Published: Oct 8, 2023 09:27
SK ECO PLANT and its subsidiary TES signed a contract with American waste battery reuse company AE on the 26th to establish a joint venture, becoming the first US-Korea joint venture for waste battery reuse in the US. SK ECO PLANT and its subsidiary TES each hold 64% and 11% of the shares respectively. The joint venture will build a factory with an area of about 9290 square meters in Kentucky, USA, mainly for the front-end product of waste battery decomposition and collection of raw materials - black. The factory has an investment scale of 65.8 million US dollars, and is expected to start officially in January 2025.

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