German recycler Revomet GmbH and China’s CNGR Advanced Material Co. Ltd. have established a joint venture to advance sustainable battery recycling in Europe, the companies said on Wednesday.
Under the agreement, CNGR will acquire a 25% stake in revomet Bitterfeld GmbH, which operates one of Europe’s most advanced recycling facilities for battery scrap in Bitterfeld-Wolfen. The partnership aims to recover nickel, cobalt, and lithium at high purity, supporting Europe’s battery supply chain and circular economy efforts.
The collaboration combines Revomet’s recycling technologies and process know-how with CNGR’s expertise in precursor cathode active materials (pCAM). It will also be supported by CRONIMET, Revomet’s parent company, which contributes decades of experience in stainless steel recycling and an extensive logistics and collection network across Europe.
Dr. Filipe Costa, Managing Director of Revomet GmbH, said the cooperation unites “cutting-edge recycling technologies, international market expertise, and a strong logistics network, setting a new benchmark for sustainable value creation in the battery industry.”
The companies said the joint venture represents one of the first German-Chinese partnerships in Europe’s battery industry, creating a knowledge and technology hub in Bitterfeld. The initiative is positioned as a flagship project for Europe’s battery raw material supply chain.
Revomet specializes in the recycling of end-of-life batteries and production-related waste, while CNGR is a global leader in pCAM production for the electric vehicle sector. The CRONIMET Group, headquartered in Karlsruhe, employs about 1,600 people across 75 sites worldwide and has operated in recycling for more than four decades.