New Battery Recycling Center Will Have A Big Impact On Europe
Lithium-ion batteries are a rapidly growing technology, used to power everything from our mobile phones to electric vehicles to renewable energy systems. Lithium-ion batteries generally have a much longer lifespan than anti-EV commentators would lead people to believe, and once they’re too degraded for vehicle use, they serve for years more doing stationary energy storage. But, they eventually get to the point where they are no longer useful and will need to be recycled.
In short, the importance of lithium-ion battery recycling cannot be overstated. It is essential to reduce environmental harm, conserve valuable resources, and support the ongoing growth of sustainable energy technologies. Li-Cycle’s advanced hydrometallurgical technology will be utilized to establish the Portovesme Hub, which is expected to become Europe’s biggest manufacturer of sustainable battery grade products. Portovesme, located in Sardinia, Italy is home to a lead-zinc smelter and hydrometallurgical facility that began operating in 1929.
Li-Cycle and Glencore intend to form a 50/50 joint venture that will repurpose a portion of Glencore’s existing metallurgical complex in Portovesme, Italy, to establish the Portovesme Hub. The plan is to achieve a cost-efficient and accelerated development process. The project will also involve Glencore, providing competitive long-term financing to fund Li-Cycle’s portion of the capital investment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Panasonic delays production of new Tesla battery to improve performancePanasonic said on Wednesday that it will delay the commercial production of its 4680 battery cells championed by Tesla CEO Elon Musk and begin operations during the April to September period in 2024, later than previously scheduled, as the company aims to improve their performance.
Read more »
Bed Bath and Beyond bankruptcy: Hundreds of leases set for auction, pending court approvalBed Bath and Beyond Bankruptcy: Hundreds of leases set for auction, pending court approval
Read more »
Walnut Creek’s Center Rep stage company has first new director in 3 yearsCenter Rep in Walnut Creek has named Matt M. Morrow as its artistic director, tapping a manager known for supporting diversity and LGBTQ+ community.
Read more »
New 'Outlander' Season 7 Images Center the Fraser FamilyNew images from Outlander Season 7 show Caitríona Balfe, Sam Heughan, and the rest of the Fraser family preparing for war.
Read more »
Colts, Republic Services free electronics recycling event at Lucas Oil StadiumThe Indianapolis Colts and Republic Services are teaming up to host a free electronics recycling event this weekend at Lucas Oil Stadium. Check out what items are eligible to be recycled.
Read more »
New York City public schools rolling out new reading programNew York City is changing the way it teaches reading, getting children hooked on phonics, after Schools Chancellor David Banks concluded public schools have been teaching reading the wrong way for decades.
Read more »