YoungPoong Corp., a South Korean nonferrous metal smelter, said it has signed a preliminary agreement with a U.S. solid-state battery maker to develop battery recycling technology, including the technology to recycle solid-state batteries.
YoungPoong signed the memorandum of understanding with Factorial Energy Inc. to recycle lithium-metal solid-state batteries by extracting critical raw materials, such as lithium, nickel and cobalt -- key components of lithium-ion batteries, the company said in a release published Tuesday.
Solid-state batteries are considered a game changer as they use a solid electrolyte instead of the liquid or gel electrolytes in lithium-ion batteries. That lowers the risk of fire and offers a higher energy density than lithium-ion cells, providing a longer range and quicker recharging.
Factorial will supply YoungPoong end-of-life batteries and excess materials from its pilot manufacturing facility. YoungPoong will develop a process to recycle these battery scraps to extract key battery materials, including lithium carbonate, nickel sulfate and cobalt sulfate, according to the company.
YoungPoong has developed a battery recycling technology that recovers lithium through a pyrometallurgical process capable of 90 percent lithium extraction and more than 95 percent for nickel, cobalt and copper.
Source: Yonhap News Agency