DALLAS, Jan. 29, 2024 (Korea Bizwire) – Ecobat, the global leader in battery recycling, announced today that its board of directors has confirmed the appointment of Thomas P. Slabe as chief executive officer (CEO) and named him a member of the board of the company, effective immediately. “We have great confidence in Tom and trust [...]
SEOUL, Dec. 13 (Korea Bizwire) — SK Ecoplant Co., the construction arm of South Korea’s chip-to-battery conglomerate SK Group, said Wednesday it has completed its second battery recycling plant in China in an effort to meet rising battery demand in the automobile industry. The second plant, located in Yancheng, Jiangsu province, is capable of processing [...]
SEOUL, July 9 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s leading steelmaker, said Sunday it has built a secondary battery recycling plant in the southwestern city of Suncheon as part of its push to expand its battery materials business. The plant will be operated by POSCO HY Clean Metal — the joint venture between [...]
SEOUL, March 23 (Korea Bizwire) — South Korea will be able to source 20,000 tons of lithium hydroxide from domestically recycled electric vehicle (EV) batteries by 2045 as EV purchases will increase, an outlook that calls for strategic efforts to promote the emerging industry given supply chain instability, a report showed Thursday. The projection is [...]
SEOUL, Dec. 21 (Korea Bizwire) — Major South Korean chemical firm LG Chem Ltd. said Wednesday it is buying a stake in a local battery recycling startup for a joint venture in North America, accelerating efforts to secure key components for electric vehicle batteries. LG Chem signed the agreement Tuesday with JaeYoung Tech Ltd. to [...]
SEOUL, Oct. 7 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, announced on Thursday that it had established a battery recycling joint venture with GS Energy Corp., an energy unit of GS Group. Both entities have engaged in talks since September last year on how to promote cooperation in their core [...]
SEOUL, Aug. 26 (Korea Bizwire) — POSCO Holdings Co., the world’s fifth-largest steelmaker by output, said Friday it has completed the construction of a used secondary battery recycling plant in Poland as part of its push to expand its presence in the burgeoning sector. The Poland Legnica Sourcing Center (PLSC), in Brzeg Dolny, some 30 [...]
SEOUL, July 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Tuesday it has signed a joint venture agreement with a Chinese mining company to build a battery recycling plant to secure raw materials for lithium-ion battery components. The joint venture deal with Zhejiang Huayou Cobalt Co. will commit the two companies to build [...]
Chicago , April 6 (Korea Bizwire) — According to the new market research report “Battery Recycling Market by Chemistry, Source (Automotive Batteries, Industrial Batteries, Consumer & Electronic Appliance Batteries), Region (Asia Pacific, Europe, North America, South America, Middle East & Africa) – Global forecast to 2025″, published by MarketsandMarkets™, the Battery Recycling Market is projected to grow from USD 17.2 billion in 2020 to USD 23.2 billion by 2025, [...]
SEOUL, Dec. 15 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemical company, and its subsidiary LG Energy Solution Ltd. said Wednesday they have jointly acquired a stake in a Canadian lithium-ion battery recycling company. LG Chem and the battery maker LG Energy Solution invested 30 billion won (US$25.3 million) each to acquire a [...]