RecycLiCo Battery Supplies, a battery recycling firm, has acquired funding approval from the Taiwan Division of Funding Evaluation for its 50/50 three way partnership with Zenith Chemical.
RecycLiCo will make investments 24 million Taiwan {dollars} ($768,000) initially, and subsequent investments shall be decided as wanted via building and commissioning. The three way partnership, Recyclico Zenith Battery Supplies Know-how, is growing the mission, Zenith Chemical will put together the Taiwan website and RecycLiCo will construct a 2,000 t/yr modular manufacturing unit in Vancouver. This modular plant is meant to be transported to Taiwan for the ultimate commissioning. The three way partnership will flip black matter into high-value items like battery-grade lithium compounds and precursor cathode energetic materials (pCAM).
“The modular building strategy of the plant permits for versatile scalability, enabling the three way partnership to effectively broaden its capability in response to the rising Asian battery recycling market,” the corporate mentioned.
Supply: RecycLiCo