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Retriev's North American operations provide a unique platform for the launch of this partnership, with battery recycling and sorting facilities located in Lancaster, OH, Baltimore, OH, and Trail, British Columbia. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades, processing lithium batteries for over 30 years. Ohio, United States of America (2 factories . Stock image. The partnering company will serve the entire battery lifecycle, from pickup and transportation to critical material recovery and reuse. We also specialize in economic news. Canada (1 factory) While a new recession may strike a particular industry, measuring the industry and company's . HOBIs Mobile Device services group focuses on the resale and recycling of cellular assets. Funding, Valuation & Revenue. Founded Date 1965. Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization. Your email address will not be published. 0.03 . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The global Battery Recycling market size was valued at USD 9582.44 million in 2022 and is expected to expand at a CAGR of 5.59% during the forecast period, reaching USD 13280.07 million by 2030. For this partnership, Retriev and Marubeni will also cooperate with a chemical maker possessing highly technical knowledge and expertise cultivated through their experience in rechargeable battery industries. Stock analysis for Labrador Resources Inc (LTX:Venture) including stock price, stock chart, company news, key statistics, fundamentals and company profile. October 6th 2021 saw KULR stock announce the expansion of its share in the safe battery transportation market share. The opportunity to deliver upon North Americas need for an end-of-life reuse solution for batteries that involves critical materials recycling at scale creates an extremely competitive value chain for the United States, said David Klanecky, CEO, Retriev Technologies. About The Heritage GroupFounded in 1930, The Heritage Group (THG) is a fourth-generation, family-owned business managing a diverse portfolio of companies specializing in heavy construction and materials, environmental services, and specialty chemicals. Copyright 2023 CB Information Services, Inc. All rights reserved. We have comprehensive plans to continue toinvest in and grow the company's product suite and capabilities. Personalize which data points you want to see and create visualizations instantly. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries. "Retriev has processed more lithium-ion batteries than any other participant in this market. Find company research, competitor information, contact details & financial data for Retriev Technologies Ltd of Trail, BC. Contact Email info@retrievtech.com. For more than 30 . (*2) Precursor: In the battery materials industry, this term refers to the material used before calcination process, that will be processed into cathode. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. It is calculated by dividing a company's price per share by its earnings per share. Learn more. Amount. Retriev's reputation is built on research, knowledge, compliance and responsible battery recycling and management services. Grant Accountant. Retriev Technologies Inc. and HOBI International, Inc. Retriev remains the only U.S. facility that was funded by the U.S. Department of Energy to construct a dedicated recycling facility for recycling hybrid and electric vehicle batteries. This transaction solidifies the retention of strategic material handling technology and capability to domestically support the manufacturing sector, including US-based OEMs who are investing at unprecedented levels to support the conversion to electric vehicles. The growing need for recycling lithium can be attributed to the . About Retriev Technologies. The combined knowledge and experience in battery recycling and reuse, collection and transportation, safety and environmental compliance serves as an unmatched platform to responsibly support the rapidly growing battery space. The company has developed a range of recycling technologies to safely recycle different types of batteries. Marubeni has combined this experience with technical knowledge, expertise and a global network in this sector. Compare how recession-proof Retriev Technologies is relative to the industry overall. This development will provide a safe and cost-effective solution for their customers in the storage and transportation of lithium batteries for recycling. We have comprehensive plans to continue toinvest in and grow the company's product suite and capabilities. Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Adding HBR and its affiliation with Heritage's environmental services expertise and network of fully permitted collection facilities and transportation assets will allow us to further differentiate Retriev as a single solution for all battery management needs.". Delayed Japan Exchange For more information, visit www.SolvedByRetriev.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/retriev-technologies-combines-with-heritage-battery-recycling-creating-the-largest-lithium-ion-battery-recycler-in-north-america-301393666.html, Plus500. The position of the CEO is occupied by Steve Kinsbursky. Battery Solutions brings added processing, sorting, fulfillment, logistics and storage solutions with their 95,000-square-foot facility in Wixom, Michigan, and a 60,000-square-foot facility in Mesa, Arizona. Next-generation carbon fiber heat management solutions for batteries and electronic systems are developed, manufactured, This helps the company meets a large, underserved area of need for Retriev, thereby enabling its customers to ship batteries safely back to the company for recycling. Adding HBR and its affiliation with Heritage's environmental services expertise and network of fully permitted collection facilities and transportation assets will allow us to further differentiate Retriev as a single solution for all battery management needs.". View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005988/en/, Singapore bank DBS reports Q1 profit jumps 43% to new high, Qantas to appoint CFO Vanessa Hudson as its new CEO, Air Lease says aircraft delivery delays to persist for years, LIVESTOCK-Lean hogs down on profit taking, technicals after one-month highs, Asian finance leaders to debate beefing up market safeguards, Exxon Mobil not quitting exploration in Brazil, QUOTES - US Treasury's new June 1 debt ceiling X-date, British royals release photo of a beaming Princess Charlotte, U.S. HOUSE SPEAKER MCCARTHY: THERE IS A BILL SITTING IN THE SENA, U.S. HOUSE SPEAKER MCCARTHY: THE SENATE AND THE PRESIDENT NEED. As hands on collaborative consultants and custom solution providers, KBI is known for knowledge, environmental integrity, proprietary technologies, service excellence and custom recycling programs that push the envelope of possibilities for sustainability that sets them apart from the competition. All rights reserved. KBI is the ultimate downstream recycler that the industry trusts. The transaction included participation from new investor, Heritage-Crystal Clean, Inc. Copyright 2023 Surperformance. When Heritage Battery Recycling, Retriev Technologies, and Battery Solutions merged in June to become Cirba Solutions, it was a deal six years in the making, . Secure and increase the performance of your investments with our team of experts at your side. Moving forward, Heritage Battery Recycling will operate under the Retriev Technologies brand. The combined knowledge and experience in battery recycling and reuse, collection and transportation, safety and environmental compliance serves as an unmatched platform to responsibly support the rapidly growing battery space. 2. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. "Our mission to bring a sustainable model of closed loop recycling for critical materials that are necessary for the North American supply chain is one step closer to a reality with this merger. Announcement of Strategic Partnership between Retriev Technologies and Marubeni Corporation. Battery Solutions sophisticated cross-chemistry collection, exceptional battery-centric logistics network, largest end-of-life battery sorting services in North America, and customer-centric approach to end-of-life battery management complements Retrievs long heritage as the oldest and largest lithium-ion battery processing operation. The rapid electrification of the U.S. consumer, commercial, and industrial business sectors, requires rapid response and structuring from experienced members of the recycling industry. Umicore Group (UMICY) Umicore is far less speculative than Li-Cycle, although it is not a pure-play lithium-ion recycling company. Marubeni Corporation and Retriev Technologies Inc. have entered into a Strategic Partnership Agreement with the aim of developing a new circular business for End-of-Life Lithium-ion batteries. 773.621.2893, Internet Explorer presents a security risk. Shane Thompson will serve as President of the combined company. The end-of-life management and recycling of these batteries is critical for environmental safety and sustainability, and it must be addressed now, said Rick Rose, Vice President of Retriev Technologies Ohio Corporate Headquarters. INDIANAPOLIS (March 9, 2022) - Retriev Technologies, the most comprehensive lithium battery recycler in North America and the pioneer in end-of-life battery management, has acquired Battery Solutions, the North American leader in sustainable, end-to-end management solutions for end-of-life batteries and consumer electronics.The combined offering brings two complementary industry leaders . "Over 7 million electric vehicles were sold in the last decade, and as production of new models ramp up and older models near end of life, the need for recycling and reuse solutions has never been greater," Laborsky observed. Last October, Retriev combined with Heritage Battery Recycling to form the largest lithium-ion battery recycler in North America. Company Type For Profit. With over 30 years of commercial operations, Retriev represents the only long term North American lithium-ion battery recycling operation. Save my name, email, and website in this browser for the next time I comment. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Retriev Technologies Inc. is a private company that has been in the industry for 38 years. Nogin Inc. (NASDAQ: NOGN) is experiencing a significant surge in its stock price, with its, Pliant Therapeutics Inc (NASDAQ: PLRX) has seen a significant increase in its stock price during, In Thursdays after-hours trading, shares of Steakholder Foods Ltd. (NASDAQ: STKH) rose 6.36% to $1.17, After announcing cooperation, Kazia Therapeutics Limited (NASD: KZIA) is climbing the charts today, up 7.29%, 2022 All rights reserved!

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