Attero Recycling, India’s largest electronic waste recycling and the world’s largest Li-ion battery recycling company, today announced that it will invest INR 600 crore to set up a state-of-the-art integrated lithium-ion battery recycling factory in Telangana.
The new facility will be spread over 50 acres and will increase Attero’s Li-ion battery recycling capacity to 19,500 MT by the end of 2023 from its current capacity of 4,500 MT.
Attero has signed a Memorandum of Understanding (MoU) with Telangana Government on the proposed investment that will strengthen the li-ion battery recycling ecosystem in the country.
“Telangana is an ideal location as it is a hub for the EV industry and is creating a favorable environment for the adoption of zero-emission vehicles,” said Nitin Gupta, CEO and co-founder of Attero Recycling.
Attero expects the new facility to provide direct employment to over 400 people and over 1,100 indirectly.
Gupta said their plant in Telangana will be the world’s most advanced li-ion battery recycling facility. This facility will increase the company’s current capacity to recycle more Li-ion batteries in an environment-friendly manner. With Attero’s technology, it will also maximize the recovery of battery materials like cobalt, lithium, nickel, graphite, manganese, and copper.
Attero utilizes proprietary and globally patented Avant-grade recycling technologies with the world’s highest recycling efficiency rate of 98%. It has been successfully recycling all kinds of end-of-life Li-ion batteries (lithium-iron-phosphate, nickel-manganese-cobalt, lithium-cobalt-oxide, lithium-titanium-oxide, lithium manganese oxide, etc), factory waste, and black mass and extracting pure battery-grade lithium carbonate, cobalt, graphite, nickel, manganese among others. The extracted materials are sold in the market to ensure a healthy circular supply chain.
Attero claims to be the only company in the world to be approved by the United Nations Framework Convention on Climate Change for safely reducing carbon emissions from recycling e-waste and Li-ion waste.
Attero recently announced its international expansion plans including India. The company intends to recycle 300,000 tonnes of lithium-ion batteries within the next five years, with 35% of this recycling capacity planned in Europe, 35% in the United States, 20% in India, and 10% in Indonesia.
The global recycling industry is projected to reach $22.8 billion by 2030, up from $4.6 billion currently, expanding at a CAGR of 19.6%. With the planned capacity expansion, Attero expects to meet 15% of the global demand for Li-ion, 15% of the global demand for cobalt, and 15% of the global demand for graphite.
Attero was founded by Rohan Gupta and Nitin Gupta in 2008. It has been granted 32 global patents for its technology and has applied for more than 200.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.