POSCO Holdings completed the construction of a secondary battery recycling plant PLSC in Brzeg Dolny, Poland on Aug. 25.
The opening ceremony was attended by Head of the Green Materials & Energy Business Team of POSCO Holdings Yoo Byeong-og, Korean Ambassador to Poland Lim Hoon-min, Governor Janusz Zdziarski, Mayor of Brzeg Dolny Powel Pirek, and officials from clients and partners, including LG Energy Solutions, GS Energy, and SungEel HiTech.
Yoo Byeong-og of POSCO Holdings, said, “The recycling business is pivotal to the virtuous cycle economy of eco-friendly batteries at the core of the secondary battery material business of the POSCO Group. We will take the lead in corporate social responsibility and secure competitiveness for secondary battery raw materials by consistently expanding the recycling business.”
POSCO Holdings built the secondary battery recycling subsidiary PLSC in March last year in response to the growing secondary battery recycling market with the increase in electric vehicles and the demands of governments and major customers around the world to mandate the use of recycled materials for secondary batteries.
The company cooperates with SungEel HiTech, a Korean company with proprietary technology for recycling secondary batteries, in running the plant.
Meanwhile, the POSCO Group has been investing and developing technologies for lithium and nickel, core raw materials for secondary batteries, since it entered the business in 2010.
It plans to achieve sales of 41 trillion won by building a stable secondary material value chain by 2030, producing 300,000 tons of lithium, 220,000 tons of nickel, 610,000 tons of cathode materials, and 320,000 tons of anode materials.