Neometals (ASX:NMT) gets the Benz

Neometals (ASX:NMT) gets the Benz

January 10, 2024 Off By Rueben Hale

Neometals subsidiary Primobius GmbH has received an A$30.8 million order from Mercedes-Benz for installation in its proprietary battery recycling technology at the car giant’s Kuppenheim pilot operation in Germany.

Mercedes opened a new battery recycling factory in Kuppenheim, Germany in March of last year where the company aims to establish closed-loop recycling of battery raw materials.

Primobius will install the company’s patented lithium battery recycling process through a plant supply and technology licensing business model.

The purchase order covers the fabrication, installation, and commissioning of the Hub, which is designed to refine intermediate products from the 2,500tpa shredding ‘Spoke’ currently being fabricated for Mercedes under a previous purchase order.

Primobius will install a Mercedes LiB Recycling Pilot Plant with a capacity of 2,500tpa to recover materials such as lithium, nickel, and cobalt for reuse in the production of 50,000 battery modules for new Mercedes vehicles.

Beyond the Mercedes Pilot Plant, Primobius is focused on engineering an industrial-scale solution for Mercedes.

“We are proud to partner with Mercedes in its journey to lead the closed-loop recycling of lithium batteries,” Neometals Managing Director Chris Reed said. 

“The relationship exemplifies some of the unique aspects of Primobius’ business model. One of these is the ability to supply plant and offer technology licenses so OEMs can retain their battery materials from scrap and end-of-life batteries.”

The successful commissioning and achievement of steady-state operations will significantly de-risk the next level of scale up to 21,000tpa. 

About Primobius GmbH 

Primobius is a 50:50 incorporated joint venture between Australian sustainable battery materials producer, Neometals Ltd, and German global plant manufacturer SMS group. Primobius is focused on the development of sustainable processes for the recovery and recycling of lithium-ion batteries. 

For more information, please visit https://www.primobius.com.

NMT.AX
NEOMETALS FPO [NMT]
ASX
down arrow$0.096
$0.002
2.04%

Related News

OpenRadar: Charger (ASX:CHR) powered by Rio Tinto at Lake Johnston

 

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship MarketOpen.com.au media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Editor-in-Chief
amanda@marketopen.com.au
+61 438 003 868

Important links

Follow us