EcoGraf Limited (ASX: EGR | FSE: FMK | OTCQB: ECGFF) has signed a non-binding Memorandum of Understanding with BASF, which sets out a framework for the company to support BASF’s recycling R&D in Europe with its anode recycling capability to accelerate the objective of enabling a circular economy and reducing CO2 emissions.
The agreement follows an initial positive testwork programme and provides for EcoGraf to utilize its proprietary purification process to recover anode material from BASF’s leached black mass generated from production scraps and end-of-life lithium-ion batteries, to produce product samples for customer evaluation within the battery and industrial markets.
The anode recycling programme will blend recycled anodes with EcoGraf’s high purity and high-performance Tanzanian graphite to increase re-use and uptake with customers. Similarly, the company will utilize the testwork results to refine recycling flowsheet and plant design.
BASF is a leading chemical company headquartered in Ludwigshafen, Germany, which is committed to a circular battery value chain and is operating a commercial scale cathode active material plant in Schwarzheide, Germany and will open its battery recycling prototype plant at the same site later this year.
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