Umicore's Sustainability and Financial Report
Growth investments to accelerate
Over 3/4th of Group capex in battery materials, battery recycling & fuel cells
umicore
Capex 2015-2021
Catalysis
Capex 2022-2026*
E&ST
€ 2.8 bn
> € 5 bn
Recycling
Corporate
Phased capex and conditional
upon value creative returns
Bulk of Group capex oriented
towards secular growth
opportunities
Rechargeable Battery Materials
& Battery Recycling Solutions
most significant growth projects
in 2022-2026
Lower share of capex in
Catalysis notwithstanding initial
fuel cell growth investments
Fuel cell capex as % of Catalysis
< 20%
Rechargeable Battery Materials capex as % of E&ST
> 90 %
Battery Recycling Solutions capex as % of Recycling
appr. 50 %
Total as % of Group total
> 75 %
* Net investments incl co-financing
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