that it is entering the electric vehicle battery recycling market through agreements with Primobius GmbH.
The company executed binding licensing and option agreements with Primobius to commercialize Primobius’ EV battery recycling and processing technologies in North America. Under the agreement, Stelco will be able to advance commercial lithium-ion battery feedstock sourcing agreements. It will also allow the company to begin the engineering and approval processes. The agreement enables Primobius the right to acquire between 25% and 50% equity in Stelco’s wholly-owned subsidiary.
The proposed Lake Erie Works refinery will enable Stelco to join the ranks of lithium-ion battery recycling leaders in North America. The integrated shredding and hydrometallurgical refinery will produce up to 18,400 net tons per year of nickel, manganese, and cobalt sulfates, and lithium hydroxide and carbonate. It’s expected to generate up to 40,000 net tons per year of scrap steel that Stelco will recycle into its steelmaking operations.
The market for waste steel recycling is actually vast and is expected to hold the largest share by 2026,
... throw the batteries out of the car and work on real, new technologies!... anti-gravity cars, real, fast rocket engines.......
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EV Market Share Reaches 2.4% in Australia, Tesla Leads EV SalesTesla is the highest-selling EV brand in Australia as the nation is seeing an increase in EV sales for 2021. Yay! Australia 🔥 Wow, who could have seen this one coming, huh ? That is something POTUS should be proud of not angry or embarrassed
Source: cleantechnica - 🏆 565. / 51 Read more »
Musk Left California But It Still Loves Tesla: Brand Has 75% Share Of State’s EV MarketThe billionaire moved Tesla’s headquarters and his residence to Texas, but the Golden State remains the strongest U.S. market for the electric-car maker. An indispensable situation has turned up and I need to stand up to it. It’s a take off or crash situation, I need the help. Only 150 people. If you can help, pls spread this out. RT. Check pinned tweet. Pls spread this. Pls check out the book. Chinese love him so much, because he loves the CCP very much 😂🤣😂 And, about 75% of us are wondering if we should leave California. ;)
Source: Forbes - 🏆 394. / 53 Read more »
Poland's EV Market Is Quickly Catching Up With The Rest Of EuropeUnder the radar, Poland's market for EVs is quickly catching up with the rest of Europe. Here's what you missed Noticed that corporations are doing majority of the bev purchases. Very little private purchases. All company vehicles either delivery or part of compensation package.
Source: cleantechnica - 🏆 565. / 51 Read more »
Musk Left California But It Still Loves Tesla: Brand Has 75% Share Of State’s EV MarketThe billionaire moved Tesla’s headquarters and his residence to Texas, but the Golden State remains the strongest U.S. market for the electric-car maker. alanohnsman tesla kept a pigeon because he knew that they underestimated him for the money, they only know how to get that, pure electronic paper, they don't even know what to do alanohnsman nice grammar
Source: ForbesTech - 🏆 318. / 59 Read more »