Elemental secures European Investment Bank loan pre-appraisal for Polvolt critical raw materials project
Elemental Holding SA has successfully completed the pre-appraisal process with the European Investment Bank for loan financing for the Polvolt project in Zawiercie, Poland: a state-of-the-art facility for recycling e-waste and recovering copper.
The European Investment Bank (“EIB”) is considering financing of up to USD 100 million (approx. EUR 87 million).
Polvolt is designed to strengthen Europe’s access to critical raw materials by recovering copper and other valuable metals from e-waste. The project supports key industrial value chains, including electric mobility, renewable energy, digital infrastructure, aerospace and defence.
“The EIB’s engagement confirms that circular solutions for critical materials are becoming a strategic priority for Europe’s industrial policy,” said Paweł Jarski, CEO of Elemental Holding. “Polvolt is a key step in building resilient and sustainable supply chains for the continent. It is a further expression of trust and recognition for Polvolt, following two grants totaling more than US$400 million that Elemental has already secured for the Polvolt project, in addition to being included as one of the European Union’s strategic projects under the Critical Raw Materials Act. “
The project is currently under appraisal by the EIB. Prior to formal Board approval and loan signature, all figures and details remain indicative.
