Stena Recycling AB

Stena Recycling AB, based in Sweden, leads sustainable industrial solutions by advancing recycling technology for lithium-ion batteries and diverse materials. Focused on circular economy practices, it enhances resource efficiency.

Company Location

Country:

Sweden

City:

Gothenburg

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Company Overview

Stena Recycling AB, founded in 1939 and headquartered in Gothenburg, Sweden, is a subsidiary of the Stena Metall Group. It is a leader in sustainable industrial solutions, specializing in recycling and circular economy innovation, employing over 1,900 people across 90 European facilities and serving industries such as automotive, manufacturing, and public services by transforming waste materials into raw materials to advance resource efficiency and reduce environmental impact.

Battery Technology

Pioneer in lithium-ion battery recycling using advanced hydrometallurgical and mechanical processes at Europe’s first large-scale EV battery recycling plant in Halmstad (4 tons/hr capacity) and an upcoming 2024 plant in Ausenfjellet (3,000 tons/year). Technologies include AI-driven diagnostics, machine vision sorting, proprietary disassembly, and high-purity hydrometallurgical leaching to recover over 95% of lithium, cobalt, nickel, and aluminum while minimizing greenhouse gas emissions.

Products

Material recycling services, strategic circular consulting, secure data destruction, and specialized EV battery management services including large-scale recycling operations and second-life repurposing solutions for energy storage.

Recent Projects

2023: Launch of Halmstad EV battery recycling plant; 2024: Development of Ausenfjellet recycling plant in Norway; 2023: Partnership with Nynas for transformer oil recycling; March 2025: Collaboration with Nissan on second-life EV battery applications.

Investors

Stena Recycling is privately owned by Stena Metall Group and the Olsson family; Dan Sten Olsson holds 51.0% of the shares. In 2022, Quantum Capital Partners acquired its German unit, Rekular GmbH. There are no other public equity investments.

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