<div>
  <ul>
    <li>
      <p>
        Li-Cycle, a Canadian lithium-ion battery manufacturer and recycler, has formed a joint venture (JV) with Eco Stor (European battery manufacturer and recycler) and Morrow Batteries (Norwegian battery manufacturer) to establish a recycling facility in southern Norway.&nbsp;
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The new facility will have the capacity to process up to 10,000 tonnes of lithium-ion batteries per annum and will be Li-Cycle&rsquo;s first battery recycling plant outside North America. The facility is expected to be operational in Q1 2023 and will bring Li-Cycle&rsquo;s total expected global recycling capacity to 40,000 tonnes per year.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        As per the terms of the deal, Li-Cycle will become the majority shareholder of the JV, with Eco Stor and Morrow being minor stakeholders. Li-Cycle will also become the exclusive technology provider for the facility, while Eco Stor and Morrow Batteries will provide end-of-life batteries and battery scrap, respectively.&nbsp;
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The site for the facility is yet to be finalized and the construction is subject to Norwegian regulatory approvals under the guidance of Koch Engineered Solutions (KES), the equipment manufacturer for industrial facilities.&nbsp;
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Li-Cycle enters the European market with this JV. The collaboration is expected to increase the level of lithium-ion battery recycling in Europe in the long term.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        To date, Li-Cycle has been focusing on strengthening its presence in North America, operating one facility in Canada, one in New York, and building its third and fourth recycling plants in Arizona and Tuscaloosa.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20220126005345/en/Li-Cycle-Strategic-Partners-to-Build-New-Lithium-ion-Battery-Recycling-Facility-in-Norway">
      Press Release
    </a>
  </p>
  <p>
    <a href="https://www.spglobal.com/platts/en/market-insights/latest-news/energy-transition/012622-li-cycle-enters-joint-venture-to-build-battery-recycling-plant-in-norway">
      S &amp; P Global
    </a>
  </p>
</div>


Waste Recovery & Management Tech

Li-Cycle to build recycling facility in Norway via JV with Eco Stor and Morrow Batteries

<div>
 <p>ExPost Technology, a startup specializing in recycling lithium-ion batteries, has obtained a grant worth USD 8 million from the Resurgence program of the US Department of Energy. The funding will be used to further the company's development of a sophisticated machinery system known as PRIME, designed for pre-processing electronics and batteries. The funds will also help the company in expanding their team and collaborating with several firms to ensure the installation of the system at various recycling centers.</p>

 <p>PRIME, or Purification-Regeneration Integrated Materials Engineering, is a patent-pending process that utilizes water. The firm asserts that this process is wholly non-toxic and doesn't employ corrosive chemicals. In contrast to conventional procedures that decompose the battery into its rudimentary materials, PRIME functions by dismantling the batteries and rejuvenating certain components such as cathodes, anodes, and electrolytes.</p>
</div>

ExPost Technology raises USD 8 million in grant funding to advance its battery recycling technology

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 <p>The global materials technology and recycling group, Umicore, has raised EUR 499 million or roughly USD 531.5 million through a fixed-rate, sustainability-linked issuance of US private placement notes. The funding came from 17 institutional investors from Europe and North America.</p>
 <p>The company has earmarked the proceeds from this issuance for refinancing and other corporate purposes, which are expected to be used in July 2024. Also, Umicore plans to utilize these funds to support its 2030 RISE strategy, incorporating several initiatives specifically focused on environmental, social, and governance goals. </p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> In February 2024, the company raised ~USD 372.9 million via a loan from the European Investment Bank to support its work to develop rechargeable battery material technologies for electric vehicles (EVs) and the recycling of EV batteries in Europe.</p>

Umicore raises EUR 499 million in privately placed debt funding to support operations

PROMINENT_CATEGORY

<div>
 <p>Spinnova, a Finnish sustainable textile fiber producer, has formed a partnership with international fashion retailer Jack &amp; Jones to create a t-shirt derived from wood-based Spinnova fiber, organic cotton, and elastane.</p>
 <p>30% Spinnova fiber is incorporated in Jack &amp; Jones's new t-shirt, marking this as the second product born from the company's collaboration with Spinnova. These Spinnova-based products are set to be available in physical stores and online starting from April 2024.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Spinnova’s first collaboration with Jack &amp; Jones in October 2022 was to launch a pair of trousers made from Spinnova fiber and cotton. The news is a welcome development in light of the company undertaking a <a href="https:<br>
//sp-edge.com/updates/27654"> strategic review </a> following a decline in sales in 2023.</p>

Spinnova partners with Jack & Jones to launch t-shirt made from Spinnova fiber

<div>
 <p>Altilium Metals, a UK Clean Tech startup, is partnering with Australian company, Talga Group, to recycle used electric vehicle batteries. They aim to extract materials for use in new batteries. The specifics of their initiative revolve around recovering and reusing graphite from these spent batteries. This provides a new source for UK's graphite and aids in stabilizing the supply of vital battery metals and minerals.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Altilum, which aims to become the UK’s largest EV battery recycler following the opening of its facility in Teeside, has been partnering with a number of companies to strengthen its recycling capabilities. Notable operational partnerships include <a href="https:<br>
//sp-edge.com/updates/27312"> Nissan </a> , <a href="https:<br>
//sp-edge.com/updates/22441"> ABB </a> , and <a href="https:<br>
//sp-edge.com/updates/24862"> UCN Chile </a> . This latest partnership enables Altilium to recycle all battery elements and achieve full battery circularity.</p>

Altilium Metals partners with Talga Group to recycle EV battery graphite

<div>
 <p>LyondellBasell (LYB), a worldwide chemical refining business, has collaborated with China's Genox Recycling, a solid waste processing firm, to initiate a plastic recycling joint operation in Guangdong, China. The joint venture is named Guangdong Genox LyondellBasell New Material Co., Ltd.</p>
 <p>This venture will employ mechanical recycling techniques to repurpose plastic waste into new polymers, contributing to LYB's "CirculenRecover" product collection. The collaboration seeks to enhance local recycling systems in China and satisfy consumer demands.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The venture marks a strategic expansion to strengthen LYB’s circular polymer offering in China while consolidating its relationship with Genox. The company’s other partnerships and ventures across North America and Europe include <a href="https:<br>
//sp-edge.com/updates/16465"> Nexus Circular </a> , <a href="https:<br>
//sp-edge.com/updates/19492"> AFA Nord </a> , and <a href="https:<br>
//sp-edge.com/updates/23141"> Cyclyx </a> .</p>

LyondellBasell and Genox Recycling launch joint venture to recycle plastic waste in China

<div>
 <p>Volvo Cars has partnered with Contemporary Amperex Technology Co Ltd (CATL) to establish a sustainable battery recycling method for electric cars.</p>
 <p>This partnership will involve Volvo collecting used batteries from its vehicles and recycling more than 90% of the metal components. These materials will then be used by CATL in the creation of new batteries for Volvo vehicles. This initiative is also part of Volvo's sustainability targets, which include achieving zero greenhouse gas emissions by 2040.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The partnership is a notable step toward establishing a circular solution for end-of-life EV batteries in China. Volvo will also be able to strengthen inroads into the Chinese market through its parent, Geely, as China becomes one of the largest markets for EVs and a leading market for EV batteries in need of circular solutions.</p>

Volvo and CATL partner to recycle battery materials in EVs

<div>
 <p>Amphistar, a bioengineering startup based in Belgium, has successfully raised EUR 6 million in venture funding. The funding round was participated by the European Circular Bioeconomy Fund (ECBF), Qbic III, and Flanders Future Tech Fund (FFTF).</p>
 <p>The raised finances will be used by the company to foster collaborative partnerships with external entities. The aim of these collaborations is to accelerate the development and production of AmphiStar's biosurfactants.</p>
 <p>The company is striving to minimise reliance on surfactants that are derived from fossil and palm oil feedstocks. Instead, it is using waste from the local agri-food industry and discarded food from supermarkets to manufacture microbial biosurfactants. The process they use is similar to the brewing of beer.</p>
 
</div>

Amphistar raises EUR 6 million in venture funding to expand collaborations

<div>
 <p>UK clean tech startup, Altilium Metals, is partnering with Australian company, Talga Group, which specialises in the development of green graphite battery anode products. Their joint venture will involve the recycling of used electric vehicle batteries and the extraction of materials for creating new ones.</p>
 <p>Their plan includes recovering and reusing graphite from depleted EV batteries. This process will help diversify the UK's graphite sources and contribute to a stable supply of significant battery metals and minerals.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Altilum, which aims to become the UK’s largest EV battery recycler following the opening of its facility in Teeside has been partnering with a number of companies to strengthen its recycling capabilities. Notable operational partnerships include <a href="https:<br>
//sp-edge.com/updates/27312"> Nissan </a> , <a href="https:<br>
//sp-edge.com/updates/22441"> ABB </a> , and <a href="https:<br>
//sp-edge.com/updates/24862"> UCN Chile </a> . This latest partnership enables Altilium to recycle all battery elements and achieve full battery circularity.</p>

<div>
 <p>The Technical Research Centre of Finland (VTT) and Centre for European Policy Studies (CEPS) have initiated the PESCO-UP project. This project concentrates on the recycling and reuse of mixed polyester/cotton waste.</p>
 <p>The objectives of PESCO-UP include the creation of a digital marketplace for exchange of information, formulation of recycling norms, and development of inventive processes including digitalized material identification and sophisticated sorting techniques. Over a span of four years, the project aims to achieve up to 90% material processing efficiency.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The initiative aligns with the EU’s revised Waste Framework Directive that mandates EU countries to offer separate collections of textiles for reuse, preparing for reuse, and recycling beginning January 1, 2025.</p>

VTT and CEPS partner to launch PESCO-UP project to develop textile recycling solutions

<div>
 <p>Solarcycle, a tech-centric solar recycling firm, has joined forces with Sol Systems, a company specializing in renewable energy finance and investment. Their joint mission is to create a circular solution for the panels used in Sol Systems' solar energy projects.</p>
 <p>With the help of Solarcycle’s technology, the partnership reveals successful recycling of panels from a damaged community solar array. The technology enabled up to 95% recycling of the panels' valuable material, which was consequently reintroduced into the supply chain.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This latest partnership adds to a growing list of solar panel recycling collaborations Solarcyle is involved in to consolidate a domestic supply chain for the solar energy industry while building economies of scale. Recent North American partnerships include <a href="https:<br>
//sp-edge.com/updates/26565"> Qcells </a> , <a href="https:<br>
//sp-edge.com/updates/23373"> EDF Renewables </a> , <a href="https:<br>
//sp-edge.com/updates/21752"> Greenbacker </a> , <a href="https:<br>
//sp-edge.com/updates/19154"> Orsted </a> , and <a href="https:<br>
//sp-edge.com/updates/18598"> AES Corporation </a> .</p>

All Updates

ExPost Technology raises USD 8 million in grant funding to advance its battery recycling technology

Umicore raises EUR 499 million in privately placed debt funding to support operations

Spinnova partners with Jack & Jones to launch t-shirt made from Spinnova fiber

Altilium Metals partners with Talga Group to recycle EV battery graphite

LyondellBasell and Genox Recycling launch joint venture to recycle plastic waste in China

Volvo and CATL partner to recycle battery materials in EVs

Amphistar raises EUR 6 million in venture funding to expand collaborations

Altilium Metals partners with Talga Group to recycle EV battery graphite

VTT and CEPS partner to launch PESCO-UP project to develop textile recycling solutions

Solarcycle partners with Sol Systems to sustainably recycle solar panels