RecycLiCo receives key approval for battery recycling joint venture

RecycLiCo Battery Materials Inc., a lithium-ion battery (LIB) recycler headquartered in Surrey, British Columbia, has received investment approval from the Taiwan Department of Investment Review for its 50/50 joint venture with Taiwan-based Zenith Chemical Corp. The joint venture company, named RecycLiCo Zenith Battery Materials Technology Co., solidifies a significant partnership in the company’s expansion within the Asian market.

Following the comprehensive approval process conducted by the Taiwan Department of Investment Review, RecycLiCo has committed to an initial capital injection of 24 million New Taiwan dollars ($763,905). The company says this initial investment lays the foundation for the project of building a battery recycling facility, with subsequent investments to be determined by the joint venture company as needed throughout the construction and commissioning phases.

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The joint venture has initiated its project planning, with Zenith Chemical leading the site preparation work in Taiwan and RecycLiCo preparing a 2,000 metric ton-per-year modular plant in Vancouver. The modular plant is pivotal to the project, according to RecycLiCo, and is intended to be transported to Taiwan for the final commissioning.

The advanced battery recycling technology employed by the joint venture will be capable of processing black mass into high-value products, such as battery-grade lithium chemicals and precursor active material (pCAM).

RecycLiCo expects the project to contribute to its global expansion in sustainable recycling solutions. Moreover, the modular construction approach of the plant allows for flexible scalability, enabling the joint venture to efficiently expand its capacity in response to the growing Asian battery recycling market.