EcoPro partners with Cirba Solutions for battery recycling

The S.Korean company signed a MOU with the US-based lithium-ion battery recycling firm to access cost-effective scrap techs

EcoPro partners with Cirba Solutions for battery recycling
Hyung-Kyu Kim 1
2024-02-01 13:28:30 khk@hankyung.com
Batteries

South Korean battery materials manufacturer EcoPro Co. said on Thursday that it has signed a memorandum of understanding (MOU) with the US-based lithium-ion battery recycling Cirba Solutions.

Cirba Solutions specializes in extracting valuable minerals like nickel from scrap and spent batteries, a by-product of the battery production process.

The firm's technology and competitive edge have been acknowledged with a $50 million investment from Marubeni, a Japanese general trading company.

The MOU enables EcoPro to utilize the extensive US network of its partner to access cost-effective scrap and spent batteries.

This strategic move is aimed at establishing EcoPro's position in the North American lithium-ion battery recycling market.

In response to the US Inflation Reduction Act (IRA), EcoPro intends to proactively secure recycled materials produced from scrap sourced by Cirba Solutions in North America and establish local recycling collaborations.

Write to Hyung-Kyu Kim at khk@hankyung.com
#EcoPro #US #Cirba Solutions #battery recycling #scrap #lithium-ion

EcoPro hits first 100,000 tons export in high-nickel cathode material

EcoPro hits first 100,000 tons export in high-nickel cathode material

South Korean battery materials manufacturer EcoPro Co. announced on Monday that it achieved a significant milestone last year by exporting over 100,000 tons of high-nickel cathode materials, marking the first time the company has surpassed this annual export volume. This represents a 24.4% sur

EcoPro establishes Global Resources Office for securing core minerals

EcoPro establishes Global Resources Office for securing core minerals

South Korean battery materials manufacturer EcoPro Co. announced on Tuesday that it has established a "Global Resources Office" to expedite the acquisition of crucial resources needed for the production of secondary battery materials such as lithium and nickel.The Global Resources Office plans

Ecopro to develop lithium mine in Nevada with Australian firm

Ecopro to develop lithium mine in Nevada with Australian firm

South Korean battery materials maker EcoPro Co. announced on Wednesday its subsidiary EcoPro Innovation signed a memorandum of understanding (MOU) with Australian lithium company Ioneer Ltd. to develop a lithium mine in Nevada, the US. The two companies plan to collaborate on research and

EcoPro to log record-high foreign net purchases in July

EcoPro to log record-high foreign net purchases in July

EcoPro posts its record-high closing price of 1.14 million won on July 21 (Courtesy of Yonhap News)  South Korean battery materials maker EcoPro Co., the stock price of which has soared more than nine times on the junior bourse Kosdaq since January of this year, is set to post record-hig
(* comment hide *}