Battery recycling company Cirba Solutions has announced a Phase I investment of at least $300 million in a new battery recycling facility to be built near Columbia, South Carolina.

The plant, Cirba’s eighth in North America and fourth in the US, will focus on processing end-of-life hybrid and EV batteries, gigafactory scrap, and end-of-life consumer batteries. It will extract such materials as nickel, cobalt and lithium in quantities sufficient to support production of 500,000 EV batteries annually.

The company says it plans to invest more than $1 billion in the next five years to expand the infrastructure required to meet growing demand for these critical materials. Groundbreaking for the 200-acre South Carolina campus is scheduled for this year, and operations are expected to begin in late 2024.

Source: Cirba Solutions