E-waste recycling company Eco Recycling (Ecoreco) has joined forces with the Centre for Materials for Electronics Technology (CMET), under India’s Ministry of Electronics & Information Technology (MeitY), to introduce a cost-effective lithium-ion battery recycling technology for the efficient recovery of valuable elements from discarded li-ion batteries.
CMET developed the lithium-ion battery recycling technology in partnership with the government of Telangana and industry partner Greenko Energies. The technology can process various types of discarded Li-ion batteries, recovering more than 95% of the lithium (Li), cobalt (Co), manganese (Mn), and nickel (Ni) contents in the form of their respective oxides or carbonates with a purity of around 98%.
“With this innovative technology now at their disposal, Ecoreco is primed to recover valuable elements such as cobalt, nickel, manganese, and more from Li-ion Batteries. This achievement marks a significant departure from the previous practice of exporting the black mass for element recovery. Instead, India is poised to develop its own capacity for retaining these precious metals, contributing to the nation’s self-reliance and promoting the manufacturing of new products within the country,” stated Ecoreco.
According to a report published by JMK Research, India’s lithium-ion battery market is projected to witness substantial growth over the next five years. The annual lithium-ion battery market is anticipated to grow annually at 37.5%, reaching a staggering 132 GWh in 2030. The cumulative market size is expected to escalate from 2.9 GWh in 2018 to approximately 800 GWh by 2030.
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