Friday, May 24, 2024

ESG impact on the M&A market

Sylwia Ziemacka talks to Dr Fabian Elzanowski, an attorney with over 12 years of experience in M&A and corporate law and a founding Partner...

Asia’s Poland meets Europe’s Korea

Poland and Korea were both ruled by foreign powers at the start of the 20th century, Poland partitioned between Austria, Germany and Russia, and...

Terra Electrorecycling plant now operational

Terra Electrorecycling, part of the Elemental Group, has opened a modern e-waste processing plants in Poland in Grodzisk Mazowiecki. The new installation will enable...

The Transformative Power of EdTech

In this enlightening video, we delve into the critical role of digital transformation in reshaping education systems globally. With education facing numerous challenges, the...

75 is the new 65

Age no longer bothers companies Every fifth employer (22%) plans to employ seniors, according to a study by the Progres Group. This number may increase...

Elemental Strategic Metals & Ascend Elements e-battery JV kicks off in Zawiercie

Elemental Strategic Metals, based in Zawiercie, and Ascend Elements, based in Westborough, Massachusetts, in April announced the formation of AE Elemental, a joint venture based in Zawiercie. The companies will own 50% in the JV and will be the operators of a newly built electric vehicle (EV) battery recycling plant, which will deal with dismantling, discharging and recycling EV batteries, including active cathode material (CAM) and cathode precursor (pCAM). The plant will have the capacity to recycle up to 12,000 tons of batteries per year, or approximately 28,000 EV batteries per year.

The co-owners of AE Elemental agreed on further joint investments in the field. Construction of a lithium extraction facility with a production capacity of up to 20,000 metric tons of black mass per year will begin in the fall of 2024, and is expected to become operational in 2026. In addition, the companies plan to start construction of a modern EV battery recycling plant in central Germany. The AE Elemental plant in Germany will have a recycling capacity of up to 25,000 tons of batteries per year, or approximately 58,000 EVs per year.

“This is a step towards becoming a key global player in the industry of materials necessary for the production of new EV batteries,” said Paweł Jarski, president of Elemental Holding. “The AE Elemental joint venture is a milestone for Ascend Elements, representing our first commercial-scale battery recycling facility in Europe,” said Mike O’Kronley, CEO of Ascend Elements.

Erol Dzhelik
Erol Dzhelik
I think we can overcome global challenges with mutual understanding, international cooperation and diplomacy. We offer you this insight at Poland Weekly.