Redwood Materials, a US-based battery recycling company, has acquired Redux Recycling GmbH, the leading lithium-ion battery recycler in the European Union. The acquisition will give Redwood a well-established presence in Europe and help it to expand its operations and capacity for battery recycling.
Why It Matters
The European electric vehicle (EV) market is growing rapidly, and with it, the need for battery recycling. Redwood’s acquisition of Redux will help to ensure that there is sufficient capacity to recycle the growing number of EV batteries in Europe.
Key Points
- Redwood Materials has acquired Redux Recycling GmbH, the leading lithium-ion battery recycler in the European Union.
- The acquisition will give Redwood a well-established presence in Europe and help it to expand its operations and capacity for battery recycling.
- The European EV market is growing rapidly, and with it, the need for battery recycling.
- Redwood’s acquisition of Redux will help to ensure that there is sufficient capacity to recycle the growing number of EV batteries in Europe.
Bottom Line
Redwood’s acquisition of Redux Recycling is a significant step forward for the company’s expansion in Europe. It will help Redwood to meet the growing demand for battery recycling in Europe and to support the transition to a more sustainable future.
Additional Information
The Redux facility is located in Bremerhaven, Germany, and has an annual processing capacity of 10,000 tonnes. It is centrally located within Europe and near the Bremerhaven Port, one of the largest and most important import harbors for vehicles. This gives Redwood the ability to transport, recycle, and refine electric vehicle packs and batteries from across the European continent.
The Redux facility is equipped to recycle electric vehicle and E-bike batteries, stationary storage systems, and consumer devices like cell phones, laptops, and power drills.
As part of the acquisition, Redwood is also welcoming a team of about 70 experienced technical staff including chemical engineers, metallurgists, and material scientists. Their expertise in mechanical separation will allow Redwood to recover high-purity metal concentrate, a critical input for battery materials production.
Redwood’s technology includes advanced material recovery processes, such as hydrometallurgy, which complement Redux’s pre-treatment and mechanical separation capabilities.
Redux’s proprietary technology enables it to extract valuable materials from batteries, including cobalt, lithium, nickel, and manganese with a recovery rate greater than 95 percent. This complements the high percentage recovery Redwood has already accomplished in the US.
Overall, Redwood’s acquisition of Redux Recycling is a positive development for the company and for the European battery recycling industry. It will help Redwood to meet the growing demand for battery recycling in Europe and to support the transition to a more sustainable future.
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