Cirba Solutions and EcoPro Innovating the Closed-Loop Circular Battery Economy.
Cirba Solutions, the premiere battery recycling and battery materials company, is collaborating with EcoPro Co Ltd (“EcoPro”), a global leader in lithium-ion battery cathode materials, under a signed Memorandum of Understanding (“MOU”) to enhance innovative elements of the lithium-ion battery recycling business.
With the growing demand for critical battery materials, strategic alliances play a crucial role as the circular battery supply chain continues to develop around the world. The Inflation Reduction Act is a landmark law aimed at focusing resources on domestic energy production and promoting development of clean energy in the United States. Its enactment is a catalyst for alliances across the lithium-ion battery value chain.
Hoirim Jung, Business Strategy Office Leader, Managing Director at EcoPro, said:
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We are happy to reach this agreement with Cirba Solutions. Their experience in the market for premium recycled materials supports our growth into a closed-loop battery materials supply chain in North America.
This strategic alliance brings together key leaders in the market focused on a circular battery supply chain. EcoPro will leverage Cirba Solutions recycled materials to produce precursor cathode active material (PCAM) and cathode active material (CAM). PCAM and CAM production is critical to support the growing demand for electric vehicle batteries and requires increased use of recycled content. Cirba Solutions’ expansive logistics and collection networks, along with a diversified processing footprint, also are key aspects of this alliance.
Jay Wago, Chief Commercial Officer at Cirba Solutions, said:
Recycling is a vital component in the value chain and necessary for creating a robust and circular economy for electric vehicle batteries.Â
“Working with a world-renowned team like EcoPro supports the expansion of an interconnected battery supply chain.”Â
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Cirba Solutions and EcoPro Innovating the Closed-Loop Circular Battery Economy. source
