Neometals Ltd Australia and SMS Group’s 50:50 joint venture Primobius for to recycling solution for end-of-life and scrap lithium-ion battery cells has now signed a memorandum of understanding with Stelco Inc Canada. Stelco is pursuing initiatives with major automobile producers to recycle end-of-life automobiles to recover valuable materials for re-use or re-sale. Recycling the lithium-ion batteries contained in electric vehicle automobiles is a major aspect within this value chain, which will become even more important in the future. Stelco is looking to partner with a party with lithium-ion battery capabilities for the purposes of establishing a battery recycling business in North America as part of its broader automobile recycling pursuits. The Primobius recycling process offers large-scale sustainable recycling that can drastically reduce the CO2 footprint of vehicle and cell makers. The MoU provides a framework towards establishing a 50:50 incorporated lithium-ion battery recycling joint venture in North America. Under the JV, Primobius would supply a dedicated recycling facility adjacent to Stelco’s proposed vehicle recycling operation, for operation by the JV partners with equal contribution of capital costs and sharing of financial returns. By entering into the MoU, Primobius and Stelco intend to share information, conduct due diligence, collaborate and build a business case for a long-term commercial relationship between the parties. The MoU contemplates the potential formation of a 50:50 incorporated JV to process battery cells arising primarily from scrap and end-of-life vehicles in North America. Primobius will supply and construct a recycling plant initially with a nominal 20,000 tons-per-year cell processing capacity for the JV while Stelco will arrange sufficient supply of battery cell feed to the plant. The JV and Stelco would actively plan for an expanded capacity operation to capture future increased quantities of cells if they become available. The facility will be modeled on Primobius’ proprietary refining process following the successful completion of the demonstration trials at its showcase facility. Primobius’ demonstration plant is currently being assembled in a dedicated warehouse at the SMS group manufacturing center in Hilchenbach, Germany.
Neometals Ltd Australia and SMS Group’s 50:50 joint venture Primobius for to recycling solution for end-of-life and scrap lithium-ion battery cells has now signed a memorandum of understanding with Stelco Inc Canada. Stelco is pursuing initiatives with major automobile producers to recycle end-of-life automobiles to recover valuable materials for re-use or re-sale. Recycling the lithium-ion batteries contained in electric vehicle automobiles is a major aspect within this value chain, which will become even more important in the future. Stelco is looking to partner with a party with lithium-ion battery capabilities for the purposes of establishing a battery recycling business in North America as part of its broader automobile recycling pursuits. The Primobius recycling process offers large-scale sustainable recycling that can drastically reduce the CO2 footprint of vehicle and cell makers. The MoU provides a framework towards establishing a 50:50 incorporated lithium-ion battery recycling joint venture in North America. Under the JV, Primobius would supply a dedicated recycling facility adjacent to Stelco’s proposed vehicle recycling operation, for operation by the JV partners with equal contribution of capital costs and sharing of financial returns. By entering into the MoU, Primobius and Stelco intend to share information, conduct due diligence, collaborate and build a business case for a long-term commercial relationship between the parties. The MoU contemplates the potential formation of a 50:50 incorporated JV to process battery cells arising primarily from scrap and end-of-life vehicles in North America. Primobius will supply and construct a recycling plant initially with a nominal 20,000 tons-per-year cell processing capacity for the JV while Stelco will arrange sufficient supply of battery cell feed to the plant. The JV and Stelco would actively plan for an expanded capacity operation to capture future increased quantities of cells if they become available. The facility will be modeled on Primobius’ proprietary refining process following the successful completion of the demonstration trials at its showcase facility. Primobius’ demonstration plant is currently being assembled in a dedicated warehouse at the SMS group manufacturing center in Hilchenbach, Germany.
