Korea-based battery recycler construction facility in Georgia

ATLANTA — A lithium-ion battery recycler and feedstock supplier will build its first U.S. recycling facility in Georgia.

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Governor Brian P. Kemp announced that lithium-ion battery recycler and raw material supplier SungEel Recycling Park Georgia, LLC., will locate its first U.S. recycling facility in Georgia. A subsidiary of Korea-based global industry leader SungEel HiTech Co., Ltd., the company will invest more than $37 million in the new facility and create 104 jobs in Stephens County.

“Georgia recently announced record numbers for fiscal year 2022, and companies like SungEel are proof that the rapidly growing electric mobility ecosystem continues to generate new jobs for hard-working Georgians across the state. “said Governor Brian Kemp. “Korea has been a key partner in Georgia’s growing sustainable technology industry, and I’m thrilled that SungEel chose Peach State for its first US facility. Welcome to Georgia!

With more than 10 years of patented technology, SungEel specializes in complete recycling technology using 100% complete circulatory system. This system, which recycles end-of-life batteries and battery manufacturing waste, has a metal recovery rate of over 95%. Metals recovered include nickel, cobalt and lithium.

“SungEel HiTech’s entry into Georgia is the final piece of the puzzle to build a sustainable Georgia electric vehicle supply chain ecosystem,” said Suk Jae Yim, representative of SungEel Recycling Park Georgia. “SungEel Recycling Park Georgia will take full responsibility for building an environmentally responsible American industrial ecosystem in accordance with the expectations of the State of Georgia and Stephens County.”

SungEel Recycling Park Georgia’s new facility will be located in Hayestone Brady Business Park, a Georgia Ready for Accelerated Development (GRAD) certified site, in Toccoa. The GRAD program is a proactive effort by Georgia’s economic development community to develop a portfolio of available sites ready for accelerated development. Operations are expected to begin in early 2024. Over the next few years, the company will hire technicians, operators, administrative and commercial positions. Those interested in learning more about SungEel should visit www.sungeelht.com/en or contact [email protected]

“It has been a pleasure working with SungEel HiTech over the past eight months and learning more about the company and its processes. This is an exciting time for Toccoa-Stephens County and a solid boost for our local labor market,” said Brian Akin, Chairman of the Stephens County Development Authority. “The investments we’ve made in infrastructure, workforce development and education have all been important factors in the selection process, and we couldn’t be happier with their decision to expand here. We look forward to working alongside them for years to come.”

Korean Investment Manager Yoonie Kim represented the Georgia Department of Economic Development (GDEcD) on this competitive project in partnership with the Stephens County Development Authority and Georgia EMC.

“SungEel is a leading sustainable technology company, and we believe SungEel’s proximity to other members of Georgia’s electric mobility ecosystem will lead to incredible success,” said GDEcD Commissioner Pat. Wilson, when meeting with SungEel in Korea this week. “Creating the jobs of tomorrow and protecting the opportunities of today means preparing key industries, like the automotive industry, for the next technological revolution. We are grateful to our partners in Stephens County for their investment in speed-to-market solutions such as site preparation, and we are excited to welcome SungEel to Georgia.

Georgia’s prime location, extensive infrastructure, skilled workforce and conducive business climate have made it an attractive location for a wide range of rapidly developing industries focused on creating a sustainable future. . Georgia is cultivating a vertically integrated supply chain that will help businesses increase efficiency by reducing reliance on imported materials. Electric vehicle projects have brought more than $13 billion in investment and more than 18,100 new jobs to Georgia since 2020.

About SungEel HiTech Co., Ltd.
SungEel HiTech Co., Ltd. (KOSDAQ, KQ 365340) is headquartered in Korea and has become a global leader in lithium-ion battery recycling and raw material supplier under the vision of Finite Resources to Infinite Resources. SungEel HiTech currently operates installations in South Korea, China, Malaysia, India and Hungary, with new installations underway in Poland and Germany. The company’s goals are to further improve the environment and create value for customers, shareholders and communities through innovation in recycling technologies, materials processing and products. Learn more at www.sungeelht.com/en.