Recycling batteries is a must. a market that is growing rapidly and that will be; more and more important in the future. Among the most important companies active in this sector there is; certainly Redwood Materials of which we already have; talked about several times in the past. In recent days, this company has announced an important expansion project which provides for the creation of a new Battery Materials Campus which will rise in the center of the city. just outside of Charleston, South Carolina.
So, at Camp Hall in Berkeley County, this company is a company that has been working for a long time. will go to create a structure within which it will recycle and will give new life to the cathode and anode materials of batteries. A project that envisages a total investment of 3.5 billion dollars and which will allow the going to create about 1,500 new jobs.
Once fully operational, within this Campus it will be possible to to produce 100 GWh per yearof cathodic and anodic products coming from the activities of the; of recycling of batteries. According to Redwood Materials, it will be enough to produce one million electric vehicles. The construction of the plant will begin at the end of the year. in the first quarter of 2023. If there are no hitches, the activities will be completed. they should leave by the end of next year.
IMPORTANT PROJECT FOR THE AMERICAN BATTERY INDUSTRY
Obviously, the new Campus will be; powered only by energy from renewable sources. This project by Redwood Materials will be; very important also for the growth of the American battery supply chain, to reduce dependence on China. It is not for nothing that this structure will rise in the future. within the "Battery Belt" American, that is; an area between Michigan and Georgia where several hundred GWh of batteries are expected to be produced by 2030.
In fact, without the material for accumulators produced by the companies; of recycling, highlights Redwood Materials, companies that will build batteries in the United States would be forced to spend over 150 billion dollars, by 2030, to buy these elements abroad.
Finally, Redwood Materials let it be known that the new Campus will be; structured to be already; ready for the future. Therefore, it will be Is it possible to increase the capacity easily? based on future market demands.
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