EIB and Umicore conclude €125M loan for EV battery materials production in Poland
Green Car Congress
JUNE 17, 2020
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. Around 350 full time jobs will be created, and Umicore will partner with the local engineering school.
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