revomet GmbH, founded in 2023 as a subsidiary of the international CRONIMET Group, and CNGR Advanced Material Co. Ltd. have officially finalized their joint venture following the Heads of Agreement signed in December 2023. Once all conditions from the joint venture agreement have been met, CNGR will acquire a 25 percent stake in revomet Bitterfeld GmbH, previously a wholly owned subsidiary of revomet GmbH.
revomet Bitterfeld GmbH operates one of Europe’s most advanced facilities for recycling of battery scrap from the battery industry in Bitterfeld-Wolfen.
From battery waste to raw materials of the future: After extensive negotiations and a shared vision, a strategic intent has now become a flagship project, a milestone for both partners and for Europe’s battery industry. The partnership’s goal is to recover valuable raw materials such as nickel, cobalt and lithium in the highest purity and return them to the production cycle. In doing so, it makes a decisive contribution to closing the loop in the battery value chain and to strengthening Europe’s sustainable raw material supply.
“This partnership brings together cutting-edge recycling technologies, international market expertise and a strong logistics network – setting a new benchmark for sustainable value creation in the battery industry,” says Dr. Filipe Costa, Managing Director of revomet GmbH.
Strengths of the joint venture:
“We are proud that, through this exchange of skills, expertise, and processes, the CRONIMET Group is able to make a significant and, above all, sustainable contribution to an efficient and sustainable battery industry in Europe,” says Jürgen Pilarsky, CEO and shareholder of the CRONIMET Group.
revomet Bitterfeld GmbH operates one of Europe’s most advanced facilities for recycling of battery scrap from the battery industry in Bitterfeld-Wolfen.
From battery waste to raw materials of the future: After extensive negotiations and a shared vision, a strategic intent has now become a flagship project, a milestone for both partners and for Europe’s battery industry. The partnership’s goal is to recover valuable raw materials such as nickel, cobalt and lithium in the highest purity and return them to the production cycle. In doing so, it makes a decisive contribution to closing the loop in the battery value chain and to strengthening Europe’s sustainable raw material supply.
“This partnership brings together cutting-edge recycling technologies, international market expertise and a strong logistics network – setting a new benchmark for sustainable value creation in the battery industry,” says Dr. Filipe Costa, Managing Director of revomet GmbH.
Strengths of the joint venture:
- revomet contributes advanced recycling technologies, deep process know-how, and a strategically central location in Bitterfeld-Wolfen, complemented by offices in Leipzig and Karlsruhe.
- CNGR global market leader in pCAM production brings long-standing expertise in the production of precursors for active cathode materials (pCAM) as well as a worldwide network in the battery industry.
- CRONIMET, as revomet’s parent company, contributes its global network, decades of leadership in stainless steel recycling, as well as extensive logistics and collection capacities across Europe.
“We are proud that, through this exchange of skills, expertise, and processes, the CRONIMET Group is able to make a significant and, above all, sustainable contribution to an efficient and sustainable battery industry in Europe,” says Jürgen Pilarsky, CEO and shareholder of the CRONIMET Group.
