Recently, South Korea ’s Puxi Railway Holdings Company stated that GS Energy and Poham Railway Society PoSco GS ECOMATERIALS were held in the Dado Dongpu Skill Building in Seoul City. Pu Xiang Railway Holdings and GS Energy jointly invested 170 billion won to joint ventures and received 51%and 49%of the shares.
The joint venture plans to use recycling waste batteries to extract secondary battery raw materials, and the company is expected to be established within the year.
It is reported that since September last year, the two companies have been discussing new business cooperation plans including secondary batteries. The joint venture Posco GS ECOMATERIALS not only enters the secondary battery recycling business, but also plans to enter the second battery diagnosis, evaluation, and then use the BAAS (Battery as a Service battery rental service) business.
The recycling battery is the core of the secondary battery material business of Puxai Railway Group. Since entering the second battery market in 2010, Pu Xiang Railway has been working hard to build a stable secondary battery material value chain. It is planned to produce 300,000 by 2030 Tons of lithium, 220,000 tons nickel, 610,000 tons of cathode and 320,000 tons of anode materials. The company hopes to achieve 41 trillion won sales through this business.
In March of this year, the Polish Branch was established in response to the environmental protection recycling appeal of governments and global customers with increasing waste batteries. SUNGEEL HITECH is a local company with exclusive technologies with recycling waste batteries. The company stated that it will cooperate with the new battery recycling plant of Puxu Xiang Railway.
In August, South Korean steel manufacturer Pu Xiang Railway said that the company has completed the construction of a secondary battery recycling plant in Poland, and the factory will become a base for Pu Xiang iron to expand its environmental protection business to global.
Recently, Puxiang Holdings released a news that the company's battery recycling plant in Poland's Battle was completed and put into operation. The recycling plant recycled waste batteries through the Poland Legnica Source Center (PLSC), and then produced waste batteries into black powder containing nickel, lithium, cobalt and manganese. Xiang Huayou Cycle Regenerate Korean companies' factories to extract elements such as nickel, lithium, cobalt and manganese from black powder.
It is worth noting that Pu Xiang Railway has previously signed an agreement with LG Energy Solution Co., Ltd. to collect 10,000 tons of waste batteries from the Polish factory of LG Energy Solution Co., Ltd. each year. factory. At the same time, the Puxiang Railway Plan cooperates with the Korean battery recycling company SUNGEEL HITECH to jointly operate its newly built battery recycling factories in Poland.
