LG Energy Solution partnerships with Toyota Tsusho to establish a battery recycling joint venture
🎉 LG Energy Solution and Toyota Tsusho Corp. Team Up for a Green Future 🎉
It's full steam ahead for LG Energy Solution and Toyota Tsusho Corporation as they join forces to establish a cutting-edge battery recycling venture in the USA! The powerhouse duo is setting up shop in none other than Winston-Salem, North Carolina, ready to revolutionize the EV battery scene in 2026.
Welcome the birth of Green Metals Battery Innovations LLC, a joint venture that aims to build a recycling powerhouse right here in the USA 🌟
Green Metals Battery Innovations LLC won't be just any run-of-the-mill recycling center. Oh no, this superstar facility will be focusing on pre-processing scrap generated during the production of EV batteries 🔋 The innovators behind the project have their sights set on scrap initially supplied by LG Energy Solution from their manufacturing of EV batteries for Toyota Motor Corporation.
What's the big deal about this scrap? Well, it contains a material known as "black mass," a treasure trove of valuable raw metals like nickel, cobalt, and lithium. Once extracted through the facility's dismantling and shredding process, the black mass will undergo a post-processing stage to recover these precious metals. Think of it like an alchemist's dream, transforming scrap into pure gold (or rather, valuable EV battery materials)!
The renowned partnership is shooting for an annual processing capacity of approximately 13,500 tons of scrap, which equates to more than 40,000 EV batteries! This objective reinforces their goal of creating a "battery-to-battery" closed-loop recycling system, contributing to the promotion of a true circular economy for the battery supply chain.
With an eco-friendly mindset at the forefront, this joint venture plays a crucial role in addressing carbon emissions reduction, strengthening battery material recycling infrastructure in North America, and reinforcing supply chain resilience. Talk about major positive impact!
Executives from both companies are embracing the strategic significance of this joint venture. LG Energy Solution's Chief Strategy Officer (CSO), Chang Beom Kang, stresses the importance of securing a reliable supply of critical battery materials and boosting the North American competitiveness of their recycling business. In contrast, Chief Operating Officer (COO) of Toyota Tsusho, Masaharu Katayama, has praised the endeavor as a groundbreaking step towards realizing a sustainable future with advanced battery recycling infrastructure and a circular economy.
In summary, here's what you need to know about this groundbreaking joint venture:
- Joint venture name: Green Metals Battery Innovations LLC
- Location: Winston-Salem, North Carolina
- Operation start: Scheduled for 2026
- Process: Recycling of EV battery production scrap to extract black mass, followed by post-processing to recover metals
- Initial feedstock: Scrap from LG Energy Solution’s production of EV batteries for Toyota Motor
- Annual capacity: 13,500 tons of scrap (equivalent to over 40,000 EV batteries)
- Purpose: Creation of a closed-loop, eco-friendly recycling system and sustainable mobility
- Strategic goals: Strengthen North American recycling infrastructure, reduce carbon emissions, secure stable raw material supply, and enhance business competitiveness in battery recycling.
- This joint venture, Green Metals Battery Innovations LLC, will be located in Winston-Salem, North Carolina, and aims to revolutionize the EV battery industry through its focus on recycling scrap from EV battery production.
- The innovative project, scheduled to start operations in 2026, targets the extraction of valuable metals like nickel, cobalt, and lithium from a material known as "black mass," which is found in the scrap generated during EV battery production by LG Energy Solution for Toyota Motor Corporation.
- The overarching goals of Green Metals Battery Innovations LLC include strengthening North American recycling infrastructure, reducing carbon emissions, and achieving a sustainable future by creating a closed-loop, eco-friendly recycling system in the battery supply chain, thus contributing to the promotion of a circular economy in the technology and finance industries.
