Image courtesy of RecycLiCo Battery Materials Inc.
Lithium-ion battery (LIB) recycler RecycLiCo Battery Materials Inc., Surrey, British Columbia, has signed a memorandum of understanding with South Korean electronics manufacturer Sonid Inc. outlining a strategic partnership and business framework for establishing a LIB recycling facility.
The companies say they will leverage their strengths and engage in plans regarding the commercial collection, pretreatment and hydrometallurgical processing of end-of-life batteries while contributing to the sustainability of the LIB supply chain.
“RecycLiCo is a company with excellent lithium-ion battery recycling technology,” Sonid CEO Choi Si-Myung says. “We are excited to work with them to bring this technology to the Korean market through a commercial joint venture or technology licensing arrangement. This partnership will allow us to increase the efficiency and sustainability of our operations, and we look forward to working with RecycLiCo to establish a lithium-ion battery recycling facility.”
“The signing of this MOU marks the beginning of a potential partnership that could bring the RecycLiCo technology to commercial scale,” RecycLiCo CEO Zarko Meseldzija says. “By coupling RecycLiCo’s innovative recycling-upcycling technology with Sonid’s commercial expertise, we are laying the foundation for a sustainable and efficient lithium-ion battery supply chain.”
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