Latest news with #Derichebourg
Korea Herald
29-04-2025
- Automotive
- Korea Herald
LG Energy Solution to set up battery recycling JV in Europe for 1st time
French facility to begin operation by 2027 with annual capacity to process over 20,000 tons of used batteries LG Energy Solution said Tuesday it is poised to establish a joint venture for electric vehicle battery recycling in France with Derichebourg, a local environmental services company, marking South Korea's first recycling joint venture in Europe. The new recycling plant, set to be built in the Val d'Oise region of northern France, will start construction next year and become fully operational by 2027. Its annual capacity to process used batteries is expected to be more than 20,000 metric tons. The facility will engage in preprocessing activities that safely disassemble and crush end-of-life batteries and scrap -- by-products from cathode material production or defective batteries from battery manufacturing processes -- into 'black mass.' This intermediate product will be further processed to obtain key metals such as lithium, cobalt and nickel, which are set to be used to manufacture cathode materials and supplied to LG Energy Solution's global production sites. The joint venture plans to secure scrap from LG Energy Solution's EV battery cell manufacturing plant in Wroclaw, Poland, and used batteries collected by DBG from France and neighboring areas. While the additional construction project for its post-processing plant manufacturing black mass is currently pending, an LG Energy Solution official noted that the new facility's location will be determined by various factors, including the availability of large-scale industrial sites, workforce requirements and investment costs. This is different from its preprocessing facility in France, which prioritized proximity to secure end-of-life batteries, as their transportation cost is higher compared to black mass, which is easier to transport. One of the key reasons the battery giant is building a recycling plant in France is to secure a stable supply chain for critical battery raw materials, which are often challenged by price and supply volatility due to geopolitical risks, including China's dominance in minerals. According to the China Geological Survey under the Ministry of Natural Resources, China has 16.5 percent of the world's known lithium reserves as of January this year, ranking as the second-largest country that controls the critical materials after Chile. Industry insiders suggest that the second Donald Trump administration's ongoing power game with China has also led to the recycling push, with the US tariffs on Chinese lithium battery materials exceeding 80 percent. In addition, LG Energy Solution looks to preemptively respond to the EU's intensified regulations, which require recycling rates for battery raw materials in Europe to be 16 percent for cobalt, 6 percent for lithium and 6 percent for nickel by 2031. By 2036, these rates will increase to 26 percent for cobalt, 12 percent for lithium and 15 percent for nickel. According to the European Automobile Manufacturers Association, France captured 15 percent of Europe's total EV sales in 2024, indicating a rapid increase in end-of-life battery resources. Derichebourg, a leading player in France's metal recycling market, possesses over 200 facilities that collect used batteries across the country. 'We will continue to demonstrate exceptional customer value in the battery recycling industry by capitalizing on our innovative technology and production capabilities,' stated Kang Chang-beom, chief strategy officer of LG Energy Solution.
Korea Herald
29-04-2025
- Automotive
- Korea Herald
LG Energy Solution Establishes Battery Recycling Joint Venture with Derichebourg
SEOUL, South Korea, April 29, 2025 /PRNewswire/ -- LG Energy Solution has announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant. Construction will begin in 2026 in Bruyères-sur-Oise, located in the Val-d'Oise region of northern France, with operations scheduled to commence in 2027. The new plant will specialize in pre-processing, such as discharging, dismantling and shredding battery scrap—waste generated during battery production—as well as the collection of end-of-life EV batteries. Marking LG Energy Solution's first battery recycling joint venture in Europe, this state-of-the-art facility will have a processing capacity of over 20,000 tons per year at its full operation. The black mass extracted at the pre-processing facility will undergo further post-processing to recover key battery raw materials such as lithium, nickel, and cobalt, which will then be used in LG Energy Solution's battery production. Under the agreement, LG Energy Solution will supply battery scrap from its facility in Poland, while Derichebourg will provide end-of-life EV batteries collected from France and surrounding countries. Through this joint venture, LG Energy Solution is accelerating the development of a closed-loop [1] resource circulation system in Europe. This aligns with the company's goals to enhance raw material sourcing stability and strengthen its value chain competitiveness, while reinforcing Europe's sustainable battery recycling ecosystem. Considering the EU Battery Regulation, which mandates a minimum level of recycled content in batteries sold in Europe starting in 2031, this partnership will also effectively address upcoming regulatory requirements. In addition, the collaboration aims to support car manufacturers seeking to establish a closed-loop battery recycling system, further promoting a circular economy. Derichebourg operates over 200 collecting sites in France and over 285 sites worldwide. LG Energy Solution and Derichebourg plan to deepen their strategic partnership and expand their joint efforts in the battery recycling business. "This collaboration enables us to secure a stable and cost-competitive supply of recycled battery materials from the advanced processing of end-of-life batteries and battery scrap," said Chang Beom Kang, CSO of LG Energy Solution. "This initiative will also significantly enhance the value we deliver to customers in the recycling sector." "This partnership fully supports our ambition to develop industrial solutions with a high environmental added value, while strengthening the local roots of our activities," said Abderrahmane El Aoufir, CEO of Derichebourg. [1] Closed-loop system: Enables the recycling of used batteries and the reuse of recovered materials in new battery production. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 69,600 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit
Korea Herald
29-04-2025
- Automotive
- Korea Herald
LG Energy, French firm DBG set up battery recycling JV
LG Energy Solution Ltd., South Korea's leading battery maker, said Tuesday it has partnered with French metal scrap recycler Derichebourg to establish a battery recycling joint venture in France. Under the 50:50 JV, the two companies will build a battery recycling plant in Val-d'Oise, just north of Paris, capable of processing more than 20,000 tons of used batteries and scrap annually, with operations slated to begin in 2027, LGES said in a press release. It is the first battery recycling JV formed between a South Korean and a European company in Europe. "This partnership (with DBG) will serve as a stepping stone for the company to expand into the European battery recycling market," an LGES official said. Used batteries and scrap will be processed into black mass, which can be refined into core battery materials, such as lithium, cobalt and nickel, to be reused in the battery manufacturing process at LGES's global production facilities, the company said. The supply of used battery resources are expected to grow rapidly in France, as the country accounted for 15 percent of total electric vehicle sales in Europe last year, according to the European Automobile Manufacturers' Association. (Yonhap)
South China Morning Post
03-04-2025
- Business
- South China Morning Post
France's Elior Group chief ‘confident' about Hong Kong aircraft processing deal
A leading French aeronautical services company with plans to use Hong Kong as its regional base to expand its reach across Asia, including mainland China, is confident of finalising a deal to develop its first aircraft parts processing and trading centre on the continent. Advertisement In an exclusive interview with the Post, Daniel Derichebourg, chairman and CEO of the France-based Elior Group, expressed confidence a deal with the city government could be reached and that with authorities' support, through provision of land and trained talent, Hong Kong would continue to grow as a centre of aviation excellence. He added he hoped to set up the company's operation for aircraft dismantling, parts processing and recycling in the city 'as soon as possible'. 'We are still in an early stage of our discussions … Yes, we are confident that we will make it work. Because if not, we will not be here,' Derichebourg, 72, said. 'We're keen and committed to setting up this operation in Hong Kong. Our mission is to develop our business in Asia, and Hong Kong will be a regional base.' Advertisement Posting on Facebook last week after meeting with Derichebourg, Chief Executive John Lee Ka-chiu threw his full support behind the group setting up in Hong Kong, pledging the government would provide one-stop services to help operations in the city.
