Cylib Secures €26.1M EU Funding for Europe's Largest Battery Recycling Plant
Cylib has secured a significant funding boost for its ambitious recycling project. The company has received €26.1 million from the European Union's EFRE/JTF program in NRW to build a large-scale lithium-ion battery recycling facility at the CHEMPARK in Dormagen.
The funding will finance the first expansion stage of the industrial plant, focusing on processing black mass and recovering critical raw materials from end-of-life batteries. Cylib's innovative OLiC process is set to recover more than 90% of these materials, significantly reducing CO2 emissions compared to primary extraction.
The plant, scheduled to begin operation in 2027, will have a substantial capacity. It will process up to 140,000 electric vehicle batteries per year, equivalent to 60,000 tons of end-of-life batteries or 20,000 tons of black mass. This will help Europe recover lithium, graphite, cobalt, nickel, and manganese, strengthening its geopolitical independence in these strategic materials.
The rapid growth of e-mobility in Europe is driving an increased demand for battery materials. This recycling facility demonstrates how modern technology can secure supply and reduce dependence on raw material imports.
Cylib's recycling plant, made possible by €26.1 million in EU funding, is set to become one of the largest lithium-ion battery recycling facilities in Europe. It will start operations in 2027, processing a significant number of end-of-life batteries and contributing to Europe's supply of critical materials while reducing emissions.
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