Port of StocktonCimbriaTBA GroupSailors SocietyTelestackPort of South Louisiana
  • Port of South Louisiana
  • Cimbria
  • Port of Stockton
  • TMS Awards 2023
  • Telestack
  • Van Aalst

Ecobat announces sale of Stolberg

Ecobat announces sale of Stolberg

(Posted on 18/07/22)

Ecobat, the global leader in battery recycling, and Trafigura, a leading global supplier of commodities, are pleased to announce that they have entered into a binding agreement for the sale of Ecobat Resources Stolberg GmbH (ERS) which owns the Stolberg multi-metals processing plant in Germany. The Stolberg plant will be operated and managed by Nyrstar, an international multi-metals mining and smelting company and market leader in the production of zinc and lead metal. Nyrstar is 98 percent owned by the Trafigura Group.

Ecobat is a leader in the collection, recycling, production, and distribution of energy storage solutions. It has operations in Europe, the United States, and Africa, and focuses on lead and lithium battery collection and recycling management services to empower sustainability efforts around the world.

“The sale of ERS is consistent with our strategy to concentrate on our core business of battery recycling and represents a significant step in the rationalization of our portfolio,” said Marcus Randolph, CEO of Ecobat.

“Combining the Stolberg plant with Nyrstar, which operates three European zinc smelters within a 300-kilometer radius of the Stolberg plant, offers a unique opportunity to leverage several of Nyrstar’s by-products as feed material for the Stolberg multi-metal business, offering locally produced strategic materials to Europe’s critical growth markets with a reduced carbon footprint and increased efficiency,” said Daniel Vanin, CEO of Nyrstar. “We look forward to welcoming the highly engaged Stolberg team to Nyrstar and are excited to continue to grow a business which offers highly relevant materials for the fast-evolving European green transition.”

The transaction is subject to the satisfaction of customary conditions precedent including the receipt of certain regulatory approvals. Completion is expected to occur in the third quarter of 2022.

Latest News

ADM and Bayer collaboration help farmers achieve lower carbon emissions

(Posted on 19/06/24)

 ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more


US House appropriations bill includes reinstatement of NASS reports

(Posted on 14/06/24)

A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more


Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter

(Posted on 14/06/24)

Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more


Richards Bay Minerals’ renewable energy agreement

(Posted on 07/06/24)

Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more


Trafigura half year result show core business strength

(Posted on 07/06/24)

Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released its 2024 Half... Read more


New Zealand aluminium smelter’s future secured with power deals

(Posted on 01/06/24)

New Zealand Aluminium Smelters (NZAS) has signed 20-year electricity arrangements that secure the future... Read more


NGFA statement on farm bill advanced by House Ag Committee

(Posted on 31/05/24)

The House Agriculture Committee in the USA have advanced a farm bill that includes several important... Read more


Rio Tinto and BHP collaborate on electric trucks in the Pilbara

(Posted on 28/05/24)

In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul... Read more


KEZAD signs lease agreement with Ducab Metals Business

(Posted on 28/05/24)

KEZAD Group, the largest operator of integrated and purpose-built economic zones, and Ducab Metals Business... Read more


Anglo American simplifies portfolio of copper, premium iron ore and crop nutrients assets

(Posted on 22/05/24)

Anglo American plc is setting out a clear, compelling and decisive plan to unlock significant value... Read more


Geneva DryVan AalstViganBühler GmbHTMS Awards 2023
  • Geneva Dry
  • Bühler GmbH
  • Vigan
  • Sailors Society

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping