Post by cylib

cylib GmbH has secured €63.4 million in non-dilutive grant funding from the German Federal Ministry for Economic Affairs and Energy (BMWE) to finance the second build-out stage of our Dormagen facility.    The funding, awarded through the STARK programme, will establish Europe's first dedicated industrial-scale lithium iron phosphate (LFP) recycling line alongside our planned nickel manganese cobalt (NMC) capacity, doubling our total facility capacity to 60,000 tonnes annually—equivalent to 140,000 electric vehicle batteries. This positions cylib as Europe's first industrial operator capable of processing all major battery chemistries. LFP batteries now account for nearly 50% of the global EV battery market and dominate stationary energy storage systems, yet Europe currently lacks dedicated industrial-scale LFP recycling infrastructure, creating both a strategic vulnerability and a significant market opportunity for domestic material recovery. "This grant sends a strong signal that Germany is committed to investing in Europe's circular economy and raw material resilience," says Dr Lilian Schwich, co-founder and co-CEO of cylib. "We are grateful for this support, which validates our approach and enables us to deliver the LFP recycling infrastructure Europe urgently needs." "Our pilot projects with partners across Europe delivered a clear message: LFP recycling capacity is needed now," says Dr Gideon Schwich, co-founder and co-CEO. "The grant supports our move from pilot success to full-scale industrial operations. A key step towards a resilient European battery value chain."    Full press release in the comments below.