EUWID News Services

Suchen

Umicore secures €350m EIB loan for EV battery innovations and recycling

|
|
Bookmark

Add News to dashboard

Application documents for credit with red stamp "Approved"
Umicore receives a loan of €350m from the European Investment Bank. (Stock photo)

The Belgian metallurgical group Umicore has been granted a €350m loan from the European Investment Bank (EIB) to further develop its electric vehicle battery (EV) materials and EV battery recycling activities. In a joint statement with the EIB, the company said on Wednesday that the proceeds would be used to fund its "European research, development & innovation (RDI) in rechargeable battery materials technologies for EVs and the recycling of EV batteries".

The Belgian company plans a major expansion in EV battery materials and battery recycling. In 2022, Umicore announced plans to invest a total of €5bn in these business areas by 2026.

Read the full report here...

Read more

You can only use this article with a valid subscription and registration. Registered subscribers can access all articles after entering their user name and password.
more info
- Ad -
Article topics
Spent batteries
Article categories
Business
- Ad -

Related articles

|
|
Bookmark

Add News to dashboard

Business
|
|
Bookmark

Add News to dashboard

Business
|
|
Bookmark

Add News to dashboard

Business


© 2024 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.

Copyright notice The individual articles, tables and other contents published by EUWID are protected by copyright and are provided exclusively for the client's own use and the use of the client's employees. In the absence of a more extensive licence agreement, only one copy may be printed for circulation at a single business location designated by the client. Digital distribution of EUWID contents, especially by intranet or by e-mail, within a company, throughout a group of companies, or outside a company is not permitted and constitutes an infringement of copyright law. Read more in our FAQ.

More on

You can only use this function with a valid subscription and registration. Registered subscribers can access all functions after entering their user name and password.
more info