Commodity trading company Trafigura has completed the acquisition of battery recycler Ecobat’s plant in Stolberg, Germany.
The Stolberg facility will be operated and managed by Nyrstar, an international producer of critical minerals and metals, under the name ‘Nyrstar Stolberg GmbH’ going forward. The company is wholly owned by the Trafigura Group. It has received all regulatory approvals to go ahead with the business deal.
‘We welcome the highly engaged Stolberg team and look forward to working hand in hand to increase local availability of highly relevant materials for the fast-evolving European green transition as we plan to bring Nyrstar Stolberg on line in the coming weeks,’ says Guido Janssen, ceo of Nyrstar.
‘We are pleased to complete this sale and look forward to championing the Stolberg plant as it restarts production under a new owner,’ comments Ecobat ceo Marcus Randolph. ‘Meanwhile, we will continue to concentrate our portfolio on our core business of battery recycling in the circular energy economy.’