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A recycling facility will be built in Kentucky to shred electric vehicle batteries in a $65 million venture between American and South Korean companies
Ascend Elements announced this week that it will be partnering with SK ecoplant to build a $65 million lithium-ion battery recycling facility in Hopkinsville, creating approximately 60 new jobs.
US-based lithium-ion battery recycling company Ascend Elements has signed a joint venture agreement (JVA) with SK ecoplant and its subsidiary e-waste recycling business TES.
U.S.-based Ascend Elements is partnering with South Korea-based SK ecoplant and its e-waste recycling subsidiary, TES, to build a $65 million lithium-ion battery recycling facility in Hopkinsville, Ky. The 100,000-square-foot EV battery recycling facility will disassemble and shred approximately 24,000 metric tons of used EV batteries and gigafactory scrap per year – or approximately 56,000 EV batteries per year. Construction is scheduled to begin in November 2023 with completion in January 2025
South Korea's SK ecoplant said Tuesday that it has signed an agreement with Ascend Elements of the U.S. to start a joint venture operation recycling waste batteries.