LICO Materials has inaugurated a cutting-edge lithium-ion battery recycling facility in Bengaluru, marking a significant advancement in India’s electric vehicle (EV) ecosystem.
The plant has an annual in-feed capacity of 4 GWh, with plans to scale up to 10 GWh over the next three to four years.
The growth aligns with India’s ambitious goal of achieving 30% EV adoption by 2030.
Enhancing Recycling Capabilities
LICO Materials plans to invest ₹250 crore in a hydrometallurgy plant. This investment is aimed at strengthening its recycling operations. They will complete the project within the next two to three years.
The facility will focus on recovering high-purity metal salts from the black mass produced during battery recycling.
They will supply the recovered materials to gigafactories and energy storage systems, effectively closing the loop in the battery supply chain.
Annual EV Battery Recycling by 2027
LICO Materials aims to recycle up to 2,00,000 metric tons of electric vehicle batteries annually by 2027.
They set this ambitious target to address the critical supply chain gaps for essential battery materials.
The company’s zero-liquid-discharge recycling process ensures an environmentally sustainable solution for managing battery waste. This helps reduce the environmental impact of EV batteries.
Supporting Clean Energy Transition
According to CEO Gaurav Dolwani, the launch of the new facility is a major step. It aims to reduce India’s dependence on imports for critical battery components.
It will also play a key role in supporting India’s transition to clean energy. Additionally, it will contribute significantly to the country’s long-term sustainability goals.
The initiative aligns with the growing demand for sustainable energy storage solutions. They project the energy storage sector will reach 42 GW by 2032.
Building a Circular Economy for Batteries
The Bengaluru plant is set to support India’s EV revolution and will contribute to the development of a circular economy for batteries.
Experts expect the EV industry to grow by 250% in the coming years. This growth highlights the need for sustainable and scalable recycling solutions.
As reported by manufacturingtodayindia.com, LICO Materials’ efforts will not only boost the EV sector but also ensure the sustainable management of battery waste.
