Electonics recycler TES has announced investment in battery recovery to boost its annual capacity from the current 15 000 tonnes to 40 000 tonnes. TES has
What happened
TES has facilities in Singapore, France, and Shanghai in China and is planning to add production capabilities in Gyeongju, Korea; Rotterdam, Netherlands; Yancheng, China; Newcastle, Australia; and Hungary and Kentucky, USA.
Why it matters
‘The three most important factors for winning the waste battery recycling market are a dense collection network to secure future waste battery volumes, a prime location as a hub, and internalization of rare metal extraction technology,’ says John Oh, chief strategy officer for TES.
‘Together with our parent company, SK ecoplant, we are in a strong position on these points and are well positioned for the global market.’
Demand tripled Demand for lithium-ion batteries used in hybrid and electric vehicles tripled between 2020 and 2020, according to the International Energy Association.
This news brief is based on reporting published by Recycling International on 2023-12-19. The original report is linked below.
Recycling International
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