SungEel MCC Americas (SMCC) has revealed the location of its lithium-ion battery recycling plant to be built in New York State.
Image: SungEel MCC's new lithium-ion battery recycling plant to be located in New York State. Photo: courtesy of Kerem Yucel/Freeimages.com.
The Endicott, New York plant will be located in the Huron Campus, formerly the IBM-Endicott facility. SMCC will leverage over $1.75MM in incentives from New York State and create over 100 research, engineering, and manufacturing jobs.
Approximately 50% of LIBs are recovered and recycled in the European Union and some Asian countries, whereas less than 5% of all LIBs are recycled in the United States. Cobalt and lithium are the two most valuable metals found in LIBs, with consumption of both outpacing supplies in recent years.
The United States lacks the domestic supply of both strategic metals. SMCC will recover these valuable metals through an efficient and environmentally friendly process. The recovered metals can be used in the manufacture of new lithium-ion batteries as well as multiple industrial applications.
Metallica Commodities COO and SMCC President Danish Mir said: “We are excited to be at the forefront of lithium-ion battery recycling in the United States and to create quality, hi-tech, green jobs in our home state of New York.
The State’s energy storage initiative makes the Southern Tier an obvious choice. We look forward to leveraging the region’s educational institutions, technological resources, and manufacturing tradition to add to the incredible progress New York State has made in energy storage technology.”
Empire State Development president, CEO, and commissioner Howard Zemsky said: “Throughout the Southern Tier, companies are finding innovative new uses for existing facilities. This international partnership recycling lithium batteries will foster the supply of a product in high demand and expand the thriving energy storage industry in the region.
“We are delighted to welcome SungEel MCC Americas to the Huron Campus and look forward to their contributions in building the infrastructure to support the clean energy and advanced manufacturing initiatives at the Huron Campus in Endicott,” said Christopher Pelto, President of Huron Real Estate Associates, LLC.
Source: Company Press Release