PROJECT

Projects

Summary of Investment Information

Project Number

45010

Company Name

CNGR ADVANCED MATERIAL CO., LTD.

Date SPI Disclosed

Oct 18, 2021

Country

China

Region

East Asia and the Pacific

Projected Board Date

Dec 17, 2021

Environmental Category

A - Significant

Status

Active

Last Updated Date

Mar 27, 2022

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Dec 17, 2021
Signed : Dec 30, 2021
Invested : Mar 25, 2022

Sector

Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.)

Project Description

 CNGR Advanced Material Co., Ltd. (“CNGR”, the “Company”) is an established producer of cathode precursors for lithium batteries and a major recycler of end-of-life batteries in China. The proposed IFC investment will support CNGR’s construction of recycling facilities for end-of-life batteries and scrapped materials in Tongren, Guizhou Province and integrated facilities in Qinzhou, Guangxi Province, both frontier regions in Southwest China (the “Project”).                                                   

Associated Advisory Engagement

                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation