The stainless steel maker Ni Hsin has signed an agreeement with SIRIM, a industrial research and technology organisation wholly-owned by the Malaysian government, to set up a plant for lithium-ion battery recycling in Malaysia.
The project will be funded through a public private partnership and will be part of larger package including lithium-ion battery manufacturing.The pilot plant will be fully operational in 2023 with annual recycling capacity of 550 tonnes of lithium-ion batteries and will initially be used for portable batteries and packs from the increasing amount of e-scooters in the Malaysian market. The plant will produce black mass as end-product which will be sold to battery recyclers and precursor manufacturers. The two companies will however already start to plan for a material recovery process which could be integrated with manufacturing of lithium-ion batteries from 2025.
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