- Neometals’ (NMT) subsidiary is dubbed Mercedes-Benz AG’s preferred technology partner for the design and construction of a recycling plant in Southern Germany
- As technology partner, Primobius will assist with the conceptual design and construction of a planned battery recycling and waste disposal recycling plant at Mercedes-Benz’s Kuppenheim Operations
- Neometals expects the recycling plant will have a nominal capacity of 2,500 tonnes per annum, or up to 10 tonnes per day, with production set to begin in 2023
- Formal agreements are expected to be signed following negotiations under an earlier informal non-binding memorandum of understanding between the parties
- Neometals was is 20.1 per cent to $1.77
Neometals’ (NMT) subsidiary has been dubbed Mercedes-Benz AG’s preferred technology partner for the design and construction of a recycling plant in Southern Germany.
Mercedes-Benz said its wholly-owned subsidiary, LUCULAR, plans to cooperate with Primobius, the joint venture company equally owned by Neometals and SMS Group, as part of Mercedes-Benz’s push to develop a holistic and sustainable recycling approach for lithium-ion batteries.
As MB’s preferred technology partner, Primobius will assist with the conceptual design and construction of a planned battery recycling and waste disposal recycling plant at Mercedes-Benz’s Kuppenheim Operations.
The proposal plant marks Mercedes-Benz’s first entry into the field of battery recycling.
Neometals expects the recycling plant will have a nominal capacity of 2,500 tonnes per annum or up to 10 tonnes per day. The plant will be built in two stages, with the first stage, involving mechanical dismantling, commencing production in 2023.
Formal agreements are expected to be signed between Primobius and LICULAR, following negotiations under an earlier informal non-binding memorandum of understanding between the parties.
“We are proud that Mercedes-Benz, one of the greatest names in the automobile industry, has announced its intention to partner with Primobius,” said Neometals Managing Director Chris Reed.
“Lithium battery recycling supports conservation of resources, decarbonisation and supply chain resilience and we are excited to assist Mercedes in its goal to re-use recovered materials for the manufacture of new cells for Mercedes-EQ vehicle models.
“All of our discussions to date have been very positive and we look forward to continuing our negotiations and entering into binding legal agreements in the near future.”
Neometals was up 20.1 per cent to $1.77 at 11:40 am AEDT.