RecycLiCo battery recycling JV commences production of Black Powder
RecycLiCo Battery Materials Inc., a pioneer in the field of sustainable lithium-ion battery recycling technology, has announced that RecycLiCo Zenith Battery Materials Technology Co., the Company’s joint venture with Zenith Chemical, has constructed a Stage 1 shredding facility at the site of its battery recycling plant in Taiwan and is now processing off-spec battery materials purchased from an established global battery manufacturer and selling the resulting black powder. The Joint Venture made its first shipment of black powder in late June and has already made arrangements for future shipments.
Construction of the Joint Venture’s Stage 2 recycling plant, which will process both black powder and the black mass resulting from the shredding of end-of-life batteries, is expected to begin later this year. Project planning for the Stage 2 plant is in the advanced stages and Zenith Chemical is expected to commence site preparation shortly. As previously announced, RecycLiCo will be supervising the construction in Vancouver of an expandable modular facility (initially 2,000 mt/year), which will be transported to, and commissioned in, Taiwan. Commissioning of the plant is anticipated in 2025.
The advanced battery recycling technology employed by the joint venture will be capable of processing black mass and black powder into high-value products, such as battery-grade lithium chemicals and precursor cathode active material (pCAM), positioning the joint venture at the forefront of advanced battery recycling solutions and as a contributor to the global efforts to develop sustainable energy sources.
Richard Sadowsky, Interim Chief Executive Officer of the Company, said, “This is the first step in RecycLiCo’s transition from a venture stage company into a revenue-generating global industrial enterprise. The entire RecycLiCo team is committed to this transition and the Board of Directors expects to take additional steps in that direction over the next few months.”
