South Korea's waste battery recycling layout is speeding up

South Korea is speeding up its industrial layout in the field of waste battery recycling. Foreign media reported that EcoGraf, an Australian graphite material company, announced that it has signed a memorandum of understanding (MoU) with South Korean lithium battery recycling company SungEelHitech Co. Ltd. The two sides will reach cooperation in the field of waste power lithium battery recycling. According to the agreement, SungEelHitech will use EcoGraf's proprietary purification process to recover high-purity graphite materials from waste batteries. SungEelHitech currently has the capacity to process 24,000 tons of lithium battery materials per year, and plans to increase its annual output to 56,000 tons through its Korean hydrometallurgical plant to recover metal materials including nickel, cobalt, manganese and lithium. In November 2019, Envirostream Australia Pty Ltd (24% shareholding), a subsidiary of Lithium Australia Limited (ASX: LIT), signed a purchase agreement with SungEelHiTech to sell cobalt, nickel, lithium, etc., extracted from lithium batteries recovered in Australia. Mixed metal dust (MMD). At present, South Korea is actively deploying waste battery recycling, with the intention of creating an ecological closed loop of the country's lithium battery industry chain, so as to achieve South Korea's goal of occupying 5.7% of the global recycling market. Earlier this year, South Korea’s GS Engineering u0026 Construction Corp. signed an investment agreement with Pohang City, planning to invest US$86 million (approximately RMB 600 million) to build a lithium battery recycling plant in the Pohang Free Zone. The goal of the plant is to recycle used lithium batteries from electric vehicles and other automobiles each year, and extract 4,500 tons of nickel, cobalt, lithium, manganese and other metal materials from them. Later, additional investment will be made to increase the plant's recycling capacity to 10,000 tons per year. In 2019, South Korean company EarthTech announced that it will invest 24 billion won (approximately 140 million yuan) to build a plant for dismantling electric vehicles and recycling used batteries in Yeonggwang County, Jeollanam-do. The first phase of the project is expected to be completed in March 2020. Month completed. The plant can disassemble 5,000 electric vehicles every year and process 2,000 tons of used electric vehicle batteries. In addition, Korean local battery companies and OEMs including Samsung SDI, LG Chem, SKI, Hyundai Motor, etc. have also collaborated in the recycling of used batteries to recover lithium battery raw materials from used batteries to ensure a stable supply of lithium battery raw materials. . Disclaimer: Some pictures and content of articles published on this site are from the Internet, please contact to delete if there is any infringement.