Charged EVs | RecycLiCo secures investment for battery recycling joint venture

RecycLiCo Battery Supplies, a battery recycling firm, has obtained funding approval from the Taiwan Division of Funding Evaluate for its 50/50 three way partnership with Zenith Chemical.

RecycLiCo will make investments 24 million Taiwan {dollars} ($768,000) initially, and subsequent investments shall be decided as wanted via development and commissioning. The three way partnership, Recyclico Zenith Battery Supplies Know-how, is growing the challenge, Zenith Chemical will put together the Taiwan website and RecycLiCo will construct a 2,000 t/12 months modular manufacturing facility in Vancouver. This modular plant is meant to be transported to Taiwan for the ultimate commissioning. The three way partnership will flip black matter into high-value items like battery-grade lithium compounds and precursor cathode energetic materials (pCAM).

“The modular development strategy of the plant permits for versatile scalability, enabling the three way partnership to effectively broaden its capability in response to the rising Asian battery recycling market,” the corporate stated.

Supply: RecycLiCo



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