Funding for battery recycling plant from ABTC
It will have five times the processing capacity of the company’s first lithium-ion battery recycling plant in Reno, Nevada, according to ABTC. The facility will accept various scrap materials and production waste and produce battery-grade nickel, cobalt, manganese and lithium hydroxide products for sale in the North American market. ABTC entered into a strategic partnership with BASF in the summer of 2023. The German chemical company is one of the leading cathode manufacturers in North America and sources battery-grade metals from ABTC.
“We are extremely proud to have been awarded this highly competitive grant contract from the US DOE, and it will directly support the additional capacity required to process the quantity of materials demanded from the domestic automotive and battery industry,” stated American Battery Technology Company CEO Ryan Melsert. “We are excited to be further scaling our internally-developed recycling technologies and expanding domestic supply of unrealised, in-demand, recycled, battery grade, sustainably-manufactured materials.”
The new facility will implement the internally developed processes for strategic dismantling and targeted chemical extraction of battery-grade products at a competitive cost and with a low environmental footprint. These processes have already been proven to generate battery products that meet the stringent specifications of cathode refinery customers and are fundamentally different from traditional battery recycling methods, which typically utilise either high-temperature smelting or shredding systems.
1 Comment