RecycLiCo Receives Approval from Taiwan Department of Investment Review for Battery Recycling Joint Venture
SURREY, British Columbia, Nov. 30, 2023 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”), (TSX.V: AMY | OTCQB: AMYZF| FSE: ID4) a pioneer in the field of sustainable lithium-ion battery recycling technology, is proud to announce that it has received investment approval from the Taiwan Department of Investment Review for its 50/50 joint venture with Zenith Chemical Corporation.
- SURREY, British Columbia, Nov. 30, 2023 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”), (TSX.V: AMY | OTCQB: AMYZF| FSE: ID4) a pioneer in the field of sustainable lithium-ion battery recycling technology, is proud to announce that it has received investment approval from the Taiwan Department of Investment Review for its 50/50 joint venture with Zenith Chemical Corporation.
- The joint venture company, named Recyclico Zenith Battery Materials Technology Co., solidifies a significant partnership in the Company’s expansion within the Asian market.
- Following the comprehensive and thorough approval process by the Taiwan Department of Investment Review, RecycLiCo has committed to an initial capital injection of NTD 24,000,000.
- The advanced battery recycling technology employed by the joint venture will be capable of processing black mass into high-value products, such as battery-grade lithium chemicals and precursor cathode active material (pCAM), thus positioning the joint venture at the forefront of advanced battery recycling solutions.