EcoPro Materials and Green Li-ion Announce LOI to Establish Long-Term Strategic Partnership for Recycled NCM Hydroxide Supply

Collaboration to Bolster Sustainable Li-ion Battery Supply Chain Starting 2026

SINGAPORE and POHANG, South Korea, Sept. 19, 2025 /PRNewswire/ -- Green Li-ion Pte. Ltd., a leader in lithium-ion battery recycling, and EcoPro Materials Co., Ltd., a specialist in battery precursor production, today announced the signing of a Letter of Intent (LOI) to establish a strategic partnership. The agreement outlines EcoPro's intent to purchase NCM hydroxide produced from recycled Li-ion battery waste at Green Li-ion's U.S. facility in Atoka, Oklahoma.

Under the LOI, Green Li-ion will supply recycled battery material to Ecopro for the next 5 years starting in 2026, which will underpin a significant expansion in the Atoka facility's production volume. As the first step in this partnership, a mass production trial is being currently completed, after which long-term supply agreements will be duly agreed subject to final commercial agreement. The scope of the agreements will begin with NCM Hydroxide supply and may expand to include other battery materials where mutually acceptable.

"This LOI marks a key step in scaling sustainable battery materials," said Leon Farrant, CEO and Co-founder of Green Li-ion. "Partnering with EcoPro strengthens the circular economy for Li-ion batteries. This substantial agreement is a major milestone, requiring us to significantly increase production capacity for the next phase of serious ramp-up."

The non-binding LOI reflects both parties' good-faith intent to execute long-term supply agreements.

About Green Li-ion

Green Li-ion is a lithium-ion battery recycling technology company headquartered in Singapore, with a commercial-scale plant in Atoka, Oklahoma, USA. It develops modular solutions using GREEN HYDROREJUVENATION™ technology to convert spent batteries into cathode and anode materials like GREENpCAM, graphite, and lithium carbonate, promoting efficient reclamation of e-waste.

About EcoPro Materials

EcoPro Materials Co., Ltd., based in Pohang, South Korea, specializes in producing high-quality precursors for high-nickel cathode materials in secondary batteries. As part of EcoPro Group, it leverages core technologies in particle control and metal management to deliver world-class, eco-friendly battery components.

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SOURCE Green Li-ion