SK Ecoplant invests in Ascend Elements to boost battery recycling

By Global Infrastructure Sherpa · May 1, 2024

Investment Battery Recycling announced Westborough, United States May 1, 2024

USD50M

Deal Value

30000 metric tons

Capacity

null

Stage

Apex 1

Project

SK Ecoplant is investing $200 million in Ascend Elements, a battery recycling company, to support the expansion of its recycling operations and the development of advanced recycling technologies.

Source Intelligence

KEY DETAILS

Ascend Elements plans to invest up to $1 billion to build a facility in Hopkinsville, KY. "Ascend Elements recently announced plans to invest up to $1 billion over several phases to build a sustainable lithium-ion battery materials facility in Hopkinsville, Ky."

“

Deal Size

Ascend Elements , a U.S.-based lithium-ion battery recycling and engineered materials company, today announced a strategic investment of $50 million from SK ecoplant

“

Capacity

When fully operational in Q4 2022, the facility known as "Base 1" will recycle more than 30,000 metric tons of used batteries and manufacturing scrap per year, making it North America's largest lithium-ion battery recycling facility.

“

Location

Based in Westborough, Mass. , Ascend Elements is revolutionizing the production of lithium-ion battery materials by establishing a clean and sustainable supply chain using recycled feedstock.

“

Announcement

Sept. 1, 2022

“

Signing

August 30, 2022

PARTIES MENTIONED IN SOURCE

SK ecoplant investor

"Ascend Elements , a U.S.-based lithium-ion battery recycling and engineered materials company, today announced a strategic investment of $50 million from SK ecoplant"

Ascend Elements seller

"Ascend Elements , a U.S.-based lithium-ion battery recycling and engineered materials company, today announced a strategic investment of $50 million from SK ecoplant"

high quality Enriched Feb 19, 2026