Newalta Acquires Battery Recycling Facility

Newalta Income Fund is acquiring Nova Pb Inc., Canada’s largest battery recycling facility, reports Recycling Today. Newalta is paying around $55 million to purchase the site, located in southern Montreal, roughly 12km from Newalta’s transfer station in Quebec.

The lead recycling facility has two long-body rotary kilns, and is capable of processing up to 200,000 metric tons of used batteries and producing up to 100,000 metric tons of recycled lead per year.