Provision of a loan to co-finance the construction of a recycling facility for spent lithium-ion batteries for electric vehicles and autocatalysts containing platinum group metals (PGM). It will produce secondary metals and other materials that can be reused as input for the production of new batteries or other applications, providing an essential recycling service within the lithium-ion batteries value chain and circular economy.
For the company Elemental Holding S.A. the investment allows
(i) entering the new, developing market of Li-ion batteries recycling and
(ii) movement across the value chain for PGM recycling and generate additional margin.
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