An electric vehicle battery recycler has chosen Chester County to establish its first South Carolina operations.
Princeton NuEnergy, a clean technology company, will invest $11 million in a new facility that will create 41 new jobs, according to a news release from the South Carolina Department of Commerce.
PNE’s 25,000-square-foot facility, located at 564 Ecology Lane in Chester, will recycle lithium-ion batteries from EVs and manufacturing scrap to produce advanced blackmass and rejuvenated cathode active material, according to the release.
“Princeton NuEnergy is excited to establish the first Cathode Active Material (CAM) direct recycling manufacturing center in South Carolina. We will utilize our innovative pre-processing and Cathode-to-Cathode technologies we have developed for lithium-ion battery direct recycling and critical materials recovery,” Princeton NuEnergy Co-Founder and CEO Chao Yan said in the release. “The advanced blackmass and rejuvenated battery-grade cathode active materials will play a crucial role in achieving a true domestic circular economy and supporting the growing number of auto manufacturers transitioning to electric vehicles.
“South Carolina is rapidly becoming a leader in the EV industry, and we are a proud partner with the state and Chester County on this transformative journey.”
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Founded out of Princeton University in 2019, PNE recycles lithium-ion batteries from electric vehicles (EVs), consumer electronics, energy storage batteries and manufacturing scrap, the release stated. The company’s patented direct recycling technology enables the production of high-quality battery materials to be produced at a lower cost and environmental impact than traditional recycling processes.
Operations are expected to be online in the third quarter of 2024
The Coordinating Council for Economic Development approved job development credits related to the project, according to the release. The council also awarded a $500,000 Rural Infrastructure Fund grant to Chester County.
“Congratulations to Princeton NuEnergy on selecting Chester County for their first cathode active material direct recycling manufacturing center,” Chester County Council Chairman Joe Branham said in the release. “Several of our council members were able to tour their pilot production line in McKinney, Texas and witness the technology first-hand. Their inventive solutions are impressive and showcase the company’s commitment to sustainable development and safety. We continue to see growth opportunities with EV-related projects.”
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