SK Ecoplant has announced plans to establish a secondary battery recycling project in Gyeongju, South Korea. This comes after signing a three-party investment MOU on the 8th of September. They signed the MOU with Gyeongbuk Province and Gyeongju City, at a worth of KRW330 billion (USD250 million). The announcement marks the initial promotion of the Gyeongju Battery Recycling Project and will be SK Ecoplant’s first battery recycling facility in South Korea.
SK Ecoplant’s first battery recycling facility in South Korea
The investment aims to establish a facility with both pre- and post-processing capabilities. The construction is scheduled in the Gangdong Industrial Complex, Gyeongju, and is expected to come online in 2026. This facility will be designed to handle an annual processing capacity of 10,000 tonnes of black mass. Additionally, the Gyeongju plant is expected be positioned as a hub for both domestic and global secondary battery material production.
Image credit: SK Ecoplant