Stena Recycling inaugurated its first industrial recycling facility for lithium-ion batteries, an investment of a quarter of a billion SEK. It is situated in south of Sweden and one of the first industry scale battery recycling facilities in Europe. An advanced recycling process makes it possible to recycle 95 % of an electric vehicle battery. Agreements are already in place with industry partners within both battery and vehicle production, securing a high recycling volume from the start.
Stena battery recycling facility
In connection to the inauguration, industry experts met to discuss the future of battery recycling and what is needed to accelerate the transition to a circular economy. “The electrification of society has only just begun, and we want to boost a circular approach to battery production. Cooperation between industry players will be essential for a successful green transition. We are ready to develop and cultivate our cooperation with the complete value chain from battery producers, equipment manufacturers, to the electric vehicle industry to ensure a circular material flow, meet the demands of the market and regulators, and contribute to a more sustainable future," says Kristofer Sundsgård, President and CEO of Stena Metall Group.
2021 Stena Recycling received SEK 70.7 million in funding from the Swedish Energy Agency towards building the new facility.