27.06.2024 10:00:30 - dpa-AFX: EQS-News: IBU-tec enters into recycling partnership with GRS Batterien (english)

IBU-tec enters into recycling partnership with GRS Batterien

EQS-News: IBU-tec advanced materials AG / Key word(s): Alliance
IBU-tec enters into recycling partnership with GRS Batterien

27.06.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News

IBU-tec enters into recycling partnership with GRS Batterien

  * Pollutant-free "Green Mass" to be obtained from end-of-life LFP
    batteries in pilot project


* IBU-tec rotary kilns for the thermal treatment of recycled materials

  * Booming market environment: 10-fold increase in recycled materials
    expected worldwide from 2030 to 2040


* EU regulation makes the use of recycled battery materials mandatory

Weimar, 27 June 2024 - IBU-tec advanced materials AG ("IBU-tec", ISIN:
DE000A0XYHT5) has entered into a partnership with GRS Batterien Service GmbH
and the Joint Take-Back System Batteries Foundation for the development of
the sustainable recycling compound "Green Mass" from used LFP batteries.
IBU-tec is thus further expanding its position in the rapidly growing
battery recycling market. As part of the cooperation, the black mass
produced during the recycling of LFP batteries will be enriched with lithium
and thermally treated to produce a pollutant-free "green mass". GRS
Batterien Service GmbH, the Joint Take-Back System Batteries Foundation and
IBU-tec have agreed on a corresponding pilot project. The sustainable
recycled product can ultimately be used for the production of new batteries.
IBU-tec will support the material development of the "Green Mass" with its
many years of expertise in the field of thermal process engineering and
recycling. IBU-tec rotary kilns will be used for the thermal treatment of
the recycled material. IBU-tec has both the right know-how and suitable
production sites where the Green Mass process can be implemented on a large
scale.

The battery recycling market has high growth potential, driven by the EU
Battery Directive that came into force at the beginning of the year.
Manufacturers of industrial and electric car batteries are required to use
recycled battery materials from end-of-life batteries in the production of
new lithium batteries. According to a PwC study, recycled battery materials
are expected to increase tenfold between 2030 and 2040. In particular, the
growth is expected to accelerate from 2030 as the first wave of
electrification reaches the end of its life. By 2030, PwC expects
investments of more than EUR2 billion in the European recycling market.

Jörg Leinenbach, CEO of IBU-tec: "With this partnership, we are further
expanding our market position in the booming recycling business. The
recycling of valuable battery raw materials is necessary from an
environmental point of view and helps to reduce the CO2 footprint. GRS
Batterien Service GmbH and the Joint Take-Back System Batteries Foundation
are important players in the field of battery recycling, developing and
implementing sustainable take-back and recycling solutions for the battery
industry, for example at the take-back points of major supermarket chains.
IBU-tec contributes its many years of know-how in the field of thermal
process engineering and recycling."

Dr.-Ing. Julia Hobohm, Managing Director of GRS Batterien Service GmbH:
"With IBU-tec, we have the right partner for the Green Mass pilot project at
our side. Due to the steadily increasing use, especially of LFP batteries,
it is necessary to accelerate battery recycling and further develop it
through innovative and environmentally friendly technologies. After all, raw
materials from lithium batteries are key elements for renewable energies and
e-mobility. Together with IBU-tec, we want to drive these innovations in
battery recycling forward."

About IBU-tec

The IBU-tec Group develops and produces innovative materials of the highest
quality for industry. In doing so, it combines unique, partly
patent-protected thermal process technology with the process and material
know-how of around 250 highly qualified employees.

The company's own products include LFP battery material, which is an
important component of batteries for electromobility and stationary energy
storage, as well as solutions for air purification, resource conservation
and the reduction of plastic packaging. IBU-tec is thus positioned in the
long term in global megatrends - especially climate and environmental
protection - and has an international customer base ranging from innovative
medium-sized companies to global corporations.

About the Joint Take-Back System Service (GRS Service GmbH)

In order to contribute to the UN Sustainable Development Goals of the 2030
Agenda and to achieve national and EU-wide recycling and recovery targets,
manufacturers with extended product responsibility are financially and
operationally responsible for mapping the cycle of their products from
placing on the market, use, collection and efficient recycling.

GRS Service GmbH assumes this product responsibility and maps the entire
process as PRO. With the industry solutions GRS eMobility, GRS Healthcare,
GRS Powertools and GRS Consumer, GRS Service GmbH offers manufacturers and
distributors future-oriented take-back solutions that are geared to future
customer needs. In addition, GRS Service GmbH runs the operational business
of the GRS Batteries Foundation.

About the GRS Batteries Foundation

Founded in 1998 by leading manufacturers and the German Electrical and
Electronic Manufacturers' Association (ZVEI), the non-profit GRS Batteries
Foundation has been fulfilling the battery industry's legal take-back
obligations ever since. In the meantime, the GRS Batteries Foundation, based
in Hamburg, has become a center for producer responsibility and recycling
management. Through extensive research, development and consulting projects,
it develops and implements sustainable take-back, recycling and life-cycle
solutions for the battery industry geared to future customer needs. The
Foundation's research and consulting expertise is non-profit,
non-discriminatory and equally open to all manufacturers.

The GRS Battery Foundation continues to operate a manufacturer-owned
take-back system in accordance with § 7 of the Battery Act, also on a
non-profit and non-discriminatory basis, and thus fulfills its product
responsibility for spent portable batteries. Through its associated company
GRS Service GmbH, the Foundation can also offer various take-back systems
for industrial batteries.

Contact

edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42-44
60322 Frankfurt
t +49 69 905505-52
IBU-tec@edicto.de


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27.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        IBU-tec advanced materials AG
                   Hainweg 9-10
                   99425 Weimar
                   Germany
   Phone:          +49 (0)3643 - 8649-0
   Fax:            +49 (0)3643 - 8649-30
   E-mail:         mail@ibu-tec.de
   Internet:       www.ibu-tec.de
   ISIN:           DE000A0XYHT5
   WKN:            A0XYHT
   Indices:        Scale 30
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1934751




End of News EQS News Service
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1934751 27.06.2024 CET/CEST
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
IBU-TEC ADV.MATER. INH.ON A0XYHT Frankfurt 10,200 28.06.24 17:20:01 +0,050 +0,49% 0,000 0,000 10,150 10,200

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