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[Alpha Biz=(Chicago) Reporter Kim Jisun] Kolon Industries enters the rechargeable battery recycling market

Kolon Industries will enter the secondary battery recycling market.

The company signed a 4.5 billion won equity investment contract with Aldi Solution, a domestic rechargeable battery recycling startup, at Kolon One & Only Tower in Magok-dong, Seoul on the 25th. With this investment, Kolon Industries has become the second largest shareholder of RD Solution. The two companies plan to complete the production system as early as the end of this year. Kolon Industries plans to strengthen its business synergy by combining its know-how in upgrading production with Aldi Solution's waste battery processing source technology.

RD Solution is a company with mid- to low-temperature, high-efficiency dry process technology that selectively recovers high-purity metals such as lithium, nickel and cobalt from waste batteries. This technology is safe because it does not go through battery crushing and grinding process. In addition, it can contribute to the realization of carbon neutrality by reducing greenhouse gas emissions.

The secondary battery recycling market is expected to grow rapidly due to the spread of electric vehicles. According to market research firm SNE Research, the global battery recycling market is expected to grow from about 60 trillion won in 2030 to 200 trillion won in 2040.

 

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