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Last updated : 13/11/2026 - 09h20
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Veolia inaugurates a 7,000-tonne black mass recycling plant in the Grand Est region

On 12 November 2026, in the presence of Stéphane Séjourné, Executive Vice-President of the European Commission, the environmental services group unveiled a hydrometallurgy facility designed to process black mass (powder resulting from the crushing of batteries) in Europe.

According to the press release, this material is currently the subject of a "massive export" to Asia, due to extra-European competition.


Veolia inaugurates a 7,000-tonne black mass recycling plant in the Grand Est region

A capacity of 7,000 tonnes of black mass per year

The site relies on proprietary hydrometallurgy technologies that, according to Veolia, make it possible to recover more than 90% of the cobalt, nickel and copper contained in the black mass. It processes flows from France, the United Kingdom and Switzerland "to date".

Each year, the facility will be able to recycle nearly 7,000 tonnes of black mass, the equivalent of 20,000 tonnes of batteries. The extracted metals are redistributed to the European automotive, construction and defence markets.

The group mentions, "in the long term, thanks to the support of the authorities", an outlet toward battery manufacturing in Europe. It estimates the market at nearly 700,000 tonnes of batteries to be recycled in Europe within five years, representing more than one billion euros of recoverable metals.

A downstream link dependent on a European framework, according to the group

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The Grand Est plant is located downstream in the value chain. Several projects dedicated to battery dismantling, presented as complementary, are being rolled out in the United Kingdom, Belgium and Slovenia.

Veolia considers Europe's support "vital" and calls for the establishment, "without delay", of a European regulatory and economic framework. This framework must in particular support the setting up of facilities capable of reintegrating recycled metals.

Estelle Brachlianoff, Chief Executive Officer, links the project to the Green Up strategic programme, which aims to "make waste a strategic resource". Stéphane Séjourné cited the Batteries Regulation, the Industrial Accelerator Act and the upcoming Circular Economy Act. The Grand Est Region states that it has supported the project "since day one".



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Context

Period
  • Period: 9M 2026
Key reported figures
  • Revenue: 33 310 millions d'euros
  • Quarterly revenue: 33 310 millions d'euros
  • Revenue growth: 3,1 %
  • EBITDA: 5 404 millions d'euros
  • EBITDA margin: 16,2 %
  • Free cash flow: -200 millions d'euros
  • 25 423 millions d'euros
Guidance from the release
  • « 2026 guidance fully confirmed » ; « we fully confirm our 2026 guidance and our GreenUp trajectory »
Risks mentioned
  • Saisonnalité du cash-flow libre et impact des investissements d'acquisition
  • Contexte géopolitique au Moyen-Orient affectant l'activité Projets et Technologies de l'Eau
  • Fluctuations des taux de change impactant négativement la dimension internationale du Groupe
Opportunities identified
  • Plan stratégique GreenUp avec transformation du portefeuille vers l'international et les technologies
  • Accélération de la croissance internationale avec acquisition de Clean Earth et expansion en Amérique latine et Asie
  • Nouveaux marchés stratégiques : dessalement, microélectronique, centres de données, réseaux de chaleur
Outlook / guidance
  • Expected net income: 1 774 millions d'euros
  • Management commentary: « Current net income Group share growth of minimum +8% at constant forex and incl. Clean Earth »

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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