SK Ecoplant invests in Ascend Elements to boost battery recycling

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.

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Counterparts (2)

Investor

SK Ecoplant

company · 1 deals

SK ecoplant focuses on hi-tech solutions, green energy, and environmental platforms. They are involved in semiconductor services, renewable energy solutions, waste recycling, and water treatment.

recipient

Ascend Elements

company

Ascend Elements is a battery recycling and engineered materials company focused on creating sustainable, closed-loop battery materials solutions. They specialize in recycling lithium-ion batteries and producing new cathode active materials (CAM) from recycled materials.

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."

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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

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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.

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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.

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Announcement

Sept. 1, 2022

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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

Timeline

Announced

May 1, 2024

Signed

Aug 30, 2022

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

www.prnewswire.com

View Full Deal Details

SK Ecoplant invests in Ascend Elements to boost battery recycling

Counterparts (2)

Source Intelligence

Timeline

Source

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