Marubeni Corporation and Retriev Technologies Inc. have entered into a Strategic Partnership Agreement with the aim of developing a new circular business for End-of-Life Lithium-ion batteries. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. For this partnership, Retriev and Marubeni will also cooperate with a chemical maker possessing highly technical knowledge and expertise cultivated through their experience in rechargeable battery industries. This maker also produces sulphate, battery precursor and cathodes for rechargeable batteries used in both consumer products and electric vehicles. Under the strategic partnership, Marubeni and Retriev will develop a circular business model for Battery to Battery Closed Loop Recycling in the battery industry, and contribute to improving the sustainability of global society through the development and promotion of new circular businesses in the market.