WARSAW, Poland, March 28 — The eighth paragraph has been replaced with a new, updated paragraph.
The Polish Investment and Trade Agency (PAIH) has named Ascend Elements’ Project Apex 2 its Manufacturing Investment of the Year, focused on the company’s development of the EU’s first fully integrated battery materials refining center that will turn spent lithium‑ion batteries into new, low‑carbon cathode materials using its Hydro‑to‑Cathode® technology. The Republic of Poland has granted Ascend Elements USD 320 million (approximately 1.22 billion PLN) to advance construction of its first European pCAM and Lithium manufacturing facility, one of the largest grant offers ever made by Poland’s Ministry of Economic Development and Technology.
“Project Apex 2 is about more than a single facility; it is about proving that Europe can lead the world in a truly circular, low‑carbon battery economy,” said Linh Austin, President and CEO of Ascend Elements. “By bringing our Hydro‑to‑Cathode® technology to Poland, we are turning spent batteries into new critical materials at industrial scale, strengthening the EU’s strategic autonomy in key raw materials and helping set a global benchmark for sustainable battery manufacturing.”
The honor, announced at the PAIH 2026 Investor’s Gala in Warsaw, underscores the role of foreign direct investment in strengthening Poland’s economy, creating high‑quality jobs and developing future‑oriented industries. The annual Investor’s Gala highlights major investments completed in Poland with PAIH support and brings together representatives of the Polish government, PAIH leadership, foreign investors, local governments and Special Economic Zones.
“The most innovative companies in the global clean‑technology and battery industries are choosing Poland as a location for their investments, and Ascend Elements is further proof of this trend,” said Paweł Pudłowski, Deputy Chairman of the Board, Polish Investment and Trade Agency. “By locating an advanced circular battery materials project here, Ascend Elements is strengthening Poland’s role in the European battery value chain, creating highly qualified jobs and supporting the EU’s efforts to build secure, sustainable supply chains for critical raw materials.”
Ascend Elements’ Project Apex 2 will be an advanced manufacturing facility designed to refine separated key cathode raw materials recovered from spent lithium‑ion batteries, known as “black mass,” into lithium carbonate battery-grade materials and precursor cathode active material (pCAM). These products are essential for the production of cathode active material (CAM), a core component of lithium‑ion batteries used in electric vehicles and stationary energy storage systems.
The Project Apex 2 facility will commercialize Ascend Elements’ Hydro‑to‑Cathode® hydrometallurgical technology in Europe, producing sustainable lithium and pCAM materials from recycled battery materials and supporting the EU’s long‑term energy transition and net‑zero goals. The investment will help create an integrated, low‑emission supply chain for lithium‑ion batteries inside the EU, reducing dependence on imported metals and cathode materials from high‑risk markets. Project Apex 2 aligns with the EU Critical Raw Materials Act (CRMA) and circular‑economy objectives, ensuring that strategic metals are recovered and processed within the European Union rather than exported as raw waste.
“Project Apex 2 is exactly the kind of strategic, high‑value investment Poland needs to solidify its position at the heart of Europe’s clean‑energy economy,” said Michał Jaros, Secretary of State at the Polish Ministry of Economic Development and Technology. “By combining advanced recycling with cutting‑edge cathode materials production, Ascend Elements is helping us secure critical raw materials, create highly skilled jobs, and build a more resilient industrial base for Poland and the entire European Union.”
In 2025, the company produced battery-grade lithium carbonate (Li₂CO₃) at a facility in the United States with a capacity of 3,000 tonnes per year, and plans to increase its global capacity to over 15,000 tonnes per year by 2027. By transferring these proven technologies to Poland through Project Apex 2, the company will help close Europe’s growing gap in cathode precursor supply and reinforce the EU’s strategic autonomy in critical battery materials.
