Trending...
- G. Entertainment Proudly Presents The Hip-hop 50th Anniversary Concert
- Veterans for Trump Spokesman Admiral Charles Kubic signs onto push that DEI be removed from DOD
- Avoiding the Summer Slide: Oakland-Based Children Rising To Provide Summer Enrichment Programming
Marubeni invests $50 million in Cirba Solutions to expand its superior battery materials operational footprint supporting a circular EV supply chain.
CHARLOTTE, N.C., Feb. 9, 2023 /PRNewswire/ -- Cirba Solutions, the largest and most comprehensive battery management and materials processor for end-of-life batteries and gigafactory manufacturing scrap, today announced a $50 million minority investment from the Marubeni Corporation ("Marubeni"). This investment further supports Cirba Solutions' ongoing efforts to rapidly expand its operational footprint addressing the needs of the market to create a sustainable closed loop battery materials supply chain.
With Marubeni's expansive global network and strong strategic presence in the Asia-Pacific market with major suppliers in the EV industry, this investment supports the need to provide more sustainable solutions for end-of-life batteries and manufacturing scrap that help reduce environmental impact while closing the supply gap of needed critical materials for electric vehicles.
"We are pleased to announce this additional investment as we continue to expand our Metals & Mineral Resources Division with a focus on sustainability and a circular supply chain for batteries." Says Manabe Kazumi, Assistant General Manager of the Metals & Mineral Resources Division at Marubeni Corporation. "Cirba Solutions' extensive knowledge and expertise in battery materials, strategic roadmap for growth and commitment to helping future generations through its operations make it an ideal partner to service and supply the growing electrification sector."
More on ncarol.com
While gigafactory production scrap is expected to be the majority feedstock for black mass over the next decade, end-of-life electric vehicle batteries will continue to become a larger source of recyclable materials. Cirba Solutions' vertical integrated approach and coast-to-coast coverage positions it to support national collection programs and regionalized manufacturing needs for recovering these critical materials. With six strategically located active operational facilities, and a seventh estimated to open at the end of 2023 in Arizona, Cirba Solutions is the premier partner to manufacturers looking for a closed loop approach.
"Having Marubeni as a partner on our journey is of great strategic value" says David Klanecky, President & CEO of Cirba Solutions. "They are engaged in various businesses across the supply chain in the lithium-ion battery market from materials supply to logistical coordination, and we are excited to partner with them supporting that market and share the vision for a circular economy."
This most recent strategic investment in Cirba Solutions further augments the previously announced $245 million investment from EQT Instructure and the over $82 million from two recent Department of Energy grants from the Bipartisan Infrastructure Law.
More on ncarol.com
ABOUT CIRBA SOLUTIONS
Cirba Solutions is the most trusted and only complete service provider in the battery management industry, taking batteries at end-of-life, processing them to extract critical materials and supply these materials back in the supply chain. With an operational, differentiated platform the full suite of capabilities addresses lithium-ion and cross-chemistry battery demand supporting a circular battery supply chain for the industry. It is the leader in end-to-end battery recycling management solutions, offering battery-centric logistics, collection program solutions, second-life applications, and validating cathode production, with technological processes that emphasize environmental compliance. Cirba Solutions combines the resources and expertise of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions.
www.cirbasolutions.com
Follow Cirba Solutions on LinkedIn and Twitter
Logo - https://mma.prnewswire.com/media/1997117/Cirba_Solutions_Logo.jpg
SOURCE Cirba Solutions
CHARLOTTE, N.C., Feb. 9, 2023 /PRNewswire/ -- Cirba Solutions, the largest and most comprehensive battery management and materials processor for end-of-life batteries and gigafactory manufacturing scrap, today announced a $50 million minority investment from the Marubeni Corporation ("Marubeni"). This investment further supports Cirba Solutions' ongoing efforts to rapidly expand its operational footprint addressing the needs of the market to create a sustainable closed loop battery materials supply chain.
With Marubeni's expansive global network and strong strategic presence in the Asia-Pacific market with major suppliers in the EV industry, this investment supports the need to provide more sustainable solutions for end-of-life batteries and manufacturing scrap that help reduce environmental impact while closing the supply gap of needed critical materials for electric vehicles.
"We are pleased to announce this additional investment as we continue to expand our Metals & Mineral Resources Division with a focus on sustainability and a circular supply chain for batteries." Says Manabe Kazumi, Assistant General Manager of the Metals & Mineral Resources Division at Marubeni Corporation. "Cirba Solutions' extensive knowledge and expertise in battery materials, strategic roadmap for growth and commitment to helping future generations through its operations make it an ideal partner to service and supply the growing electrification sector."
More on ncarol.com
- Kuester Management Group Offers Insight on Handling HOA Parking Issues
- Gemini IT Producer Software is Reshaping the Filmmaking Industry
- Franklin County Home Builders Association Raising Funds for New Permanent Home
- 130k+ Patients' Social Security Numbers Leaked in UHS of Delaware Data Breach
- Sip Social Co. Mobile Bar Trucks Showcased At BC Home + Garden Show Presents New Opportunities To Partner With Marketplace Events
While gigafactory production scrap is expected to be the majority feedstock for black mass over the next decade, end-of-life electric vehicle batteries will continue to become a larger source of recyclable materials. Cirba Solutions' vertical integrated approach and coast-to-coast coverage positions it to support national collection programs and regionalized manufacturing needs for recovering these critical materials. With six strategically located active operational facilities, and a seventh estimated to open at the end of 2023 in Arizona, Cirba Solutions is the premier partner to manufacturers looking for a closed loop approach.
"Having Marubeni as a partner on our journey is of great strategic value" says David Klanecky, President & CEO of Cirba Solutions. "They are engaged in various businesses across the supply chain in the lithium-ion battery market from materials supply to logistical coordination, and we are excited to partner with them supporting that market and share the vision for a circular economy."
This most recent strategic investment in Cirba Solutions further augments the previously announced $245 million investment from EQT Instructure and the over $82 million from two recent Department of Energy grants from the Bipartisan Infrastructure Law.
More on ncarol.com
- Ohio Pacing Stallion Catch The Fire Is Heading To Australia
- IntellaTriage Names Olivia Gaffney, RN as 2022 Nurse of the Year Honoree
- Autel Robotics Wins Prestigious Red Dot Design Award 2023 for EVO Max 4T Drone
- Launch of New Industrial Capabilities and Services Website for Argo Products in St. Louis, Missouri
- SafeBreak® Vascular Cleared for Pediatrics
ABOUT CIRBA SOLUTIONS
Cirba Solutions is the most trusted and only complete service provider in the battery management industry, taking batteries at end-of-life, processing them to extract critical materials and supply these materials back in the supply chain. With an operational, differentiated platform the full suite of capabilities addresses lithium-ion and cross-chemistry battery demand supporting a circular battery supply chain for the industry. It is the leader in end-to-end battery recycling management solutions, offering battery-centric logistics, collection program solutions, second-life applications, and validating cathode production, with technological processes that emphasize environmental compliance. Cirba Solutions combines the resources and expertise of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions.
www.cirbasolutions.com
Follow Cirba Solutions on LinkedIn and Twitter
Logo - https://mma.prnewswire.com/media/1997117/Cirba_Solutions_Logo.jpg
SOURCE Cirba Solutions
Filed Under: Business
0 Comments
Latest on ncarol.com
- Make your Business Stand Out with a Memorable and Relevant Name From Namify's Company Name Generator
- Engineers honored at international conference in New Orleans
- Pivot Parking Announces New Executive Vice President
- Veterans for Trump Spokesman Admiral Charles Kubic signs onto push that DEI be removed from DOD
- Black Dog Venture Partners Acquires 20% Stake in St. Petersburg based, Woman Owned Music Discovery Platform Giggidy
- We Decode DNA Kit Named One of the Top 50 Most Innovative Products of 2023 by Innovation & Tech Today
- New Jewelry Viewing Room at Biris Jewelers
- The US Senators are Getting Satellite Phones for Security, and You Should Too
- Launch of The Who's Who Guide to Asset Tokenization
- Mensa Foundation Prize Awarded to NIH Neuroscientist
- Industry Awards Program Identifies Top Hiring, Engagement, Learning Technologies
- Victor Avila is still seeking justice for the cartel execution of partner,agent Jaime Zapata,12 years later. Murder charge now dismissed by DC court
- Costner builds a Field of Dreams - Pitt builds a Field of Power
- Yida Gao Welcomes Brandon Stahl as the New CFO at Shima Capital
- Honoring The Women In Our Lives
- Armie Hammer to star in American Criminals Movie to shoot in Chicago Summer 2023
- Kingwills™, With The Industry Trend Guided, Landed More Than 100 Million Yuan In Series B Funding
- Revealed: How To Optimize a Website Home Page For Search Engines
- Reputation Riser Launches: CEO Tim Sumer's Solution to the Pressing Problem of Not Getting Leads from Your Website
- NEMTAC® Announces Public Comment Period