Growing demand for electric vehicles, renewable energy storage and consumer electronics is putting sustainable solutions for battery recycling at the center. A report outlines strategic ways to make the sector profitable, among other things.
The battery recycling market is driven by a number of factors: tighter environmental regulations, the decarbonization of supply chains, the growing number of end-of-life batteries, and growing demand for critical raw materials such as lithium, cobalt, and nickel. Ever since governments have pushed for tougher environmental standards, and industry has sought to reduce its carbon footprint, recycling has become essential for conserving valuable resources and building a sustainable future.
The report «Lithium-Ion Battery Recycling: Market & Innovation Trends for A Green Future» by consulting firm Deloitte and CAS, a division of the American Chemical Society, provides a comprehensive analysis of lithium-ion battery recycling, covering both the market and scientific perspectives of this rapidly evolving industry. He combines CAS’s data and science expertise with Deloitte’s market and business analysis to explore the latest developments in the industry in six key areas:
Among other trends, the report explores how innovations in the area of recycling technology and digital solutions are transforming the battery recycling industry, improving efficiency, recovery rates and environmental impact, and accelerating the global transition to a low-carbon future. (See also this link)
Cooperation should bring benefits
«We are excited to develop and deliver industry insights and solutions on the basis of CAS scientific data», said Kevin Guo, head of the Deloitte China National Industry Program. He continues: «Innovation in science and technology has made remarkable strides in many areas, and Deloitte China looks forward to continuing to work with CAS to make a significant impact on the industry.» Also Manuel Guzman, President by CAS, is full of praise: «By partnering with Deloitte, we want to jointly accelerate breakthroughs on critical global challenges such as sustainable energy and empower innovators across industries to make more informed business decisions.»
About Deloitte China
Deloitte China is a globally connected company with deep local roots, owned by partners in China. With more than 20'000 professionals in 31 Chinese cities, it offers clients a one-stop shop of world-leading verification, tax and advisory services.
About CAS
CAS is a division of the American Chemical Society. As a specialist in scientific knowledge management, its team builds the world’s largest collection of human-curated scientific data, providing critical information solutions, services and expertise.
