L&F Launches Spent Battery Recycling Business... "Aiming for Overseas Expansion by 2027"

Introduction of Process Automation in Phase 2 Expansion
"Compliance with Environmental Regulations such as IRA and CRMA"

L&F is entering the used battery recycling business. Through the used battery business, it plans to secure a battery virtuous cycle system and improve profitability by using recycled raw materials.

L&F announced on the 4th that it is entering the used battery recycling business through its subsidiary JH Chemical Industry.

L&F stated, "While preparing for the growing used battery market, we expect to meet eco-friendly regulations such as the U.S. Inflation Reduction Act (IRA) and the European Critical Raw Materials Act (CRMA)."

First, JH Chemical Industry will start the used battery business by utilizing by-products generated during battery and battery material production as raw materials. In the second phase of expansion, it is planning to design the process automation for used battery disassembly and other processes. After stabilizing the used battery business by 2027, it also plans to expand overseas along with process automation.

JH Chemical Industry is entering the used battery business through pre-processing and plans to expand to post-processing in the future, playing a key role in establishing L&F's resource virtuous cycle system. It has secured pre-processing technology that guarantees fire safety, yield, and production volume, and claims to have optimized both the purity of black mass produced during the pre-processing and the process speed.

Lee Byung-hee, Chief Operating Officer (COO), said, "We have focused on securing superior recycling technology compared to other companies for several years, and with recent verification completed, we are entering a new business. We expect to complete the battery material value chain from used battery recycling to cathode materials and meet the conditions of IRA and CRMA."

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