Business
LG Energy Solution and Toyota Tsusho Establish a Battery Recycling Joint Venture in the U.S.
LG Energy Solution and Toyota Tsusho Corporation today announced the establishment of Green Metals Battery Innovations, LLC, a joint venture company focused on battery recycling. Under the agreement signed by LG Energy Solution Michigan and Toyota Tsusho America, the two partners decided to construct and operate a pre-processing plant in Winston-Salem, North Carolina.
About this update from Toyota Tsusho Corp.
[{"type":"list","items":[{"val":[{"type":"text","content":"The joint venture company Green Metals Battery Innovations will construct a pre-processing facility in North Carolina to extract black mass, a key material for battery recycling","length":177,"tagName":"p"}]},{"val":[{"type":"text","content":"The new facility objective is to achieve an annual processing capacity of 13,500 tons of scrap, equivalent to over 40,000 automotive batteries","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"LG Energy Solution's first battery recycling JV in North America signifies a strong commitment to collaboration on a closed-loop system and circular economy","length":160,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":479,"olType":false},{"type":"text","content":"SEOUL, South Korea, June 19, 2025 /PRNewswire/ -- LG Energy Solution and Toyota Tsusho Corporation today announced the establishment of Green Metals Battery Innovations, LLC, a joint venture company focused on battery recycling. Under the agreement signed by LG Energy Solution Michigan and Toyota Tsusho America, the two partners decided to construct and operate a pre-processing plant in Winston-Salem, North Carolina.","length":425,"tagName":"p"},{"type":"text","content":"The new plant will handle pre-processing operations to extract black mass which contains valuable raw metals such as nickel, cobalt, and lithium, by dismantling and shredding battery production scrap. In the initial stage of the joint venture's operation, LG Energy Solution will supply scrap generated during the production of EV batteries for Toyota Motor.","length":367,"tagName":"p"},{"type":"text","content":"The facility is scheduled to commence operations in 2026, with an objective to achieve maximum annual processing capacity of 13,500 tons of scrap — equivalent to over 40,000 automotive batteries. ","length":196,"tagName":"p"},{"type":"text","content":"The extracted black mass will later undergo a separate post-processing stage to recover raw materials contained within. The joint venture seeks to further establish a battery-to-battery closed-loop system where those raw materials are circulated as recycled resources for new battery materials, advancing a true circular economy in the battery supply chain.","length":357,"tagName":"p"},{"type":"text","content":"This collaboration between LG Energ...