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Search Results Found For: "Umicore"

Umicore buys a stake in solid-state battery developer Solid Power

Umicore has announced that it holds a stake in solid-state battery specialist Solid Power, following Solid Power’s announcement of its intent to become a publicly listed company. Umicore built its stake through earlier Series A and B investment rounds.  Solid Power also counts Ford, BMW, Hyundai and Samsung among its investors. The company claims that… Read more »

EIB lends €125 million to Umicore for battery materials production in Poland

The European Investment Bank (EIB) has granted a €125-million loan to Umicore, the Belgian-based global materials technology and recycling group, to finance part of a greenfield production facility for cathode materials in Poland. The cathode materials will be supplied to battery manufacturers of lithium-ion batteries that are primarily used in EVs.   The EIB loan will… Read more »

Formula E partners with Umicore on battery recycling program

The ABB FIA Formula E Championship has announced a partnership with Belgian materials technology and recycling group Umicore to recycle the Li-ion battery units and cells used during the first two seasons of the racing series. The batteries from Formula E’s first two seasons, which were built by Williams Advanced Engineering, have been collected and… Read more »

Audi and Umicore test closed-loop process for recycling EV batteries

Audi and Umicore, a materials technology and recycling group, have successfully tested a closed-loop approach for recycling components of high-voltage batteries. The companies’ research has shown that 95 percent of raw materials contained in batteries – including cobalt, nickel, and copper – can be recovered and reused for new products. In a closed-loop recycling approach,… Read more »

BMW partners with Northvolt and Umicore to develop sustainable EV battery lifecycle

As EVs proliferate, there’s an increasing need to establish protocols for sustainably procuring battery cells. BMW plans to collaborate with battery maker Northvolt and materials specialist Umicore to develop a sustainable lifecycle for European EV batteries. From cell chemistry to usage to recycling, the project seeks to optimize every step of a battery’s lifecycle around… Read more »

Umicore invests €300 million to boost capacity in cathode materials

Materials technology specialist Umicore plans to invest €300 million ($328 million) between 2017 and 2019 to further increase its production of nickel-manganese-cobalt (NMC) cathode materials. NMC is one of the most popular cathode materials for EV batteries, and global demand is increasing fast. The increased capacity will enable Umicore to respond to a surge in… Read more »

3M sells NMC cathode patents to Umicore, will focus on Si anodes

3M has agreed to transfer all of its intellectual property related to Nickel-Manganese-Cobalt (NMC) cathodes, including global patents and license agreements, to technology and recycling firm Umicore. The divestment will allow 3M to increase its focus on next-generation silicon anode materials, electrolyte additives and advanced thermal management solutions for EVs. “The agreement enables 3M to… Read more »

Volkswagen Group announces three major new battery initiatives

Automakers that are serious about producing EVs understand that they need to build new supply chains, including major battery manufacturing capacity and secure sources of raw materials. The Volkswagen Group has been steadily turning up the voltage, raising its planned investment in EV and self-driving technologies to 73 billion euros ($86 billion) over the next… Read more »

New process cheaply extracts copper, nickel, cobalt and lithium from used EV batteries

Sumitomo Metal Mining has developed a new proprietary process to extract high-grade metals from used EV batteries. Tapping its expertise in copper refining, Sumitomo says it can cheaply extract copper, nickel, cobalt and lithium from used EV batteries by crushing them, heating the resulting powder to specific temperatures, and adjusting oxygen levels. Sumitomo says competitors,… Read more »

EV supply chain companies pilot blockchain solution for cobalt traceability

Metals and mining companies CMOC, Eurasian Resources Group (ERG) and Glencore, in collaboration with battery material supplier Umicore, are piloting Re|Source, a solution to trace responsibly produced cobalt from the mine to the EV. The pilot will be tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo… Read more »