ChargePoint and General Motors Corporati...
December 21, 2024
The Technology Development Board has pledged Rs. 7.5 crore in financial assistance for a project totaling Rs. 15 crore, as per the Ministry of Science & Technology's recent statement.
Date: April 4, 2024
Delhi- The Technology Development Board (TDB), under the Department of Science and Technology (DST), on Tuesday said it has partnered with startup Remine India to develop a commercial plant for recycling lithium-ion (Li-ion) batteries and e-waste using indigenous technology in Uttarakhand, IANS reported.
Through the agreement signed recently, the Technology Development Board has pledged financial assistance of Rs 7.5 crore out of the total project cost of Rs15 crore, said the Ministry of Science & Technology, in a statement.
Mr. Rajesh Kumar Pathak, TDB Secretary, said that, India ranks third globally in e-waste generation, requiring urgent action. TDB's support in connecting informal recyclers with formal ones at a new plant in Sitarganj aims at fostering a circular economy. Indigenous Li-ion battery recycling tech from CMET, Hyderabad, is crucial for sourcing secondary raw materials for cell manufacturing.
The surge in e-waste, particularly from spent LIBs, underscores the need for recycling initiatives due to environmental and safety risks. Despite the market's growth projection to $14.89 billion by 2030, only 5% of Li-ion batteries are currently recycled, with 95% ending up in landfills. The dominance of the informal sector in e-waste management poses significant environmental and economic challenges. Effective and eco-friendly recycling methods are essential to address battery waste, mitigate supply risks, and reduce carbon footprints.
