Recycling

Investments planned (in $Millions)

Remarks

CATL forms joint venture with Hubei Yihua Chemical Industry Co Ltd to recycle used EV batteries for chemicals such as cobalt and lithium. Company will begin construction of a recycling factory by 2025.

BASF to build commercial scale battery recycling black mass plant in Schwarzheide, Germany. With an annual processing capacity of 15,000 tons of EV batteries and production scrap.

Umicore to build a $525m battery recycling facility which will be 15 times the size of its current facilities in Europe by 2026, capable of processing 150,000 tpa of waste battery materials.

65 (in EU) 37 (in US)

Sungeel Hitech, South Korean battery recycling company to open a pre-processing plant for EV batteries in Hungary with a capacity of 50,000 tonnes of battery packs. The 10,000 tpa plant in Hungary outside of Budapest is located close to the plants of Samsung SDI and SK Innovation.

Huayou enters into a joint venture with POSCO HY Clean Metal (Posco Huayou Recycling Korea Co., Ltd.) to invest 120 billion won to build battery recycling facility. The project is scheduled to be completed in the second half of 2022 will treat 12000 tons of battery black powder annually.

POSCO, GS Energy to launch $121 million battery recycling joint venture to focussing on disassembling used batteries and extracting minerals such as lithium, nickel, cobalt and manganese.

Mercedes battery recycling project to take off with Mercedes in Kuppenheim Germany as German Federal Ministry for Economic Affairs and Climate Protection (BMWK) is funding LiBinfinity project for 16.66 million euros to enable efficient recycling management of battery materials.

Korea Zinc, the world’s largest lead and zinc smelter, buys a majority stake in a US-based electronic Igneo, waste recycling company for $332 million. This acquisition will expand Korea Zinc’s copper smelting capacity from the current 30,000 tpa for supply to its wholly-owned copper foil producing unit KZAM.

Industry: Recycling

Volta Foundation

Extracted from the PDF; charts and images may read imperfectly.