Andrada Group to Build Battery Recycling Plant in Hungary
- Investment is valued at HUF 10 billion (EUR 26.2 million).
- The plant will recycle 10,000 tons of batteries per year.
- Government support amounts to HUF 4.7 billion (EUR 12.3 million).
- Initial employment will be 70 tech experts, expanding to 200 by 2024.
Investment and Capacity
Slovenia-based Andrada Group plans to build a battery recycling plant in Alsózsolca, northeastern Hungary, with an investment of HUF 10 billion (EUR 26.2 million). The facility will have the capacity to recycle 10,000 tons of electric vehicle batteries annually and create 200 jobs.
Government Support
The Hungarian government will support the project with HUF 4.7 billion (EUR 12.3 million). The plant will adhere to environmental guidelines that are four times more stringent than current Hungarian standards.
Technology and Environmental Impact
Andrada’s technology, developed in Slovenia, aligns with the principles of the circular economy. The facility will use modern, safe, and clean technology, ensuring no direct or indirect negative effects on the environment. The industrial process will exceed stringent Western European standards.
Collaboration and Employment
Andrada plans to collaborate with the University of Miskolc and the National Chemistry Institute in Ljubljana. Initially, the company will employ 70 tech experts, expanding to 200 by 2024. Open day events for potential employees and interested parties are scheduled for September 26 and October 17.