EIB grants € 125 million loan to support Umicore’s European rechargeable battery materials activities

Regional website Poland

Umicore has concluded a € 125 million loan agreement with the European Investment Bank (EIB). The proceeds of the loan, which has a maturity of eight years, will finance part of Umicore’s investment in the cathode materials plant in Nysa, Poland. Once completed, this greenfield plant will supply the European operations of Umicore’s global battery cell and automotive customers.

The transition to cleaner mobility is a priority in the European Union’s efforts to drastically reduce CO2 emissions and Umicore is well positioned to support this transition. Through its integrated European battery materials supply chain, Umicore will significantly contribute to the European Union’s plans to create a competitive and sustainable battery ecosystem in Europe. Umicore is proud to have obtained the support of the EIB for this strategic project.

×

      Umicore uses certain monitoring and tracking technologies such as cookies. These technologies are used in order to maintain, provide and improve our services on an ongoing basis, and in order to provide our web visitors with a better experience.

      By clicking on the "Accept all" button you agree to the use of these cookies while using the website. For further information regarding how we use cookies and other tracking technologies, please see section 11 of our website privacy notice

          Necessary cookies are essential and help you navigate our website. This helps to support security and basic functionality and are necessary for the proper operation of our website, so if you block these cookies we cannot guarantee your use or the security during your visit.

          Cookies that help us to understand the behaviour of users of our website. This allows us to continuously improve our website to provide the best information in support of our project aims. These cookies also help us understand the effectiveness of our website. For instance these cookies tell us which pages visitors go to most often and if they get error messages from web pages.

          Cookies that deliver content to you based on your interests, which are assumed from your browsing history. Most Targeting Cookies track users via their IP address and, thus, may collect some Personal Data. Personal Data collected by Targeting Cookies may be shared with third parties, such as advertisers.