Umicore is a global circular materials technology company specializing in the development, production, and recycling of metal-based materials. With over 200 years of history rooted in mining and smelting, the company has transformed into a leader in clean mobility materials, advanced materials, and recycling.
The company operates through four main business groups:
1. Battery Materials: Focuses on developing and producing high-performance cathode materials for lithium-ion and solid-state batteries, primarily serving the electric vehicle market. The division aims to optimize battery safety, range, and durability while reducing carbon footprints.
2. Catalysis: Provides catalytic solutions for automotive, industrial, and pharmaceutical applications. The division is a leading producer of automotive emission control catalysts and develops solutions for green hydrogen production.
3. Recycling: Operates one of the world's largest precious metals recycling facilities, processing complex waste streams to recover over 20 different metals. The division specializes in recycling materials from electronic waste, industrial byproducts, and end-of-life batteries.
4. Specialty Materials: Delivers advanced materials solutions for emerging technologies, including sensors for autonomous vehicles, semiconductor coatings, and materials for green hydrogen production.
Umicore's business model is built on a closed-loop approach, combining materials technology expertise with recycling capabilities. The company employs approximately 12,000 people globally and maintains operations across multiple continents. Their commitment to sustainability is demonstrated through ambitious environmental targets, including goals for net-zero greenhouse gas emissions by 2035 and increased use of renewable electricity.
The company places strong emphasis on responsible sourcing and has established frameworks for sustainable procurement of critical materials like cobalt, nickel, and lithium. Umicore's innovation focus is evidenced by significant R&D investments and numerous technological breakthroughs in areas such as battery materials, catalysis, and recycling processes.