Raw materials provider SungEel Recycling Park Georgia— a subsidiary of SungEel Hi Tech— will locate its first US lithium-ion battery recycling facility in Georgia.
The subsidiary of the Korea-based global industry leader SungEel HiTech will invest more than $37 million in the new facility that will recover metals including nickel, cobalt, and lithium.
SungEel specialises in complete recycling technology using a 100% full circulatory system, which recycles end-of-life batteries and battery manufacturing scrap.
SungEel Recycling Park Georgia’s new facility will be located at the Hayestone Brady Business Park, a Georgia Ready for Accelerated Development (GRAD) Certified site, in Toccoa.
The GRAD Program is a proactive effort by Georgia’s economic development community to develop a portfolio of available sites ready for fast-track development. Operations are expected to begin in early 2024.
Georgia’s location, extensive infrastructure, skilled workforce, and business-friendly climate has made it an attractive location for a diverse array of developing industries focused on creating a sustainable future.
Georgia is cultivating a vertically integrated supply chain that will help companies increase efficiencies by reducing the reliance on imported materials.
SungEel HiTech operates recycling facilities in South Korea, China, Malaysia, India, and Hungary, with new facilities underway in Poland and Germany.