NEO Battery Materials Ltd. announced a collaboration agreement with INNOX eco-M, a company renowned for its innovative silicon recycling process and a subsidiary of a leading Korean chemical materials company, INNOX Holding Corp. Under this collaboration, NEO Battery Materials will jointly develop silicon anode products by integrating INNOX eco-M?s high-purity recycled silicon and silicon-oxide powders as the raw material. Main collaboration priorities will include: Enhancing electrochemical performance, including increased capacity and efficiencies; Reducing overall manufacturing costs with low-cost precursors; and Commercializing a sustainable, ESG-friendly anode product.

The collaboration is also expected to contribute towards a more circular economy with improved supply chain resiliency. With most silicon sources manufactured in China, INNOX eco-M will help NEO Battery Materials diversify its supply chain dependency and secure a long-term, low-cost supply of silicon inputs. INNOX eco-M supplies various manufacturing companies in the battery and chemical materials industry.

It operates three facilities in South Korea and China and plans to expand its silicon-oxide powder manufacturing capabilities in Vietnam. INNOX eco-M mainly recycles waste slurry created from semiconductor and solar wafer cutting and flattening processes.