Updated: Jul 7
Rechargeable lithium batteries are very promising candidates for next-generation power sources because of their high gravimetric and volumetric energies with respect to other cell chemistries.
Demand for recycling lithium batteries is expected to become viable in six to seven years,
Gravita India Ltd., India’s largest battery recycling company, is entering the electric vehicle battery recycling business, according to the CEO of Gravita India, Yogesh Malhotra
According to the International Energy Agency, 100-120 GWh of electric vehicle batteries will be retired by 2030, a volume roughly equivalent to current annual battery production. Without effective measures to address such volumes, this can become a significant environmental liability, it said. Spent batteries can be channeled to second-use or recycling with the aid of policies that help to steer these markets towards sustainable end-of-life practices, the IEA said.
Gravita India is setting up a recycling plant in Mundra in Gujarat, which will become operational by August 2021. Smelting and refinery facilities for battery recycling will be available at this plant.
“We already have recycling facilities in Jaipur, Jammu, Gandhidham, and Chittoor in Andhra Pradesh. After the establishment of this plant, imported raw material will be recycled in Mundra and will be exported back from there,” Malhotra said. “Scrap from Africa, which was earlier imported to India, will now be consumed by our four African recycling facilities in Ghana, Tanzania, Senegal, and Mozambique, resulting in further savings in logistic costs and reduction of the working capital cycle.”
On the company’s borrowings, Malhotra said that Rs 17 crore had been paid last year and debt will be furth