|

Lohum signs $30 million JV with US firm for battery recycling facility

LOHUM Cleantech Ltd, ReElement Technologies Corporation, and American Metals have formalised a partnership through a Memorandum of Understanding (MoU) to develop a fully integrated lithium-ion battery recycling and materials processing facility in the United States. With an initial investment of $30 million, the facility will have a capacity of 15.5 GWh and is expected to create 250 jobs focused on environmentally sustainable operations. Located at the Marion Advanced Technology Centre in Indiana, the facility will…