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Metal Recycling News July 08, 2022 10:55:45 AM

Ecobat Reached Agreement to Sell Multimetals Processing Plant

Paul Ploumis
ScrapMonster Author
It must be noted that Nyrstar operates three zinc smelters within a 300-kilometer radius of the acquired Stolberg multimetals processing plant.
Ecobat Reached Agreement to Sell Multimetals Processing Plant

SEATTLE (Scrap Monster): Irving, Texas-based battery recycler, Ecobat, announced that it has entered into a binding agreement with Trafigura towards sale of Ecobat Resources Stolberg GmbH (ERS), which operates the Stolberg multimetals processing plant in Germany. The plant will now be owned and operated by Nyrstar- a global multimetals processing company in which Trafigura Group owns 98% stake.

Marcus Randolph, CEO, Ecobat noted that the sale of ERS is consistent with its strategic decision to focus on its core business of battery recycling. It represents a significant step in the rationalization of the company’s portfolio, he added.

It must be noted that Nyrstar operates three zinc smelters within a 300-kilometer radius of the acquired Stolberg multimetals processing plant. The proximity to smelters offers the opportunity to leverage Nyrstar’s byproducts as feed material for the Stolberg plant. Daniel Vanin, CEO, Nyrstar stated that the company looks forward to welcome the highly talented Stolberg team to Nyrstar. Furthermore he hoped to play a key supporting role in the Europe’s green transition journey.

The transaction is subject to satisfaction of various customary conditions, including receipt of regulatory approvals. It is expected to complete during the third quarter of the current year, said Ecobat press release.

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