Emerson has been selected by Korea’s SungEel HiTech, a specialist in lithium-ion battery recycling, to provide advanced automation solutions in support of sustainable production and operational efficiency goals at the newest of three lithium-ion recycling plants located at SungEel’s Hydro Center complex in Gunsan, Jeollabuk-do. Through the combination of Emerson’s process automation technology and SungEel HiTech’s unique battery recycling methods, the collaboration aims to establish a robust resource cycle that will help enable a more stable supply of battery materials for electric vehicles in pursuit of bolstering the world’s overall production capacity. “Our automation portfolio and expertise are empowering our customers to optimize and scale the circular economy for critical battery components, a key step toward meeting global net-zero targets head-on,” said Mike Train, Emerson’s chief sustainability officer.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EMR:
- Loop Capital upgrades Aspen Technology to Buy after Emerson discussions
- Emerson Electric invests in Frugal Technologies
- Emerson Electric files automatic mixed securities shelf
- Fly Insider: Emerson, Frontdoor among week’s notable insider trades
- Emerson Electric price target lowered to $105 from $120 at Stephens