- Stena plans to build a new battery recycling plant in Sweden.
- Construction is set to commence later this year.
- The plant will repurpose about 95% of recovered lithium-ion materials.
Swedish-based Stena Recycling has announced that it plans to invest kr250 million (€24.6 million) in a new battery recycling plant near its Nordic Recycling Center in Halmstad, Sweden.
Stena says that London-based chemicals and sustainable technology company Johnson Matthey would include a process step in the plant, ensuring that about 95 per cent of the lithium-ion battery materials Stena recovers from each device is “fully refined” for use in new products.
The construction is set to begin in Q4 2021, and Stena will collect the initial batteries to be processed at its 90 locations in Sweden and eventually in other countries where it operates.
Managing Director Fredrik Pettersson stated that with the growth in the sale of electric vehicles, Stena needs to meet customers’ needs to meet our customers’ needs to dispose of spent batteries in a safe and environmentally sound way. “This major investment is part of our strategy to be a leader in the collection and mechanical processing of lithium-ion batteries to establish a circular cycle for batteries,” he added.