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Monday, June 28, 2021

Battery Resourcers, Honda enter EV battery recycling deal - S&P Global

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Highlights

Batteries to be used in production of new cathode materials

Massachusetts plant capable of 97% metal recovery from batteries

Battery Resourcers has entered into an agreement with American Honda Motor to disassemble and recycle spent lithium-ion batteries from the automaker's electric vehicles for the production of battery-ready cathode-active materials, the companies said June 28.

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"The safe and affordable recycling of spent lithium-ion batteries is a significant challenge for carmakers and battery manufacturers, especially since millions of EVs are expected to hit the road in the coming years and new regulations mandate the recycling of spent batteries and the use of recycled metals in new batteries," the companies said in a statement.

"In the future, Battery Resourcers and Honda will also work together to improve recyclability and to reintegrate recycled material back into Honda's material supply chain."

Battery Resourcers CEO Mike O'Kronley said the company's closed-loop recycling process satisfies environmental and regulatory concerns by extracting valuable materials from used batteries that would otherwise go to waste.

The Massachusetts-based battery recycling company currently operates a vertically integrated recycling and refining plant in Worcester, Massachusetts, where the batteries from Honda will be processed.

The Worcester plant is capable of achieving 97% metal recovery from a mixed stream of used lithium-ion batteries to produce finished nickel-manganese-cobalt (NMC)-based cathode materials.

Battery Resourcers eventually plans to process Honda's batteries at a commercial-scale plant that will be operational in the first half of 2022. The new site will be capable of processing more than 20 million lb of batteries annually.

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June 29, 2021 at 12:54AM
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Battery Resourcers, Honda enter EV battery recycling deal - S&P Global

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