“Taiwan Unleashed: US$25 Million RecycLiCo-Zenith Battery Recycling Joint Venture

Recyclico Battery Materials and Zenith Chemical Announce US$25 Million Lithium Ion Battery Recycling Joint Venture in Taiwan Recyclico Battery Materials and Zenith Chemical Corporation have announced a US$25 million joint venture for the recycling of lithium ion batteries. The venture, located in Taiwan, will start operations in the second half of 2021 and will focus on the development of an advanced facility for recycling and repurposing lithium ion batteries. The facility will be ISO 9001 and ISO 14001 standards-certified and will use a recycling system that is based on material recovery, reuse, and remanufacturing technology. This joint venture is a step towards building a circular economy for lithium-ion batteries by launching a comprehensive recycling programme. According to Recyclico, this will reduce the amount of lithium-ion battery waste that is deposited into landfills by up to 98%. In addition, the company plans to launch the concept for recycling and remanufacturing of lithium-ion batteries on a global scale. The venture will also develop new technologies that will enable the recycling of electric vehicles and electronic products more efficiently and sustainably. These technologies will improve the collection and return of battery packs from end-user consumers to the recycling facility, as well as the sorting and safe disposal of the recycled materials. Finally, the company intends to promote the reuse of recycled materials in the form of new high-performance battery cells. Frank Pan, Chairman of Recyclico, said that the joint venture brings together the experience of both companies in the scientific research and recycling of lithium-ion batteries. This will result in the advancement of green technologies and energy security, and ultimately benefit the whole electronics industry. The creation of the recycling centre will not only bring cost savings but also generate a significant decrease in environmental impact. This venture can potentially be a game-changer in the global battery recycling market. With the rise of the electric vehicle market and other electronic product industries, the recycling and reuse of lithium-ion batteries is becoming increasingly necessary. By launching a comprehensive recycling programme, both Recyclico and Zenith are setting an example for other companies to follow.