Recycling-technology – EV-battery-recycling 24-02-2022 - Arhive
Recycling-technology – EV-battery-recycling
Crude Oil Prices Trend
-Redwood Materials launches new EV battery recycling program in California
Redwood has launched an electric vehicle battery recycling program, beginning in California, to establish efficient, safe, and effective recovery pathways for end-of-life hybrid and electric vehicle battery packs. Ford Motor Company and Volvo Cars are the first automakers to directly support the program, but Redwood will accept all lithium-ion (Li-ion) and nickel metal hydride (NiMH) batteries in California. Redwood will welcome other automakers who wish to join the program.
To make electric vehicles sustainable and affordable, pathways for end-of-life battery packs to be collected, recycled, and remanufactured into new battery materials need to be created. Recycling-technology – EV-battery-recycling
Scaling production of EVs, increasingly from recycled materials, is how Redwood can create a circular, sustainable, and secure supply chain to meet the US’ electrification plans. While the first major wave of end-of-life electric vehicles is still a few years away, Redwood and the company’s initial partners at Ford and Volvo are committed to creating these pathways now.
Annually, 6 GWh of lithium-ion batteries, or the equivalent of 60,000 EVs, come through Redwood’s doors. The company has been accelerating its processes in preparation for the first wave of these vehicles to come off roads and is ready to support the battery market in identifying and creating pathways to collect battery packs.
California has been at the forefront of the transition to electric transportation and has one of the largest electric vehicle markets. When the first major wave of EVs begins to retire from roads, it will happen in California. Recycling-technology – EV-battery-recycling
When Redwood first partnered with Ford last, the company shared that its initial workstream was to collaborate to determine how to create pathways together for Ford and Lincoln electrified vehicles to come off the road at the end of their lives and be recycled and manufactured into battery materials to make more locally manufactured electric vehicles. Volvo, while a new relationship, is similarly focused on ensuring responsible and secure pathways for end-of-life batteries.
–Braskem: Growth Stock Moving In Line With ESG Commitments
- Braskem’s share price return outpaced the S&P 500 index at 15% in the 1-year analysis. Recycling-technology – EV-battery-recycling
- Braskem’s investment in an advanced recycling technology by Nexus Circular shows the company’s commitment to fulfil its ESG goals.
- Recycling of plastic bottles in the US was ranked least as compared to other materials indicating a deficit in the sector despite the overall benefit analysis.
- Prices of polyethylene are yet to reach their 2017/ 2018 levels when they were more than $1,200.
Global companies dominating the petrochemical market include Arkema (OTCPK:ARKAF), Braskem (BAK), Exxon Mobil (XOM). PetroChina Co. (PTR) and LyondellBasell Industries (LYB). Among the products desired, Polyolefins are the most common types of thermoplastics that form a growth area for petrochemicals. They are versatile with a broad spectrum of end-use applications such as plastic sheeting and pipes. Recycling-technology – EV-battery-recycling
They are also used for making bottles, films, pouches, bubble wraps, etc.
Research showed that just 20 publicly-listed companies produce more than half of single-use plastic items thrown away globally. As of 2019, 10 companies out of the 30 publicly-traded companies responsible for producing 58% of single-use plastics (SUP) around the world, produced up to 39% of SUP. With the trajectories of climate change and plastic waste closely intertwined, petrochemical companies will need to break the inaction pattern.
–Redwood-Materials launches new EV-battery-recycling program in California
–Braskem: Growth Stock Moving In Line With ESG-Commitments
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Recycling-technology – EV-battery-recycling