Battery Resources, based in Worcester, Massachusetts, made the announcement Wednesday, saying it would take over an existing building in Covington and ramp-up to full operation by August.
The company is betting that the battery supply chain, now concentrated in Asia, is about to spread out to other regions and that its recycling process will be cleaner and cheaper than mining new materials.
“Automotive manufacturers are sitting on mountains of discarded batteries and scrap, and right now they have very few options for responsible and cost-effective disposal,” Battery Resources CEO Michael O’Kronley said in a statement.
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