May 16, 2020

HSBC to fund state-of-the-art plant for surface treatment company

South West Metal Finishing
metal finishing
HSBC
Finance
Nell Walker
1 min
HSBC to fund state-of-the-art plant for surface treatment company
South West Metal Finishing, a UK metal finishing company, has secured a £250,000 finance package from HSBC to purchase a treatment plant which wil...

South West Metal Finishing, a UK metal finishing company, has secured a £250,000 finance package from HSBC to purchase a treatment plant which will also create 16 jobs.

 

The company provides surface finishing services to aerospace, marine, and automotive sectors - among others - and has acquired the plant to replace an existing acid anodising process which is being phased out due to new legislation. Acid anodising is used primarily for corrosion protection on vehicles and equipment such as aeroplanes, submarine casings and dental implants.

Jackie Jacobs, Finance Director at South West Metal Finishing, said: “There is huge growth in this area, especially since the Tartaric Sulphuric Acid Anodising process was chosen by Airbus as a replacement for Chromic Anodising.

“We’ve been offering this service on a small scale since 2014, but thanks to HSBC and the RGF we can now offer it on a much larger scale in a more efficient and productive way for our customers. We now expect our turnover to double each year for the next five years.”

The £250,000 asset finance package from HSBC was complemented by a £100,000 loan from the Regional Growth Fund, to meet growing demand for the updated process.

The new plant has been full tested and commissioned and is now fully operational.

 

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May 12, 2021

Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing

SustainableManufacturing
BatteryCell
EVs
Automotive
2 min
Ultium Cells LLC and Li-Cycle join forces to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing

Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing

 

What is Ultium Cells LLC?

Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”

Who is Li-Cycle?

Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.

As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”

Why are Ultium Cells LLC and Li-Cycle join forces?

By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.

“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).

"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.

"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.

Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.

"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.

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