Poland’s Ministry of Financial Improvement and Expertise has supplied Ascend Components as much as 1.22 billion Polish z?oty ($320 million US) to assist building of a precursor cathode lively materials (pCAM) manufacturing facility within the nation.
pCAM is a high-value, exactly engineered materials used within the manufacture of lithium-ion batteries. Ascend Components plans to commercialize its expertise for making nickel, manganese, and cobalt (NMC) pCAM from recycled battery supplies.
The corporate says its Hydro-to-Cathode direct pCAM synthesis expertise produces new NMC pCAM materials from spent lithium-ion cells extra effectively than conventional strategies. And a just lately printed life cycle evaluation discovered the method to be considerably cleaner than conventional battery recycling strategies.
In 2024, Ascend Components and Elemental Strategic Metals established a three way partnership to personal and function a battery recycling facility in Zawiercie, Poland. Ascend says it has already recognized a location for the brand new pCAM facility, which might be solely owned and operated by Ascend Components.
Ascend Components already owns and operates a battery recycling facility in Covington, Georgia, and it’s constructing a Hydro-to-Cathode pCAM manufacturing plant in Hopkinsville, Kentucky,.
“We’re dedicated to constructing a sustainable battery supplies provide chain on either side of the Atlantic,” stated CEO Linh Austin. “This supply of assist from the Polish authorities marks a major step ahead in Ascend Components’ European development technique.”
“We’re deeply grateful for the assist of the Polish authorities and thrilled to develop our presence in Europe “This venture marks a vital step in reworking Europe’s battery supplies panorama,” stated Tomasz Poznar, Senior VP of Industrial at Ascend. “By bringing our superior Hydro-to-Cathode expertise to Poland, we purpose to assist bridge the rising hole in cathode precursor provide and contribute to the EU’s net-zero targets by constructing a sustainable round battery supplies provide chain within the area.”
Supply: Ascend Components
