LG Chem has formed a joint venture with battery materials manufacturer Korea Energy Materials (KEMCO) to invest more than 200 billion KRW ($160 million) in the construction of a battery precursor materials production line in the Onsan Industrial Complex in Ulsan. Construction of the line is set to begin this July. The metals provided by… Read more »
Search Results Found For: "battery recycling"
Li-Cycle partners with LG to recycle battery manufacturing scrap
Li-Cycle, LG Chem (LGC) and LG Energy Solution (LGES) have agreed to cooperate on battery recycling and sales. Li-Cycle has agreed to recycle LGES’s battery manufacturing scrap and other lithium-ion battery material from its North American manufacturing sites over a 10-year period. Also, Li-Cycle has agreed to sell 20,000 tons of recycled nickel sulphate to… Read more »
BASF inks land purchase agreement for battery site in Canada
Cathode active materials (CAM) producer BASF has signed an agreement to purchase land for a future CAM materials production, battery metals recycling and refining site in Quebec. The site is positioned beside the Saint Lawrence River in Bécancour. According to BASF, the site will “rely on competitive hydropower to further reduce the carbon footprint of… Read more »
Defense Production Act could boost domestic production of critical battery minerals
Shortages of battery materials represent a serious bottleneck that’s sabotaging environmental goals and costing consumers a bundle, and the supply crunch seems likely to be with us for some time. President Joe Biden has invoked the Defense Production Act in order to encourage domestic production of critical raw materials. Doing so added critical battery minerals… Read more »
DOE announces $5 million to launch battery workforce initiative
The US Department of Energy (DOE), in coordination with the Department of Labor and the AFL-CIO, has announced the launch of a national workforce development strategy for lithium-ion battery manufacturing. As part of a $5-million investment, DOE will support up to five pilot training programs in energy and automotive communities, and advance workforce partnerships between… Read more »
Retriev Technologies buys Li-ion recycler Battery Solutions
Lithium battery recycling company Retriev Technologies has purchased battery recycling management firm Battery Solutions. According to Retriev, the acquisition makes the expanded company “the first and only comprehensive battery management solution in North America.” “Our combined assets and talented team enable us to be the only player in the industry that has the capability to… Read more »
Mercedes battery pack plant in Alabama will shorten supply chain, reduce emissions
Mercedes-Benz has opened a battery pack factory in Bibb County, Alabama, near a plant in Tuscaloosa where the company will soon be building its new EQE and EQS electric SUVs for the US market. The new plant will not be manufacturing cells, but rather assembling purchased cells into packs for the EQE and EQS. The… Read more »
Ascend Elements to recycle battery manufacturing scrap for SK Battery America
Battery recycling specialist Ascend Elements (formerly Battery Resourcers) has been selected by SK Battery America (SKBA) to recycle both cell and module battery manufacturing scrap from SKBA’s manufacturing facility in Commerce, Georgia. The scrap material will be recycled at Ascend Elements’ new 154,000-square-foot battery recycling facility in Covington, Georgia, which is designed to recover 98%… Read more »
DOE announces funding opportunities for US battery supply chain efforts
Based on funding from the Bipartisan Infrastructure Law, the DOE says it will provide $2.91 billion in the coming months to strengthen the US battery supply chain. The DOE says the funding will support new, retrofitted and expanded battery materials and cell recycling and production facilities. The funding will also contribute to research, development and… Read more »
Nth Cycle raises $12.5 million in Series A funding for cobalt and nickel recycling tech
Battery and metal recycling technology company Nth Cycle has raised $12.5 million in Series A funding, which it will use to deploy the first commercial units of its electro-extraction technology to recycling facilities in 2022 and to grow its technical and development staff. Nth Cycle’s electro-extraction technology uses electricity and carbon filters to recover cobalt… Read more »