Reports related to this article:
Project(s): View 8 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
Released June 06, 2024 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--As the demand for lithium-ion batteries continues to grow, buoyed by the production of electric vehicles (EV), the battery-recycling sector is seeing investments as part of a circular battery supply chain. Industrial Info is tracking more than $5 billion worth of capital-spending lithium-ion battery recycling projects in the U.S. and Canada.
An April report from the International Energy Agency (IEA) (Paris, France) titled Global EV Outlook 2024 pointed to battery recycling's impact on the future development of EVs: "As the EV stock ages, effective end-of-life strategies that encompass recycling and reuse must be put in place to make supply chains circular and to help mitigate critical mineral demand. The battery-recycling sector, still nascent in 2023, will be core to the future of EV supply chains, and to maximizing the environmental benefits of batteries."
For more information on the IEA report, which notes the U.S. accounted for 10% of global EV purchases in 2023, see April 23, 2024, article - IEA Projects Another Record Year of Global Electric Vehicle Sales.
More than 70% of the total investment value of lithium-ion battery recycling projects in the U.S. and Canada is attributed to Redwood Materials Incorporated (Carson City, Nevada), to support the development of two circular battery-recycling and material-production campuses.
One project is the planned expansion of Redwood's lithium-ion battery materials campus in Carson City, Nevada, where the company aims to more than triple the size of its operations. Once complete, the expanded facility would recycle batteries to produce 100 gigawatt-hours (GWh) worth of battery-grade copper foil (35,000 metric tons per year) and 100,000 metric tons per year of cathode active materials (CAM), using new and recycled feedstocks. Industrial Info is tracking the project with a medium probability (70-99%) of kicking off construction in October.
Earlier this year, the U.S. Department of Energy's (DOE) Loan Programs Office (LPO) announced a conditional loan commitment of $2 billion for the project. Subscribers to Industrial lnfo's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here to read the detailed project report.
Redwood also is building a similar battery recycling-plus-materials campus in Ridgeville, South Carolina, which is designed to recycle metals from lithium-ion batteries to produce CAM and copper foil. Subscribers can read more information on construction of the recycling and materials facilities.
Redwood aims for the Nevada and South Carolina operations to supply materials for up to 1 million vehicles annually by 2025, when the Ridgeville plant is expected to be completed, and for up to 5 million vehicles per year by 2030.
Last month, the company said it is receiving production scrap for recycling from two facilities attributed to Ultium Cells LLC (Lordstown, Ohio)--a joint venture of General Motors Company (NYSE:GM) (GM) (Detroit, Michigan) and LG Chem (Seoul, South Korea).
Among the other U.S. lithium ion-battery recycling projects are two efforts underway from Cirba Solutions (Charlotte, North Carolina), including the construction of a grassroot plant in Columbia, South Carolina. The 400,000-square-foot recycling-and-processing plant will recover material to power more than 500,000 EVs per year, while an expansion of its battery recycling facility in Lancaster, Ohio, is designed to boost capacity to process material for more than 200,000 EVs per year. Jacobs Solutions Incorporated (NYSE:J) (Dallas, Texas) is providing engineering, procurement and construction (EPC) services for the projects, both of which are expected to wrap up next year. Subscribers can learn more by viewing the South Carolina and Ohio project reports.
Among the projects in Canada is Stelco Incorporated (Hamilton, Canada) and partner Primobius GmbH's (Hilchenbach, Germany) lithium-ion battery recycling demonstration plant in Nanticoke, Ontario, at the site of an existing Stelco steel mill, which is expected to wrap up later this month. This will lead to the construction of a commercial-scale, US$160 million battery recycling plant, which is expected to be operational in early 2025. Subscribers can read more information on the demonstration and commercial-scale projects.
This week, Lithion Technologies (Quebec, Canada) said it is in the process of commissioning its grassroot recycling plant in St-Bruno-de-Montarville, near Montreal, which is a partnership between Lithion and General Motors. GM invested in the project earlier this year to utilize Lithion's recovered battery materials to produce new batteries. Click here for the project report.
Subscribers to the Industrial Manufacturing GMI Database can click here for the reports on all of the projects discussed in this article and here for the plant profiles.
Click here for a full list of lithium-ion battery recycling projects in the U.S. and Canada.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
An April report from the International Energy Agency (IEA) (Paris, France) titled Global EV Outlook 2024 pointed to battery recycling's impact on the future development of EVs: "As the EV stock ages, effective end-of-life strategies that encompass recycling and reuse must be put in place to make supply chains circular and to help mitigate critical mineral demand. The battery-recycling sector, still nascent in 2023, will be core to the future of EV supply chains, and to maximizing the environmental benefits of batteries."
For more information on the IEA report, which notes the U.S. accounted for 10% of global EV purchases in 2023, see April 23, 2024, article - IEA Projects Another Record Year of Global Electric Vehicle Sales.
More than 70% of the total investment value of lithium-ion battery recycling projects in the U.S. and Canada is attributed to Redwood Materials Incorporated (Carson City, Nevada), to support the development of two circular battery-recycling and material-production campuses.
One project is the planned expansion of Redwood's lithium-ion battery materials campus in Carson City, Nevada, where the company aims to more than triple the size of its operations. Once complete, the expanded facility would recycle batteries to produce 100 gigawatt-hours (GWh) worth of battery-grade copper foil (35,000 metric tons per year) and 100,000 metric tons per year of cathode active materials (CAM), using new and recycled feedstocks. Industrial Info is tracking the project with a medium probability (70-99%) of kicking off construction in October.
Earlier this year, the U.S. Department of Energy's (DOE) Loan Programs Office (LPO) announced a conditional loan commitment of $2 billion for the project. Subscribers to Industrial lnfo's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here to read the detailed project report.
Redwood also is building a similar battery recycling-plus-materials campus in Ridgeville, South Carolina, which is designed to recycle metals from lithium-ion batteries to produce CAM and copper foil. Subscribers can read more information on construction of the recycling and materials facilities.
Redwood aims for the Nevada and South Carolina operations to supply materials for up to 1 million vehicles annually by 2025, when the Ridgeville plant is expected to be completed, and for up to 5 million vehicles per year by 2030.
Last month, the company said it is receiving production scrap for recycling from two facilities attributed to Ultium Cells LLC (Lordstown, Ohio)--a joint venture of General Motors Company (NYSE:GM) (GM) (Detroit, Michigan) and LG Chem (Seoul, South Korea).
Among the other U.S. lithium ion-battery recycling projects are two efforts underway from Cirba Solutions (Charlotte, North Carolina), including the construction of a grassroot plant in Columbia, South Carolina. The 400,000-square-foot recycling-and-processing plant will recover material to power more than 500,000 EVs per year, while an expansion of its battery recycling facility in Lancaster, Ohio, is designed to boost capacity to process material for more than 200,000 EVs per year. Jacobs Solutions Incorporated (NYSE:J) (Dallas, Texas) is providing engineering, procurement and construction (EPC) services for the projects, both of which are expected to wrap up next year. Subscribers can learn more by viewing the South Carolina and Ohio project reports.
Among the projects in Canada is Stelco Incorporated (Hamilton, Canada) and partner Primobius GmbH's (Hilchenbach, Germany) lithium-ion battery recycling demonstration plant in Nanticoke, Ontario, at the site of an existing Stelco steel mill, which is expected to wrap up later this month. This will lead to the construction of a commercial-scale, US$160 million battery recycling plant, which is expected to be operational in early 2025. Subscribers can read more information on the demonstration and commercial-scale projects.
This week, Lithion Technologies (Quebec, Canada) said it is in the process of commissioning its grassroot recycling plant in St-Bruno-de-Montarville, near Montreal, which is a partnership between Lithion and General Motors. GM invested in the project earlier this year to utilize Lithion's recovered battery materials to produce new batteries. Click here for the project report.
Subscribers to the Industrial Manufacturing GMI Database can click here for the reports on all of the projects discussed in this article and here for the plant profiles.
Click here for a full list of lithium-ion battery recycling projects in the U.S. and Canada.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
