EcoPro Materials and Green Li-ion Sign LOI for Long-Term Supply of Recycled Battery Materials

According to a joint release, Singapore-based Green Li-ion Pte. Ltd., a company specializing in advanced lithium-ion battery recycling, has signed a Letter of Intent (LOI) with South Korea’s EcoPro Materials Co., Ltd. to establish a long-term supply arrangement for recycled nickel-cobalt-manganese (NCM) hydroxide.

It is reported that EcoPro intends to purchase materials produced at Green Li-ion’s Atoka, Oklahoma facility starting in 2026, with the agreement spanning five years. According to the companies, a mass production trial is already underway, and formal contracts are expected to follow upon the trial’s completion. The agreement will initially cover NCM hydroxide but, according to sources familiar with the matter, may be extended to other recycled battery materials where both parties find mutual benefit.

“This LOI marks a key step in scaling sustainable battery materials,” said Leon Farrant, CEO and Co-founder of Green Li-ion, emphasizing that the deal will require a significant increase in production capacity.

Industry observers noted that the partnership comes at a crucial moment for the global battery supply chain. According to market analysis, the growing demand from electric vehicles and renewable energy storage is pushing companies to secure critical minerals through recycling. It is also reported that upcoming regulations, such as the EU Battery Regulation and U.S. initiatives to strengthen domestic supply, are expected to accelerate the use of recycled inputs. The EcoPro–Green Li-ion collaboration is therefore viewed as a move that could bolster energy security and reduce reliance on virgin mining.

Although the LOI is non-binding, the companies stated that it reflects their good-faith intent to move toward definitive supply agreements. Industry observers noted that the collaboration could contribute to broader efforts aimed at developing a circular supply chain for battery materials.

Source: EcoPro Materials & Green Li-ion