Cirba Solutions Secures Additional Investment from Marubeni to Expand Circular EV Battery Materials Supply Chain
Summary
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 Marubenis 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 partner with Cirba Solutions and The Heritage Group to expand our Metals & Mineral Resources Division with a focus on a circular supply chain for critical metals. Given Cirba Solutions remarkable track record and extensive knowledge in battery recycling space, we are thrilled to working together to develop sustainable future. "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.