India’s e-scrap leader Attero Recycling is investing US$ 1 billion (EUR 933 million) tackling the electric vehicle (EV) waste stream. The company plans to set up dedicated recycling plants in Poland, the US and Indonesia in the next five years.
Construction on the first site in Poland is scheduled to begin shortly and be operational by the end of the year, Aterro has told Reuters. The US e-mobility hub, to be located in Ohio, will open doors in the third quarter of 2023 while the site in Indonesia will come online in early 2024.
The main objective is to increase the company’s annual lithium-ion battery processing capacity from 11 000 tonnes to 300 000 tonnes by 2027. Company ceo Nitin Gupta hopes this will help meet 15% of the world’s demand for EV metals, such as lithium, cobalt, nickel, graphite and manganese.
At the moment, Attero’s extraction rate is about 98%. The recycler relies on chemical methods to recover the valuable metals rather than using the more expensive smelting process.
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