Ecobat buys lithium battery recycler Promesa, completes top team

Ecobat buys lithium battery recycler Promesa, completes top team

Ecobat buys lithium battery recycler Promesa, completes top team 150 150 Batteries International

August 12, 2021: Battery recycler Ecobat has expanded its recycling operations with the purchase of the Germany-based lithium-ion battery recycler Promesa, the company announced on July 26.

With its central location of Hettstedt, a dominant car manufacturing and lithium battery area, Promesa ‘provides Ecobat a crucial entry point in one of the most critical markets for battery access and OEM factory scrap’, Ecobat says.

“Additionally, Promesa represents a critical part of the battery recycling process and value chain and will provide Ecobat with access to business-critical permits for 3,200 tonnes of chemical compounds,” Ecobat says.

“These contracts cover a broad range of waste materials associated with a variety of battery chemistries from household to electric vehicles, positioning Ecobat for expansive growth opportunities.”

Ecobat has also completed the formation of a new senior management team with the appointment of Jamie Pierson as chief financial officer, the firm revealed on August 9.

Pierson comes from the international transport firm Yellow Corporation (YELL), where he was responsible for operational and financial strategy.

He has more than 10 years’ experience in investment banking, financial restructuring, advisory and corporate development experience and strategic planning, says Ecobat.

Five other individuals were placed on the executive team: Jenn Congdon as chief HR officer; Paul Harper as chief sustainability officer; Jamie Lee as chief information officer; Thea Soule as chief commercial officer; and Daniel Terrell as chief legal officer. Craig Clark was also promoted to president of lead operations.

“It is an exciting and dynamic time at Ecobat,” said Ecobat president and CEO Jimmy Herring. “With the recent acquisition of lithium-ion recycler Promesa, we are positioning Ecobat for solid growth in the coming years as our industry adapts for the future.”