RecycLiCo Taiwan Battery Recycling Joint Venture Commences Production and Sales of Black Powder

Core Insights - RecycLiCo Battery Materials Inc. has established a joint venture with Zenith Chemical, which has completed a Stage 1 shredding facility in Taiwan for processing off-spec battery materials and has begun selling the resulting black powder [1][2] - The construction of a Stage 2 recycling plant is planned to start later this year, which will process both black powder and black mass from end-of-life batteries, with commissioning expected in 2025 [2][3] - The company aims to transition from a venture stage to a revenue-generating global industrial enterprise, with the Board of Directors planning additional steps to support this transition [3] Company Overview - RecycLiCo specializes in sustainable lithium-ion battery recycling and materials production, utilizing advanced technologies to recover battery-grade materials with up to 99% extraction efficiency of lithium, cobalt, nickel, and manganese [3] - The patented closed-loop hydrometallurgical process converts lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for new battery manufacturing [3][7] Joint Venture Details - The joint venture with Zenith Chemical focuses on advanced battery recycling technology capable of producing high-value products, including battery-grade lithium chemicals and precursor cathode active material (pCAM) [7] - Zenith Chemical is recognized for its production of nickel-based chemicals, particularly high-purity nickel sulfate for lithium-ion batteries, and has established partnerships with major players in the industry [8]