Retriev Technologies has solidified its position in the North American lithium-ion battery recycling market with two milestones this month.
Last week the firm announced its first volume shipment of recovered battery materials to Marubeni Corporation.
The shipment was made under the umbrella of their strategic partnership, which was formed in February to develop an business model for end-of-life Lithium-ion batteries.
The recycling program aims to take valuable metals recovered from used batteries to expand the circular business model for EV battery-to-battery closed loop recycling.
Earlier this month, the company teamed up with electronics recycler Hobi International to begin collecting and recycling large format EV batteries throughout North America.
The companies entered into a collaborative partnership to ensure lithium batteries used in EVs are collected and responsibly recycled to create value within the battery industry’s circular economy.
Rick Rose, vice president of Retriev Technologies’ Ohio Corporate Headquarters, said: “As more states adopt measures similar to California, which has implemented a ban on internal combustion engines sold in the state starting in 2030, the EV market will grow exponentially in the coming years.
“The end-of-life management and recycling of these batteries is critical for environmental safety and sustainability, and it must be addressed now.”
Last year, scientists at Idaho National Laboratory (INL) in the US demonstrated a proof-of-principle electrochemical process for recycling lithium-ion batteries using material from Retriev.