Remine India to Set Up Lithium Battery Recycling Plant

  • The Technology Development Board (TDB) has partnered with M/s Remine India Private Limited to establish a recycling facility for Li-ion batteries and e-waste. 
  • The project, which is part of a larger initiative, will provide financial assistance of ₹ 7.5 crores out of the total project cost of ₹ 15 crores. 
  • The project will utilize indigenous technology developed by the Centre for Materials for Electronics Technology (CMET), Hyderabad. 
  • The recycling of Li-ion batteries is crucial for cell manufacturing and is a significant source of secondary raw materials. 
  • The lithium-ion battery recycling market is projected to reach USD 14.89 billion by 2030, with a CAGR of 21.6%. 
  • The initiative aims to engage informal recyclers and contribute to the circular economy.
Posted in Current Affairs.