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Monbat drops plans to acquire control of Assad

Mon, 10/22/2018 - 00:00 -- John Shepherd

Bulgarian lead-acid battery manufacturer Monbat has dropped plans to buy a majority stake in Tunisian lead firm Assad.

The decision to scrap the deal, announced last year, came amid reports of an alleged pending legal case concerning the land on which Assad built its production plant— and concern that Monbat would be unable to retain control of an Assad subsidiary in Algeria because of proceedings in that country.

Monbat declined to comment in detail, but a spokesperson said: “In the course of the final stage of the due diligence of L’accumulateur Tunisiene Assad, there were subsequent matters disclosed which are challenging the originally expected value creation and are increasing Monbat’s level of enterprise risk.”

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Aqua Metals chief upbeat as ingots production gears up

Mon, 10/22/2018 - 00:00 -- John Shepherd
Ingoting process at Aqua Metals' plant in Nevada

Novel US lead-acid battery-recycling company Aqua Metals has “overcome technical hurdles” and is now making lead ingots at a “steady state”, the company’s president has announced.

Steve Cotton said the firm would be able to ship its “ultra-pure AquaRefined lead directly to battery manufacturers for production— and also allow them to test our AquaRefined lead for improved battery performance and life”.

Cotton’s announcement signalled what the company hopes will be a continuation of a gradual turnaround in its fortunes following a number of setbacks in striving to commercialise a water-based lead-acid recycling process.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Monbat drops plans to acquire control of Assad

Mon, 10/22/2018 - 00:00 -- John Shepherd
Assad battery

Bulgarian lead-acid battery manufacturer Monbat has dropped plans to buy a majority stake in Tunisian lead firm Assad.

The decision to scrap the deal, announced last year, came amid reports of an alleged pending legal case concerning the land on which Assad built its production plant— and concern that Monbat would be unable to retain control of an Assad subsidiary in Algeria because of proceedings in that country.

Monbat declined to comment in detail, but a spokesperson said: “In the course of the final stage of the due diligence of L’accumulateur Tunisiene Assad, there were subsequent matters disclosed which are challenging the originally expected value creation and are increasing Monbat’s level of enterprise risk.”

Other projects being financed by Monbat’s recent corporate bond issue are under way and an update will be issued to investors in due course, the Sofia-based company said in a filing with Bulgaria’s Financial Supervision Commission.

Monbat said it would “sustain its investment selectivity and focus on those business projects in the current pipeline, which provide the best match between return and operational risk”.

Assad, founded in 1974, designs, manufacturers, distributes and recycles lead-acid batteries for applications, including automotive, marine, solar, industry and telecoms.

Assad has reported a combined annual production capacity of 1.2 million batteries. The firm’s recycling arm was launched in 2002 to recycle around 10,000 tons of used batteries from the Tunisian market each year.

Monbat was founded in 1959, privatised in 1998 and is now a leading European battery producer. The company has production and recycling plants in three countries and exports worldwide.

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Chinese firm invests in South Korea battery recycling partnership

Wed, 07/11/2018 - 14:02 -- Xuan Zhong
Chinese firm invests in South Korea battery recycling partnership

A Chinese company is building a lithium-ion battery recycling joint venture in South Korea— in response to China’s ban on solid waste imports, BEST Battery Briefing can reveal.

China’s Anhua Taisen Recycling Technology said its decision to launch the project, in partnership with South Korean e-waste recycler NH Recytech, was driven by China’s decision last year to halt imports of more than 20 types of solid waste.

 

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US training boost for next lead-acid generation

Fri, 06/29/2018 - 11:01 -- Xuan Zhong
US training boost for next lead-acid generation

A pioneering programme to nurture tomorrow’s generation of professionals for the expanding US lead-acid sector is under way in Missouri backed by lead recycling firm Doe Run.

St Louis-based Doe Run has already stepped up hiring in 2017 and 2018 for its mining and lead battery recycling operations.

 

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Gravita signs ‘sustainable’ lead deal with Amara Raja

Wed, 05/30/2018 - 09:25 -- John Shepherd
Gravita signs ‘sustainable’ lead deal with Amara Raja

Indian lead producer and exporter Gravita has signed a recycling agreement with the country’s industrial and automotive battery producer Amara Raja Batteries.

The contract for lead-acid battery scrap collection and recycling was part of a “joint initiative toward environmental protection and sustainability”, Gravita said in a National Stock Exchange of India announcement.

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Lead batteries recycling plan for Azerbaijan

Fri, 05/18/2018 - 10:50 -- Xuan Zhong
Lead batteries recycling plan for Azerbaijan

The Republic of Azerbaijan is reportedly set to build a lead-acid battery recycling plant on the campus of the country’s National Academy of Sciences.

The plant, to be built in the Academy’s Hi Tech Park in Baku, on the Caspian Sea coast, is needed to tackle the “urgent” problem of waste batteries disposal, the regional Trend News Agency reported.

 

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Chinese lithium recycler in NEV lithium link-up with BAIC

Wed, 05/16/2018 - 09:23 -- Xuan Zhong
Chinese lithium recycler in NEV lithium link-up with BAIC

Chinese lithium battery recycler GEM has teamed up with domestic state-owned carmaker BAIC to establish a used batteries collection and recycling operation.

The move is the latest response to Chinese government guidelines to ensure the prompt recycling of batteries from the country’s fast-developing new energy vehicle (NEV) market.

 

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US-Korea LIB recycling joint venture launch

Mon, 04/16/2018 - 10:30 -- John Shepherd
US-Korea LIB recycling joint venture launch

A new US-Korean joint venture has announced plans to launch a major lithium-ion batteries recycling operation in the US.

Metallica Commodities Corp (MCC) and SungEel HiTech said the new company, SungEel MCC Americas (SMA), will “redefine” the lithium-ion battery, e-waste recycling, energy and metals markets in North America— “where consumption of cobalt and lithium has outpaced supply in recent years”.

 

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BYD plans China battery recycling plant

Tue, 04/03/2018 - 11:38 -- John Shepherd
BYD plans China battery recycling plant

Chinese electric vehicle maker BYD has confirmed plans to open a battery recycling plant in Shanghai.

A BYD spokesperson told BBB the plant would go ahead but said a date for the project’s start had yet to be fixed.

 

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