Ascend Elements and EcoPro Group are teaming up to supply the North American EV industry with recycled battery materials.
Ascend Elements, a Massachusetts-based battery recycling and engineering materials company, and EcoPro Group, a leading South Korean battery materials company, signed a memorandum of understanding (MOU) to cooperate in the development, certification and integration of recycled battery materials. announced the deal. Cathode products from EcoPro.
EcoPro supplies Cathode Active Material (CAM) to some of North America’s largest EV battery manufacturers. Meanwhile, Ascend Elements recycles EV batteries and battery manufacturing scrap from many sources, including the SK Battery America (SKBA) facility in Commerce, Georgia. EV Battery Recycling, Ascend Elements transforms recycled batteries and manufacturing scrap into new sustainable cathode precursors.
Under the agreement, Ascend Elements will supply EcoPro with recycled battery materials. EcoPro transforms that material into battery-ready, high-performance CAM for battery manufacturing customers.
Michael O’KronelyCEO of Ascend Elements said:
This is one of the first examples in North America of a true circular battery economy.
“Today, battery manufacturing scrap is the largest source of recyclable lithium-ion battery material. We are increasing the value of the material by designing it to be
Park Sang Wooksaid EcoPro’s vice president of strategic planning.
Recycling materials from waste batteries to create a circular economy is very important in the pursuit of sustainability.
“Closing the loop to reuse materials and produce new cathode active materials is a key component of a greener future. By partnering with us, we are one step closer to achieving our goals.”
By using recycled battery materials instead of newly mined materials, battery manufacturers can significantly reduce the climate impact of EV battery manufacturing. The manufactured cathode precursor is considered a domestic source of battery material under the U.S. Inflation Reduction Act.
Ascend Elements uses a revolutionary Hydro-to-Cathode™ Direct Precursor Synthesis process to convert black mass into sustainable, high performance precursors and CAMs. This matches or exceeds the performance of cathode materials made from virgin metal.
This process can recover up to 98% of critical battery components with lower carbon emissions compared to traditional cathode manufacturing methods.
The company recently announced plans to invest up to $1 billion to build a sustainable lithium-ion battery materials facility in Hopkinsville, Kentucky. His sustainable CAM with battery precursors for up to 250,000 electric vehicles per year.
About EcoPro
Since its founding in 1998, EcoPro Co., Ltd. has two businesses that have succeeded in developing environment-friendly core materials and components related to air pollution prevention, and domestically producing major materials for secondary batteries, which are heavily dependent on imports. It has been constructed.
In May 2016, we spun off EcoPro BM, which specializes in the cathode materials business, to develop high-nickel cathode materials and lead the global market. In May 2021, in order to specialize in air quality, we spun off our human resources department to become EcoPro HN. Become a comprehensive environmental company that does not Korea.
EcoPro Group now owns a complete closed-loop battery recycling system and cathode manufacturing facility in Pohang, where waste batteries are recycled into lithium hydroxide, precursor supply and cathode material production.
About Ascend Elements
Based in Westborough, Massachusetts, Ascend Elements is a leading provider of sustainable, closed-loop battery materials solutions. From EV battery recycling to commercial scale production of Lithium Ion Battery Precursor (pCAM) and Cathode Active Material (CAM), Ascend Elements is revolutionizing the production of sustainable Lithium Ion battery materials.
The Company’s Hydro-to-Cathode™ Direct Precursor Synthesis Technology Generates New CAMs from Spent Lithium-Ion Batteries More Efficiently than Traditional Methods, Lowering Costs, Improving Performance and Lowering GHG Emissions To do. Ascend Elements is leading the lithium-ion battery industry to a higher level of sustainability by reducing batteries going to landfills and making manufacturing processes cleaner.
Ascend Elements and EcoPro Group Collaborate to Supply Recycled Battery Materials to the North American EV Industry Westborough, Massachusetts October 12, 2022
