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EIB and Umicore conclude €125 million loan for battery materials production in Poland
19:25
The European Investment Bank (EIB) has signed a €125 million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. The cathode materials will be supplied to battery manufacturers of high-tech lithium-ion batteries that are primarily used in electric vehicles.
The EIB loan will cover approximately half of the project costs in the initial phase.
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