Stena Recycling receives 70 MSEK in funding for recycling plant in Sweden

Stena Recycling receives 70.7 MSEK ($7.6M) in grants from the Swedish Energy Agency as a part of a 250 MSEK ($26.8M) investment in its battery recycling center in Halmstad, Sweden. At the center the company is setting up a pre-processing plant which will produce copper, aluminium and black mass from waste batteries. The plant will have an initial capacity of 10.000 tonnes.

The company working together with Johnson Matthey to establish a process for the material recovery. This initiative is not part of the battery material business which JM recently announced they are exiting.

We wrote about Stena Recycling's plant here and the collaboration with JM here.