South Korean tech company SK Ecoplant and its battery recycling subsidiary Tes-Amm are building a waste battery recycling plant in Yancheng City, Jiangsu Province, China.
A report in Recycling International said the 8,000 sq metre factory will be ready by the end of 2024 and will be a pre-treatment facility for scrap from lithium-ion batteries.
It will shred cathode and anode scrap to extract black mass, the report said.
Local company G-Cycle, a joint venture launched by Tess-Amm in 2019, will operate the plant.
SK Ecoplant CEO Lee Dae-hyeok said the companies are aiming to lead the waste battery recycling market.
China accounts for more than 60% of global electric car sales by 2022, according to data from the Korea Automobile Research Institute, the report said. Dae-hyeok said there are about 10 production plants for EV battery manufacturers in the Jiangsu region, including BYD.
Earlier in May, Tes-Amm signed a contract with Portuguese energy company Galp Energia, for a lithium-ion battery recycling hub in the Iberian peninsula. It will treat both production scrap and post-consumer batteries.
They will engage battery producers, automotive OEMs, EV fleet owners, and other sources of end-of-life batteries for battery material feedstock, they said.
Photo: Tes-Amm signed a contract with Portuguese energy company Galp Energia
