XProEM was founded in Toronto, Ontario, where our leadership team has been involved with developments in the LIB recycling industry and related technology since 2013.
The core team is composed of scientific research experts, engineering specialists, project managers and investment professionals, united by a common entrepreneurial spirit, confidence in our technical strength, and a strong belief in our overall vision and strategy.
Our mission is to develop a disruptive clean technology and business solution to sustainably tackle the imminent problem of recycling spent EV LIBs.
If not properly handled and recycled, spent EV batteries can be toxic and hazardous
Potential for highly profitable recovery of valuable metals (Cobalt, Nickel and Lithium)
Closing the loop with reuse of battery materials. Image promotion of the EV industry and brand recognition through engagement in battery recycling
Without recycling, a shortage of supply in several key raw materials could be faced
Market players are assigned or delegated with the responsibility of EV battery recycling by government regulations globally
Closed loop economy enabled by innovative clean technology
According to the IEA’s Global EV Outlook (2019), the number of EVs on roads globally is expected to exceed 145 million vehicles on the road by 2030, with China contributing to over 50% of new EVs manufactured.
With current battery technology, the usable life of LIBs for EV applications is in the range of 5-7 years, resulting in a large number of spent LIBs after the battery packs in EVs are retired. The wave of retiring batteries represents the amount of batteries requiring appropriate recycling.