Saevitchem, a specialized company in secondary battery recycling (CEO Park Min-gyu), announced on the 26th that it has signed a business agreement with Bitsrocell, a lithium primary battery manufacturer and secondary battery material company (CEO Jang Seung-guk), for "battery material business cooperation for research and development of lithium chloride manufacturing for batteries using recycled lithium carbonate."
The main points of this business agreement are ▲ Saevitchem will provide recyclable materials including recycled lithium carbonate, and ▲ Bitsrocell will be responsible for securing and providing raw materials for the development of waste battery recycling technology.
CEO Park Min-gyu of Saevitchem (left in the photo) took a commemorative photo with CEO Jang Seung-guk of Bitsrocell (right in the photo), promising a successful challenge in the domestic first primary battery recycling market. / Photo by Saevitchem
Furthermore, both companies plan to mutually cooperate for the manufacturing and research and development of lithium chloride for batteries using recycled lithium carbonate.
Bitsrocell, which signed the business agreement with Saevitchem this time, is a company with global capabilities in the lithium primary battery sector and is focusing on preparing material businesses for lithium secondary batteries, next-generation lithium-sulfur batteries, and all-solid-state batteries.
Regarding this, Saevitchem CEO Park Min-gyu said, “We are pleased to diversify the supply of lithium raw materials and secure a stable purchasing channel through the signing of the MOU to establish a One Company cooperative system with Bitsrocell,” adding, “Based on mutual respect and trust, we will strengthen the competitiveness of both companies through this business agreement and further contribute to continuous strengthening of ties and development of cooperative relationships by enhancing the technological and innovative capabilities of both companies.”
Meanwhile, Saevitchem recently completed the development of a lithium carbonate extraction process with a recovery rate of 85% at the product stage as part of diversifying recycled battery products and is preparing for mass production. The company also signed an MOU for joint development of lithium hydroxide recovery technology with the Korea Research Institute of Chemical Technology.
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