Grimme plans to build a lithium battery raw material recycling project in 1.8 billion, which is scheduled to be completed by the end of 2023.

In order to promote the application of the company's new energy life cycle cycle value chain model in the Yangtze River Delta and promote the company's new energy materials to form a ternary precursor manufacturing pattern of "Jingmen + Taixing + Fu'an", Greenbeauty (Jiangsu), a wholly-owned subsidiary of the company, signed an investment agreement with the Management Committee of Jiangsu Taixing Economic Development Zone. It is planned to invest 1.8 billion yuan to build a circular economy industry project of new energy materials and supporting raw materials.

It is reported that Greenmei Taixing Park is a chemical system park laid out by the company in the chemical agglomeration area of the Yangtze River Delta. at present, it has formed an annual production capacity of 10000 tons of cobalt tetroxide and 2000 tons of cobalt sheets, which is an important source of profits for the company.

The announcement shows that the project is dominated by scrapped battery raw materials and adopts the mode of circular economy. after the completion of the project, it will form an annual output of 30, 000 tons of ternary precursors, 20, 000 tons of cobalt tetroxide, 5000 tons of lithium cobalt oxide, 2000 tons of cobalt tablets, 25000 tons of high-purity nickel, cobalt-manganese raw materials, and 3000 tons of lithium phosphate raw materials, and the annual output value of the park will reach more than 10 billion. It has become another park with an output value of 10 billion after the company's Jingmen Park.

Construction of the project is scheduled to start in June 2021, with construction of 30,000 tons of multiple precursors for lithium batteries expected to be completed by June 2022 and all projects by December 2023, Grimme said.

In addition, another wholly-owned subsidiary of Greenbeauty (Wuxi) held a ceremony for the construction of the park in Wuxi on June 6. The company signed a capital cooperation contract with Wuxi Airport Economic Development Zone and Wuxi New area Science and Technology Financial Venture Capital Group Co., Ltd., based on the principle of reciprocity, and all parties will make use of their respective advantages and strengths. Jointly build Wuxi New Energy Circular economy low carbon demonstration Park.

It is reported that the Green Mei Wuxi Park is the company's power battery recycling base, new energy vehicle recycling base and ternary cathode material manufacturing base in the Yangtze River Delta. At present, it has formed an annual production capacity of 10000 tons of high energy density ternary materials and the ability to recycle and dispose of 50, 000 sets of decommissioned power batteries.

The construction of Wuxi New Energy Recycling economy low-carbon demonstration Park will realize the construction of projects such as the annual recovery and treatment of 100000 new energy vehicles and the annual recovery and manufacture of 100000 tons of power batteries, so as to reduce carbon dioxide emissions by 1 million tons. To build a new energy life cycle low-carbon industry model of "power battery recycling-new energy vehicle recycling-power battery cascade utilization-auto parts cascade utilization-new energy material remanufacturing", to promote new energy vehicles from "green to green".

Greenmei said that the signing of the contract with Taixing and Wuxi will form a chain coordination of "physical process (Wuxi Park) + Chemical process (Taixing Park)" to implement a complete comprehensive recycling of power batteries and battery waste. Latong's new energy recycling industry chain of "battery recovery-raw material recycling-material recycling" in the Yangtze River Delta will promote the realization of the company's strategic goal of breaking through 30 billion of output value during the 14th five-year Plan.

According to the battery network, Greenmei plans to achieve sales revenue of more than 18 billion yuan in 2021. The production and sales of ternary precursors reached 100000 tons, the production and sales of cobalt tetroxide exceeded 23000 tons, the total recovery of power batteries and battery waste exceeded 30000 tons, and the quality of e-waste business and urban mineral business increased significantly. The efficiency of e-waste and waste plastics recycling business increased by 40%, and the total number of scrapped cars recovered and dismantled exceeded 170000. The urban mining business with scrapped vehicles as the main body has achieved a turnaround from losses to profits, promoting the release of production capacity and high efficiency growth in 2021.

In addition, in addition to the layout of recycling projects in many provinces in China, Grimme is also actively laying out in South Africa, South Korea and Indonesia, where the Indonesian nickel resources project plant is under construction and will reach an annual production capacity of 50,000 tons of battery-grade nickel metal. the products include 20,000 gold tons of nickel intermediates and 30,000 tons of nickel sulfate. At present, the company is accelerating the promotion of the Indonesian nickel resources project, and plans to complete the construction within 2021 and put it into operation in early 2022 to meet the strategic needs of the company's precursor materials development for nickel resources.