ICM: Please give us an overview of Veolia’s battery recycling business.
Catherine Ricou: Veolia began exploring the strategic potential of innovative recycling loops in 2018. Battery recycling, so far a niche market, is one of the circular value chains that we decided to explore further, with several existing operational plants, one in France (Euro Dieuze Industrie) and one in Switzerland (Batrec). These 2 plants can process more than 22,500 tons (battery equivalent) producing black mass