SK Innovation, SungEel HiTech to form JV for battery metal recycling

Circular Economy & Remanufacturing

The two companies plan to establish a domestic JV combining SK Innovation’s in-house developed lithium hydroxide recovery technology and SungEel HiTech’s NMC recovery technology by 2023

South Korean EV battery maker SK Innovation and material recycling company SungEel HiTech have signed a memorandum of understanding (MoU) to establish a joint venture focused on battery metal recycling operations, SK Innovation said on 13 December 2022.

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