Global Leader SK Innovation Expands into International Market with Exclusive Battery Metal Recycling (BMR) Technology
In an exciting development for the battery industry, South Korean energy solutions provider SK Innovation has signed a Memorandum of Understanding (MOU) with global engineering giant KBR. The agreement, signed at the Fastmarkets European Battery Raw Materials Conference 2025 in Lisbon, Portugal, marks SK Innovation's foray into the global market with its proprietary Battery Metal Recycling (BMR) technology.
The collaboration between SK Innovation and KBR is expected to generate royalty revenue for SK Innovation. KBR, with approximately 34,000 employees, a network in over 80 countries, and annual revenues of around USD 7 billion, aims to secure business viability by creating synergy with SK Innovation's BMR technology and licensing capabilities.
SK Innovation has been developing its unique BMR technology since 2017 and has already filed over 100 patent applications for it domestically and internationally. The technology, which has been verified to perform effectively in battery production, can fully meet the EU Battery Regulation's mandatory recovery rates.
In 2021, SK Innovation built a commercial demonstration facility capable of recovering lithium hydroxide from used batteries equivalent to about 800 electric vehicles annually. This technology is a viable solution to constraints in resource acquisition and environmental regulations due to the growth of the global electric vehicle and battery industries, as highlighted by SK Innovation's CTO, Kim Phil-seok.
Gautham Krishnaiah, CTO of KBR, commented on the cost-effectiveness of SK Innovation's lithium recovery technology compared to traditional wet, dry, and carbon reduction technologies. KBR will integrate SK Innovation's BMR technology with its PureLi® high-purity crystallization technology.
The news article is a source of the latest battery news shaping the battery market. It discusses recycling in the context of battery technology and emphasizes the importance of securing battery resources, a topic Kim Phil-seok addressed in his keynote speech at the Fastmarkets European Battery Raw Materials Conference 2025.
At the time of writing, there are no available search results indicating which company has partnered with SK Innovation for licensing its proprietary Battery Metal Recycling technology in the global waste battery recycling industry.
The lithium recovery technology developed by SK Innovation is set to play a significant role in the global battery market, contributing to a more sustainable and cost-effective future for electric vehicles and battery production.
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