12/27/2023 0 Comments Ascend elements![]() In May 2016, “EcoPro BM” was split off to specialize in the cathode material business, developing high-nickel cathode material and leading the global market in such products. is made up of two businesses that had succeeded in developing eco-friendly core materials and components related to air pollution control and localizing key secondary battery materials that are highly dependent on imports. Since its founding in 1998, EcoPro Co., Ltd. The first-of-its-kind manufacturing facility, known as “Apex 1”, will produce enough lithium-ion battery precursor and sustainable CAM to equip up to 250,000 electric vehicles per year. The company recently announced plans to invest up to $1 billion to build a sustainable lithium-ion battery materials facility in Hopkinsville, Ky. The process can recover up to 98% of critical battery elements with lower carbon emissions compared to traditional cathode manufacturing methods. Inflation Reduction Act.Īscend Elements uses its innovative Hydro-to-Cathode™ direct precursor synthesis process to transform black mass into sustainable, high-performance precursor and CAM that rival or exceed the performance of cathode materials made with virgin metals. Additionally, cathode precursor made in the United States from recycled lithium-ion batteries is considered a domestic source of battery materials under the U.S. ![]() ![]() Partnering with Ascend Elements, beginning in 2023, for pre-treatment of upstream materials in North America is a step closer to achieving our goals,” said Sangwook Park, Strategic Planning VP of EcoPro.īy using recycled battery materials instead of newly mined materials, battery manufacturers can significantly reduce the climate impact of EV battery manufacturing. By closing the loop to reuse the materials for new cathode active materials production is the key component for a greener future. “Creating a circular economy by recycling the materials from scrap batteries is extremely important in our quest for sustainability. We’re not only recycling this scrap material and keeping it out landfills, we’re elevating the value of the material by engineering it to meet EcoPro’s precise specifications.” “Currently, battery manufacturing scrap is the largest source of lithium-ion battery materials available for recycling. “This is one of the first North American examples of a truly circular battery economy,” said Michael O’Kronley, CEO of Ascend Elements. With this agreement, Ascend Elements will supply recycled battery materials to EcoPro, which will convert the material into battery-ready, high-performance CAM for its battery manufacturing clients.Īscend Elements will provide recycled battery materials to EcoPro Group, creating a closed-loop EV battery supply chain in the United States. Beyond EV battery recycling, Ascend Elements also transforms recycled batteries and manufacturing scrap into new, sustainable cathode precursor. WESTBOROUGH, Mass., (October 12, 2022) - Ascend Elements, a Massachusetts-based battery recycling and engineered materials company, and EcoPro Group, a leading South Korean battery materials company, today announced a memorandum of understanding (MOU) agreement to cooperate in the development, qualification, and integration of recycled battery materials into EcoPro’s cathode products.ĮcoPro is a cathode active material (CAM) supplier to some of the largest EV battery manufacturers in North America while Ascend Elements recycles EV batteries and battery manufacturing scrap from many sources, including the SK Battery America (SKBA) facility in Commerce, Ga. ![]() Agreement paves way for a sustainable, closed-loop supply of domestic lithium-ion battery materials in the United States
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