[Special Stock] Yulho Expects Largest High-Quality Black Mass Production This Year... Lithium, Cobalt, Nickel Extraction

Yulho is gaining momentum. Since approving the amendment to the articles of incorporation to establish the 'secondary battery-related waste battery raw material processing, treatment, and intermediate recycling business' at the regular shareholders' meeting in March this year, expectations for the secondary battery recycling business sector have been growing. Yulho has set a plan to build the largest high-quality black mass production facility in Korea within this year.

At 10:36 AM on the 20th, Yulho is trading at 3,580 KRW, up 4.68% from the previous day.

Earlier, in January, Yulho acquired EcoLand, a waste collection, transportation, and intermediate treatment company, as a 100% subsidiary. They have planned to achieve results in the new business based on plant process technology and the largest production facilities. Companies such as Sungil Hightech and IS Dongseo are continuing preparations to compete with waste battery recycling companies.

Yulho’s subsidiary, Yulho Materials, plans to establish a black mass production facility with a daily capacity of 30 tons in Hwaseong, Gyeonggi Province, by the fourth quarter of this year. The production facility, capable of producing 8,000 tons of black mass annually based on 8 hours of operation per day, will be the largest scale in Korea.

Yulho Materials will introduce advanced production facility technology that minimizes dust while keeping toxic gas emissions close to zero. The existing process had environmental issues due to toxic gas emissions during impurity removal. They will also implement response management technology to reduce fire and explosion risks in preprocessing steps such as crushing. This is expected to increase the operation rate of the production facility. Productivity maximization is anticipated to be three to five times higher compared to other companies’ processes. Black mass is a black powder produced by crushing end-of-life waste batteries, and metals such as lithium, cobalt, and nickel extracted from it have the same physical and chemical properties as natural metals mined from ore.

Yulho plans to add a special process to remove electrolyte to eliminate explosion or fire risks that may occur during waste battery crushing in the facility. They expect to produce high-purity black mass by removing impurities such as separators and binders inside the battery.

This content was produced with the assistance of AI translation services.