Recycling start-up Battery Resourcers is investing $154m in a lithium-ion battery recycling facility in Covington, in the US state of Georgia.
The 14,300 sq.m facility is expected to be fully operational by August 2022 and will be North America’s largest battery recycling facility, according to the company. It will be able to process 30,000 metric tons of discarded lithium-ion batteries and scrap per year.
The battery recycling and materials company said that demand for electric vehicles (EVs) was increasing, and the US needs a sustainable battery recycling infrastructure, which the new facility is intended to support. The strong demand for EVs and the limited amount of lithium, cobalt, and nickel on earth will drive up raw material costs. This means that recycling materials will become essential if carmakers meet demand and make good on their ambitions for EV production to 2030 and beyond.
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