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Since the first vehicle was invented, batteries have been employed as a backup power source. Battery-powered electric cars on the market are propelled by traction batteries or electric vehicle batteries. The battery of an electric car is a secondary (rechargeable) battery.
It is propelled without the need of a combustion engine thanks to the chemical energy it stores in rechargeable battery packs. When these batteries approach their “end of life,” a fresh one is then installed.
When these batteries approach their end of life, the precious components inside each one may be collected and repurposed to make the best use possible of the limited amount of metal resources. When these batteries approach the end of their useful lives, it is possible to salvage aluminium, cobalt, nickel, lithium, and other metals.
The Europe EV Battery Recycling Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In Fredrikstad, Norway, Hydrovolt, the biggest battery recycling facility in Europe, has opened for business. A joint venture between two Norwegian businesses—Northvolt, a battery manufacturer, and Hydro, one of the biggest aluminium producers in the world, is responsible for the construction of the facility in Sweden and Germany.
A total of 25,000 electric vehicle batteries, or 12,000 tonnes of battery packs, may be processed annually at the new battery recycling plant. For the time being, this will cover the whole end-of-life battery market in Norway.
Plastics, copper, aluminium, and the “black mass,” a powder holding the different components inside lithium-ion batteries (nickel, manganese, cobalt, and lithium), according to Hydrovolt, may all be recovered to a 95 percent degree.
In Schwarzheide, Germany, BASF plans to construct a large-scale black mass battery recycling facility. This investment supports BASF’s Schwarzheide cathode active materials (CAM) production and recycling hub.
Given that Central Europe is home to several EV vehicle manufacturers and cell makers, the region is ideally situated for the expansion of battery recycling activities.
Battery recycling is a crucial tool for lowering the carbon footprint of battery-powered cars and is essential to achieving the high, circularity-driven policy standards anticipated under the proposed EU Battery Regulation.
They will examine lithium-ion battery recycling effectiveness as well as goals for material recovery and recycled content for nickel, cobalt, and lithium. The method of recycling batteries begins with black mass manufacturing, which is based on mechanical processing.
