Green Li-ion plant in US signs offtake agreement

Green Li-ion, a Singapore-based provider of hydrometallurgical lithium-ion battery recycling systems, has secured a binding offtake agreement with global trading firm WMC for the nickel-cobalt-manganese (NCM) hydroxide materials produced at its facility in Atoka, Oklahoma.

The offtake agreement with Amsterdam-based raw materials trading firm WMC, which also has offices in New York, Hong Kong and Switzerland, runs through 2030.

“This landmark agreement guarantees a committed market for Green Li-ion’s high-purity battery materials and provides the company with the operational flexibility to scale in line with accelerating global demand for sustainable energy storage solutions,” the technology provider and plant operator says.

Green Li-ion says the Atoka facility is central to its United States expansion strategy, saying it will play a critical role in America’s circular battery economy.

The facility has been designed to convert end-of-life battery black mass into battery precursor materials, including NCM hydroxide, that can be used to make new batteries.

“We are thrilled to have secured this long-term offtake agreement with WMC,” says Leon Farrant, CEO and co-founder of Green Li-ion. “This partnership is a game-changer for us, enabling us to deliver critical battery materials and advancing our mission to drive sustainable innovation in battery manufacturing.”

Green Li-ion says the agreement with WMC reflects growing industry confidence in its process and product quality, positioning the company “as a key player in the global transition to clean energy.”

In addition to the Atoka installation in the U.S., Green Li-ion has facilities in Asia and Europe.

“This agreement is a strong validation of our technology, our approach and our people," says Kevin Hobbie, senior vice president of operations at Green Li-ion. "While others in the industry face setbacks, we’re demonstrating what’s possible when innovation and execution come together.”

WMC is a commodity merchant that provides long-term supply, offtake, marketing and financing services in the battery materials and nuclear industries.

“Our offtake agreement with Green Li-ion is a great example of a win-win strategy,” WMC co-founder and CEO Sander Elting says. “Their proven technology and engineering capabilities combined with WMC’s market expertise and operational knowledge will help accelerate the development of the global battery materials eco-system."