India is rapidly transitioning to electrify its transportation sector. To meet its climate change goals, India will have to electrify at least 25% of its new vehicles. This will equal to about 80 GWh of battery production annually. The battery cell manufacturing will grow from 2 GWh to 80 GWh by 2030, a 40X growth in the annual production.
This translates to ~5000 MT of battery waste by 2024 and almost ~45,000 MT by 2030. This rapid expansion of Advanced Chemistry Cells manufacturing and expiration of batteries in circulation will generate significant amount of waste material. If not recycled within India, we will lose the critical elements and India will cumulatively import battery elements worth 60,000 Cr by 2030.
Rubamin’s plans for LIB recycling will allow recycling of 30,000 TPA by 2027 which will provide materials for 6 GWh equivalent of LIB manufacturing. The robust and versatile process will allow Rubamin to become battery chemistry agnostic and recover Lithium, Cobalt, Nickel and Manganese.
|Year||Annual deployment of of Battery (GWh)||Annual retiring volume of Battery (GWh)|
Source: NITI Ayog: Advanced Chemistry Cell Battery Reuse and Recycling Market in India, May, 2022.