometals managing director Chris Reed said.

“The relationship exemplifies some of the unique aspects to Primobius’ business model. One of these is the ability to supply plant and offer technology licences so original equipment manufacturers can retain their battery materials from scrap and end-of-life batteries.” The facility aims to recover battery materials such as lithium, nickel and cobalt for the production of 50,000 battery modules to be installed in new Mercedes vehicles.

“Primobius looks forward to working with Mercedes to scaleup the technology and provide an industrial scale recycling solution to meet their future needs,” Reed said. The hub order symbolises the completion of Primobius’ contractual arrangements relating to the pilot plant’s construction.

 

Source: Battery Industry

Supported byElevatePR Digital

Related News

ACG Metals completes $290M acquisition of Gediktepe mine in Turkey

ACG Metals has successfully completed a $290 million acquisition of the Gediktepe mine in Turkey's Balıkesir Province. The mine, which is currently producing gold...

Osmond Resources acquires major interest in Spanish critical minerals development

Osmond Resources is set to strengthen its position in the European critical minerals market with the acquisition of a significant interest in the Orion...

Turkey pursues China partnership for rare earths processing to boost EV industry appeal

Turkey is seeking to form a partnership with China to develop and process its newly discovered rare earth elements deposit, potentially enhancing its appeal...

Ukrainian company Velta secures €7.3 million EU grant for advanced titanium processing

Ukrainian company Velta, based in Novomyrhorod (Kirovohrad region), has been awarded a €7.3 million grant from the European Union for a four-year project aimed...
Supported by
Supported by
Supported by
error: Content is protected !!