LANCASTER, Ohio–(BUSINESS WIRE)–Retriev Applied sciences, a world chief in battery recycling and administration, is happy to announce their first quantity cargo of recovered battery supplies to Marubeni Company underneath the umbrella of their newly shaped Strategic Partnership. In February 2021, Marubeni Company (Marubeni) and Retriev Applied sciences Inc. (Retriev) introduced a Strategic Partnership for creating an modern enterprise mannequin for end-of-life Lithium-ion batteries. (EOL Lib). With this breakthrough recycling program, Retriev and Marubeni are working collectively to take useful metals recovered from EOL Lib to broaden the round enterprise mannequin for EV battery-to-battery closed loop recycling within the battery business.
Retriev V.P. Todd Coy stated of this program, “We’re very happy to see this strategic worldwide endeavor now underway and to be concerned within the creation of a sustainable round financial system for the reuse of battery uncooked supplies worldwide. We count on optimistic outcomes out of our collaboration with Marubeni, leaders in buying and selling essential uncooked supplies for the battery business. We’re assured that our progress will positively impression our means to safe secondary battery uncooked supplies crucial for a sustainable battery ecosystem. Our preliminary cargo to Japan this month contained 17 tons of fabric that might be used to validate cathode manufacturing for brand new batteries.”
Collectively, Marubeni and Retriev are centered on creating and refining the answer to recirculation of useful battery uncooked supplies again into new battery manufacturing, creating elevated sustainability within the battery provide chain to satisfy fast development and demand in EV markets. Marubeni and Retriev are presently in dialogue with cathode producers for secondary battery supplies.
About Retriev: Retriev has been recycling lithium ion batteries for over 25 years in Canada and is broadly thought to be the preeminent lithium battery recycler within the U.S. Retriev’s Ohio facility for the recycling of electrical car batteries was funded partially by the U.S. DOE underneath the Obama administration and has been in operation in Ohio since 2015.
About Marubeni: Marubeni Company enterprise models embody a various vary of actions that embody energy enterprise, vitality, metals & mineral sources. Moreover, the Marubeni Group provides a wide range of providers, makes inner and exterior investments, and is concerned in useful resource improvement all through all the above industries.