Singapore-headquartered lithium-ion battery recycler Green Li-ion has signed a non-binding letter of intent (LOI) to form a strategic partnership with the South Korean precursors production firm EcoPro Materials.
The agreement sets out EcoPro’s intent to purchase nickel, cobalt, manganese hydroxide (NCM hydroxide) produced from recycled lithium-ion battery waste at Green Li-ion’s US facility in Atoka, Oklahoma.
It would involve Green Li-ion sending recycled battery material to EcoPro for the next five years, starting from 2026, which would be part of the expansion of the production volume at the Atoka facility.
A mass production trial is currently being completed as the first step in the partnership, after which both firms will form long-term supply agreements.
The firm said that the scope of the agreements will begin with NCM hydroxide supply and may expand to include other battery materials where mutually acceptable.
It said the non-binding LOI reflects the good-faith intent of both companies to be involved in long-term supply agreements.
The firm develops modular solutions using its technology to convert spent batteries into cathode and anode materials like precursor cathode active materials, graphite, and lithium carbonate.
“This LOI marks a key step in scaling sustainable battery materials,” said Leon Farrant, CEO and co-founder, Green Li-ion. “Partnering with EcoPro strengthens the circular economy for Li-ion batteries. This substantial agreement is a major milestone, requiring us to significantly increase production capacity for the next phase of serious ramp-up.”
Image: Green Li-ion has signed a LOI with EcoPro for NCM hydroxide supply. Credit: Green Li-ion.
