American Manganese and Italvolt Sign Memorandum of Understanding for Lithium-ion Battery Recycling Project
Italvolt to be First Battery Gigafactory in Italy and One of the Largest in Europe with a 45 GWh Capacity
Italvolt-RecycLiCo Vertically Integrated Strategy a Response to European Commission's Proposed Batteries Regulation in Circular Economy Action Plan
SURREY, BC / March 23, 2021 / American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company"), with its advanced and patented lithium-ion battery cathode recycling process (RecycLiCo™), is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Italvolt SpA ("Italvolt"), Italy's first battery Gigafactory and one of the largest in Europe, to develop a commercial recycling plant alongside Italvolt's planned Gigafactory in Scarmagno, Italy. American Manganese and Italvolt will work collaboratively to recycle waste lithium-ion battery cathode material using the patented RecycLiCo™ process.
American Manganese and Italvolt believe the MOU is a strategic response to the European Commission's proposed Batteries Regulation on December 10, 2020. The Batteries Regulation initiative is part of the new Circular Economy Action Plan which aims to ensure that batteries placed in the EU market are sustainable and safe throughout their entire life cycle. This means batteries that are produced with the lowest possible environmental impact, which includes high recycling rates of valuable materials such as lithium, nickel, cobalt, and manganese.
- Published: 23 March 2021
- Written by Editor