Green Li-ion has signed a Green Trade Loan with HSBC

(SINGAPORE) – Green Li-ion, a lithium-ion battery recycling company has signed a Green Trade Loan with HSBC, our key banking partner. The financing will support Green Li-ion's continued development and deployment of its innovative solutions in markets in Southeast Asia, Europe, and North America.

Green Li-ion provides modular battery recycling units that manufacturers and recyclers can integrate into existing on-site processes. Once installed, they can process up to 24 metric tons of end-of-life batteries per day (up to 30,000 EV batteries or 280,000 iPhone batteries per year) to instantly produce precursor cathode active material (pCAM) at battery grade.

HSBC’s Green Trade Loan [1] is designed to support businesses that develop new solutions to address our clients’ sustainability goals, and help fund a variety of projects, including developing sustainable or recycled products.

“Green Li-ion’s technology is addressing an emerging need for battery manufacturers around the world to secure access to their critical mineral supply. Deploying battery recycling technology not only strengthens supply chains, but creates a more sustainable electrification economy,” said Leon Farrant, CEO of Green Li-ion. “The financing from HSBC will allow us to continue our mission to make battery manufacturing less carbon intensive and more profitable worldwide.”

Li Lian Ng, Head of Mid Market Enterprises, HSBC Singapore said, “We are delighted to support Green Li-ion’s expansion across the region and their efforts to help make battery manufacturing less carbon intensive. We are here to provide financial support to businesses which are developing innovative solutions that help tackle climate change.”

With around 95% of lithium-ion batteries not containing recycled materials globally, Green Li-ion is the world’s first and only technology provider for commercial-scale conversion from black mass to cathode material. The company expects to begin production operations globally in Q1 of 2024.

How is Singapore’s Green Li-ion closing the loop for sustainable battery production? | Insights | HSBC

About Green Li-ion

Green Li-ion is a lithium-ion battery recycling technology provider producing modular hardware solutions that convert spent batteries into battery-grade cathode and anode material. Based in Houston, Singapore and Australia, Green Li-ion is building domestic, circular supply chains for critical minerals in North America and elsewhere, allowing manufacturers to add on-site battery recycling capabilities. With global battery material supply chains under pressure, Green Li-ion allows its partners to extract these valuable commodities in a reliable, cost effective, and environmentally sound way. Green Li-ion recently secured over $36.9 million in funding  from major international investors such as TTV (the investment arm of PETRONAS Ventures),

Equinor Ventures, SOSV, EDP, Banpu NEXT, TES, ER-V, TRIREC, and others. 


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About The Hongkong and Shanghai Banking Corporation Limited

The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of $3,021bn at 30 September 2023, HSBC is one of the world’s largest banking and financial services organizations.

[1] Green Financing Solutions for Sustainable Businesses - Sustainable Financing for SMEs| HSBC Business Singapore

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