Umicore SA (UMIN.MX)

Umicore seeks new recycling site near chemicals industry to partner on CO2 capture

Umicore is seeking a location for a new battery recycling facility in Europe and mostly looking near chemicals industry sites to partner on carbon capture and storage, its chief executive said in an interview with Reuters on Friday. The company expects to announce a location by the end of September, Mathias Miedreich said, speaking on the sidelines of the World Economic Forum in Davos, Switzerland. "We can only locate where we have access to infrastructure to get rid of the CO2," he said, adding Europe had a couple of harbour ports which had a carbon dioxide pipeline system in place and could be suitable locations.