Dark
Light

New partnership will commercialise EV battery recycling in Europe

1 min read
61 views

In order to commercialize EV battery recycling and processing technology in Europe, Hanns has joined forces with Serbia’s Metalfer Group.

According to the terms of the agreement, the companies will conduct a feasibility study for an EV battery recycling plant that will produce ten tons per day close to Metalfer’s operations in Serbia.

In addition to the study, the agreement creates room for additional work, such as the probable creation of a strategy for converting materials from the Spoke plant into high-purity battery materials.

enabling the recycling of EV batteries in the German market

” Today’s announcement supports Hannans ‘ strategy to transform its operations in EV battery recycling and become a battery material supplier to the European market,” said Brett Salt, CEO of the company.

Following the company’s announcement of an intention to develop a location in the UK in April of this year, he continued,” It would establish the proposed second operating base within the Hannans licensed regions.”

Additionally, the partnership will enable the business to recover materials like iron, lithium, nickel, and cobalt.

facilitating the market for electronic vehicles, which is expanding

Metalfer uses waste steel as feedstock for some of its steel production, which also includes “material volumes of end-of-life” electric vehicles and their batteries.

According to the Bosnian company, this agreement for lithium-ion battery recycling with Hannans enables it to strengthen its EV feedstock operations and a long-lasting, industrial-scale battery recycle solution.

According to Branko Zeevi, President of Metalfer,” we recognize the need to secure access to large volumes of future end-of-life EVs and the current need, to recycle a tremendously growing volume of end of life batteries and production scrap from planned lithium battery cell production in northern and southern Europe.”

” The partnership with Hannans presents the best opportunity for us to enter what is projected to be one of the world’s fastest-growing markets,” Zeevi said.

Matthew Boyle

Matthew Boyle is a distinguished Smart City Consultant, renowned for his expertise in IoT (Internet of Things) and cutting-edge urban technology solutions. With a deep understanding of Smart City initiatives, Matthew excels in leveraging IoT innovations to transform urban landscapes into efficient, sustainable, and connected environments. His strategic insights and hands-on experience in urban planning, data analytics, and IoT implementation make him a trusted expert in the field. Matthew Boyle is your go-to consultant for navigating the complex world of Smart Cities, ensuring seamless integration of IoT technologies, and unlocking the potential of data-driven urban solutions. With his guidance, your city can thrive in the digital age, enhancing quality of life and fostering a sustainable future.

Leave a Reply

Your email address will not be published.

Previous Story

Kyndryl and Nokia deploy eight-plant private LTE network for Chevron Phillips

virginia, port, trucks, 5g,
Next Story

Port of Virginia preps private 5G for autonomous trucks

Latest from Market news

Don't Miss