Ecopro CNG Signs Black Mass Supply Contract with Japanese Used Battery Company

First Supply Contract with Overseas Company

Ecopro CNG has signed a mid- to long-term supply contract for black mass (recycled mineral powder) with a Japanese battery recycling company.

On the 31st, Ecopro CNG announced that it recently signed a black mass supply contract and a mid- to long-term cooperation memorandum of understanding (MOU) with Metal Do, a battery recycling company located in Osaka, Japan. This is the first time Ecopro CNG has signed a black mass supply contract with an overseas company.

Park Seokhoe, CEO of Ecopro CNG (left), and Toshihiko Yamatsura, President of Metal Do, are signing a mid- to long-term cooperation agreement.
[Photo by Ecopro]

Having secured black mass, a key raw material for the battery recycling business in Japan, Ecopro CNG plans to expand its raw material supply network targeting domestic and international companies.

Metal Do produces black mass by receiving used batteries from leading Japanese battery companies such as Panasonic. Ecopro CNG processes and treats the black mass received from Metal Do to extract valuable metals such as lithium.

The Ecopro Group started its battery recycling business by establishing Ecopro CNG in 2020. The "Closed Loop System" established by Ecopro at its Pohang campus is a secondary battery cathode material value chain that connects lithium, precursors, cathode materials, and recycling.

Park Seokhoe, CEO of Ecopro CNG, said, "We hope this will be an opportunity for both Metal Do and Ecopro CNG to grow together."

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