Singapore-based GLC Recycle, a prominent recycling facility operator in Laos, has announced a strategic agreement with Xiamen, China-based XTC New Energy to supply 10,000 metric tons of lithium carbonate over the course of three years. Describing XTC New Energy as a leading Chinese manufacturer specializing in new energy materials, GLC Recycle underscores the collaboration’s focus on promoting closed-loop recycling practices and efficient battery resource utilization.
Utilizing what it terms “AI-powered technology,” GLC Recycle specializes in recycling used batteries and electronic scrap. The company’s innovative process generates traceable, low-carbon eco-battery raw materials, aligning with its mission to establish a more sustainable battery ecosystem. Yang Mingdong, CEO of GLC Recycle, emphasizes the partnership’s potential to offer environmentally friendly battery solutions while contributing to China’s carbon neutrality objectives.
Yang Jinhong, board chair of XTC New Energy, expresses enthusiasm about the collaboration, noting the intention to leverage each party’s strengths to develop a more circular and responsible battery supply chain. This strategic partnership, according to Jinhong, not only benefits the environment but also enhances XTC New Energy’s position as a leading provider of sustainable new energy materials.
Under the terms of the agreement, XTC New Energy gains the opportunity to purchase a minimum of 10,000 metric tons of crude lithium carbonate produced by GLC Recycle from used battery recycling over the next three years. This initiative underscores GLC’s commitment to promoting environmentally conscious practices within the battery industry.
XTC New Energy, specializing in the research, development, production, and sale of cathode materials for lithium-ion batteries, operates across various regions, including China, Australia, and Chile. The company’s involvement in the lithium-ion battery sector positions it strategically in a global market witnessing growing demand for sustainable energy solutions.
Established in 2022, GLC Recycle operates a processing facility in Laos with the capacity to produce 4,500 metric tons per year of recycled-content lithium carbonate, along with 24,000 metric tons per year of recycled-content nickel and cobalt hydroxide. The facility’s capabilities align with the industry’s increasing emphasis on responsible sourcing and recycling of critical materials in the battery supply chain.
The collaboration between GLC Recycle and XTC New Energy signifies a mutually beneficial relationship aimed at advancing sustainable practices in the lithium-ion battery industry. By leveraging their strengths in recycling and manufacturing, the two companies seek to promote the circular economy and support China’s aspirations for carbon neutrality. As they strive to develop more environmentally friendly battery solutions, this partnership exemplifies the industry’s commitment to innovation and responsible resource management.