The Navarrese company BeePlanet Factory and the Korean company SungEel HiTech, together with other entities and companies, have signed an agreement that will allow Navarre to have its first plant dedicated to the reuse and recycling of electric vehicle batteries operational by 2025.<\/p>\n
This centre, which is presented as part of the ‘Beecycle’ project, will be built on a 31,000 square metre plot located in the town of Caparroso, and its start-up will require an initial investment of 18.5 million euros. In addition, it will employ between 60 and 70 people and will have sufficient capacity to manage the batteries of around 25,000 cars a year. Specifically, it will extract 10,000 tonnes of the so-called “black mass”, the first derivative obtained in the recycling process of this waste.<\/p>\n
The company SungEel HiTech will play “a key role” in achieving these results, as it “will provide the cutting-edge technology needed to recycle the lithium-ion batteries present on the Iberian Peninsula, a component that will be highly available in the coming years”.<\/p>\n
In addition to BeePlanet and SungEel HiTech, other shareholders in the consortium include Medenasa and Truck&Wheel Grupo from Navarre, which complement the industrial capacity of the project, as well as Sodena, a public company dependent on the Government of Navarre, which has also provided technical and institutional support for the project. The Korean part is completed with the presence of Samsung C&T.<\/p>\n