Trafigura completes acquisition of Ecobat Stolberg multi-metals processing plant
Singapore and Irving, Texas, 15 February 2023 – Trafigura, a market leader in the global commodities industry, and Ecobat, the global leader in battery recycling, are pleased to confirm that Trafigura’s acquisition of the Ecobat Resources Stolberg GmbH (ERS) business has been completed following the satisfaction of customary conditions precedent including the receipt of regulatory approvals.
As previously announced, the Stolberg plant will be operated and managed by Nyrstar, an international producer of critical minerals and metals essential for a low carbon future. The Stolberg business will operate under the name ‘Nyrstar Stolberg GmbH’ going forward. Nyrstar is wholly owned by the Trafigura Group.
“We welcome the highly engaged Stolberg team to Nyrstar 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,” said Guido Janssen, Co-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. Meanwhile, we will continue to concentrate our portfolio on our core business of battery recycling in the circular energy economy,” said Marcus Randolph, CEO of Ecobat.
ENDS
For further information please contact:
Ecobat Press Office: ecobat@edelman.com
Nyrstar Press Office: +31 (0) 495 512 930 or media@nyrstar.com
Trafigura Press Office: +41 (0) 22 592 45 28 or media@trafigura.com
Notes to editors
About ERS (now Nyrstar Stolberg)
ERS – which will operate under the name Nyrstar Stolberg - was founded in 1848 and is one of the largest and most modern primary multi-metal smelters in the world. The facility produces primary lead and more than 100 different specifications of market-leading lead alloys, battery based sulphuric acid as well as precious metals such as silver, gold, and platinum from lead concentrates. The plant has been under repair since a major flood event occurred in July 2021.
About Nyrstar
Nyrstar is an international producer of critical minerals and metals essential for a low carbon future. With a market leading position in zinc and lead, Nyrstar has mining, smelting and other operations located in Europe, the U.S. and Australia and employs approximately 4,000 people. Its Corporate Office is based in Budel-Dorplein, the Netherlands.
The company’s operations are located close to key customers and major transport hubs to facilitate reliable and efficient delivery of raw materials and distribution of finished products. Nyrstar’s operating business is wholly owned by Trafigura, one of the world’s leading independent commodity trading and supply chain logistics companies.
Visit: www.nyrstar.com
About Trafigura
Trafigura is a leading commodities group, owned by its employees and founded 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through joint ventures H2Energy Europe and Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and our Impala Terminals joint venture. The Group employs over 12,000 people and is active in 156 countries.
Visit:www.trafigura.com