The largest modern battery recycling plant in India is opened by LICO Materials in Bengaluru. It has a 4GWh annual infeed capacity and plans to grow to 10GWh. In addition to helping India reach its goal of 30% EV adoption by 2030, the facility will address the difficulties in ensuring a steady supply of essential materials.
Recycling spent batteries will be essential to recovering vital minerals to sustain the battery circular economy, as India’s EV industry is predicted to increase by 250% and the energy storage sector to reach 42GW by 2032.
“This new facility marks a significant milestone in our journey to redefine lithium-ion battery recycling & repurposing in India,” remarked Mr. Gaurav Dolwani, CEO of LICO Materials, who spoke during the Inauguration. As we expand, we hope to lessen reliance on imports, close the gap in the supply chain for essential battery components, and support India’s shift to renewable energy. Our zero-liquid-discharge facility demonstrates our dedication to sustainability and innovation by recycling and reusing 17,500 metric tons of batteries.
By 2027, LICO intends to recycle 200,000 metric tons of batteries from electric cars every year. This will result in significant environmental savings, such as the preservation of 100 million liters of water and a reduction in CO2 emissions equal to the absorption capacity of 37 million trees.
