A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their life.
Cylib says its facility will be the largest end-to-end lithium-ion battery recycling facility in Europe.
Cylib said the new plant would primarily serve automotive, battery manufacturing and chemicals clients.
“Cylib reaching industrial scale production will be a key driver in building a robust European battery infrastructure,” Schwich said in a press statement.
“Battery recycling is pioneering the circular economy, proving that economic success is compatible with reduced environmental impact,” she added.
Persons:
Cylib, Lilian Schwich, Gideon Schwich, Paul Sabarny, “, ” Schwich
Organizations:
Cylib, EV, Porsche, Bosch, Hydro, CNBC, European Union, World Fund, Porsche Ventures, Climate Fonds
Locations:
Germany, Dormagen, North Rhine, Westphalia, Europe, Norway, Hydrovolt, Chempark