Gessel has advised Poland's Elemental Strategic Metals on forming a joint venture with US-based Ascend Elements to recycle lithium-ion batteries and production waste from battery factories in Poland and other European countries. The Iurico Law Office advised Ascend Elements.
Grodzisk Mazowiecki-based Elemental Strategic Metals is part of the Elemental Holding Group, a manufacturer of raw materials sourced in a sustainable and environment-friendly way.
Westborough, Massachusetts-based Ascend Elements is a provider of sustainable, closed-loop battery materials solutions.
According to Gessel, “the joint venture aims to engage in the construction and management of facilities for recycling lithium-ion batteries and production waste from battery factories and extracting metals from black mass obtained from recycling lithium-ion batteries and production waste from battery factories.”
The Gessel team included Partner Karol Sokol, Counsel Inarda Bielinska, Managing Associate Michal Osowski, and Senior Associates Maciej Kiraga and Michal Bragiel.
The Iurico team included Partners Maciej Skory, Stanislaw Lach, and Boguslaw Soltys.