Primobius GmbH has executed binding option and licensing agreements with the Hamilton Ontario Canada headquartered Stelco Holdings Inc. Both parties have agreed on formal arrangements to commercialize Primobius’ proprietary advanced electric vehicle battery recycling and processing technologies in North America. Besides its own ten tons per day commercial disposal plant at SMS group location Hilchenbach in Germany, which addresses the needs of the LIB supply chain in Europe, this new partnership represents a significant milestone for Primobius. It supports the strategy to become the leading LIB recycler through the establishment of a second operating base. The option agreement with Stelco grants Primobius the right to acquire between 25 % and 50 % equity in Stelco recycling.As a leading supplier of steel to the automotive OEMs, Stelco consumes scrap as part of its steel manufacturing process and is planning to secure sufficient volumes of end-of-life vehicles to source scrap steel feedstock. As Primobius has licensed its battery recycling technology to Stelco, the steelmaking company is now in a position to mature its feedstock targeting activities with an additional direct access to a sustainable industrial-scale battery recycling solution.Primobius is an incorporated joint venture between Australian Stock Exchange listed company Neometals Ltd and private German engineering and technology company SMS group, to commercialize an environmentally friendly recycling solution for lithium ion batteries. Primobius has developed a CO2-reduced, two-step system combining mechanical and hydrometallurgical processes to bring high-purity chemicals back into the battery supply chain.
Primobius GmbH has executed binding option and licensing agreements with the Hamilton Ontario Canada headquartered Stelco Holdings Inc. Both parties have agreed on formal arrangements to commercialize Primobius’ proprietary advanced electric vehicle battery recycling and processing technologies in North America. Besides its own ten tons per day commercial disposal plant at SMS group location Hilchenbach in Germany, which addresses the needs of the LIB supply chain in Europe, this new partnership represents a significant milestone for Primobius. It supports the strategy to become the leading LIB recycler through the establishment of a second operating base. The option agreement with Stelco grants Primobius the right to acquire between 25 % and 50 % equity in Stelco recycling.As a leading supplier of steel to the automotive OEMs, Stelco consumes scrap as part of its steel manufacturing process and is planning to secure sufficient volumes of end-of-life vehicles to source scrap steel feedstock. As Primobius has licensed its battery recycling technology to Stelco, the steelmaking company is now in a position to mature its feedstock targeting activities with an additional direct access to a sustainable industrial-scale battery recycling solution.Primobius is an incorporated joint venture between Australian Stock Exchange listed company Neometals Ltd and private German engineering and technology company SMS group, to commercialize an environmentally friendly recycling solution for lithium ion batteries. Primobius has developed a CO2-reduced, two-step system combining mechanical and hydrometallurgical processes to bring high-purity chemicals back into the battery supply chain.
