May 16, 2020

Scottish beer manufacturer launches funding round for US expansion

BrewDog
Food and Drink Manufacturing
American expansion
Brewdog to expand into the US
Nell Walker
1 min
Scottish beer manufacturer launches funding round for US expansion
Scottish craft beer companyBrewDoghas launched a crowdfunding round to aid its expansion in the US.



The business is hoping to raise $50 million in si...

Scottish craft beer company BrewDog has launched a crowdfunding round to aid its expansion in the US.

 

The business is hoping to raise $50 million in six months for its Equity for Punks USA investment scheme. This is its fifth fundraising scheme and the first American one. 

Brewdog underwent its first round of funding in 2009, and since then it has raised £29 million. The last round, which was to expand the Ellon, Aberdeenshire brewery, fell short of its target.

Construction of a 100,000 square foot Columbus, Ohio brewery is underway and will open later in the year. 

Brewdog has over 40 bars across the UK and overseas, also exporting to 55 countries and employing more than 600 people. 

As reported by the BBC, Brewdog co-founder James Watt said: "Equity for Punks is a completely new business model in the States - it's a revolution in small business finance.

"We're asking beer fans to help us change the face of small business finance in the US and spread our passion for great craft beer.

"Few companies have been so bold as to turn their backs on traditional financial institutions in favour of a brave new world of community-driven business.

"We've pioneered the Equity Punk model in the UK, and now we're bringing our unconventional approach to alternative business stateside."

 

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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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