The agreement with American Honda Motor Co. covers the dismantling and recycling of used lithium-ion batteries from the electric vehicles of the US automaker United
WORCESTER, Mass., June 28, 2021 / PRNewswire / – Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, today announced an agreement with American Honda Motor Co. to recycle batteries from Honda & Acura Electric Vehicles (EV) .
The safe and inexpensive recycling of used lithium-ion batteries is a major challenge for automakers and battery manufacturers, especially as millions of electric vehicles are set to hit the streets in the coming years and new regulations mandate the recycling of old batteries and the use of recycled metals in new batteries . Going forward, Battery Resourcers and Honda will also work together to improve recyclability and bring recycled material back into Honda’s materials supply chain.
“We are proud to partner with sustainable companies like Honda to revolutionize the lithium-ion supply chain and build a more sustainable future,” said the CEO of Battery Resourcers Mike O’Kronley. “Our innovative, closed recycling process takes environmental and regulatory issues into account and at the same time unlocks the hidden value of used lithium-ion batteries. This enables us to offer safe, convenient and environmentally friendly recycling solutions at an affordable price. “
Founded in 2015 as a spinout from the laboratory of Prof. Yan Wang at the Worcester Polytechnic Institute, Battery Resourcers recently completed a $ 20 million Series B equity round with funding led by Orbia Ventures, the venture capital arm of multinational Orbias, and other investors including At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures and Jaguar Land Rovers In-Motion Ventures.
In contrast to other battery recycling companies, Battery Resourcers offers a fundamentally new approach to the production of lithium-ion batteries, starting with a mixed stream of used lithium-ion batteries and ending with the production of finished, battery-ready cathode active materials. With a metal recovery of 97%, Battery Resourcers currently produces active cathode materials based on nickel-manganese-cobalt (NMC).
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Honda’s batteries will initially be shipped from the company’s recently expanded facility in. processed Worcester, Mass. and later in a new commercial facility that will be operational in spring 2022. The new location will be able to process more than 20 million pounds of batteries.
The company is also developing a novel graphite recovery and purification process that will enable it to return both the cathode and anode active materials to manufacturers of new batteries.
ABOUT BATTERY RESOURCES
Based in Worcester, Mass., Battery Resourcers operates the world’s most efficient recycling process for lithium-ion batteries. As a vertically integrated recycling, refining and materials technology company, Battery Resourcers converts old batteries and production waste directly into new, battery-compatible cathode active material with significant savings in costs, emissions and energy consumption. Founded in 2015 with a mission to put 100% of battery-active materials back into new batteries, the company today makes finished, EV-grade cathode-active materials that perform as well as industry-leading brands.
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SOURCE battery resources