Primobius, a joint venture equally owned by Australia’s Neometals and German SMS group, has signed a deal to enter the North American lithium-ion battery recycling market.
Primobius has signed a memorandum of understanding (MoU) with Stelco— a wholly-owned subsidiary of Canada-based Stelco Holdings— to commercialise an environmentally friendly recycling solution.
The MoU aims to form a 50:50 incorporated joint venture (JV) to process battery cells from scrap and end-of-life vehicles in North America.
Under the JV, Primobius will supply a 20,000 tons-per-year cell processing recycling facility adjacent to Stelco’s proposed vehicle recycling operation.
The Primobius pyrometallurgical recycling process recovers materials from consumer electronic batteries, and nickel‐rich electric vehicle and stationary storage battery chemistries.
Stelco will supply the battery cell feed to the plant.
Both firms intend to share information, conduct due diligence, collaborate and build a business case for a long-term commercial relationship between the parties.
Stelco is looking to establish a battery recycling business as part of its broader initiative with major automobile producers to recycle end-of-life automobiles to recover valuable materials for re-use or re-sale.
The facility will be modelled on Primobius’ proprietary refining process following the successful completion of demonstration trials at its plant, which is being built in a warehouse at the SMS group manufacturing center in Hilchenbach, Germany.