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Finland Clean Energy Company Fortum uses low-dioxide and wet metallurgical recovery processes, the recovery rate of lithium-ion batteries has increased from 50% to more than 80%. Northern Finland Clean Energy Company Fortum has a new solution to more than 80% of electric vehicles (EV) batteries can be recycled, allowing rare metals to re-circulating, and resolve sustainability by reducing cobalt, nickel and other rare materials gap. At present, the recovery rate of lithium-ion batteries is about 50%.
"Recycling most of the materials in lithium-ion batteries, currently have little, economic and feasible technology. We have seen a challenge that has not been resolved and develops a scalable recovery solution for all industries that use the battery. "Fortum uses low-dioxide and wet metallurgical recovery process, the recovery rate reaches 80%.
First, these batteries are safe and can be mechanically treated, plastic, aluminum and copper are separated, directly for their own recovery process. Wet metallurgical recovery process allows for recovery of cobalt, lithium, manganese and nickel from the battery, and delivers battery manufacturers to produce new batteries. This technology was developed by CRISOLTEQ, Finland, which has a wet metallurgy recycling facility in Finland's Harjavalta, which has been able to operate in industrial scale.
"The rigorous circulatory economy refers to the use of a certain element to use its original function or purpose. When we discuss the recycling of lithium-ion batteries, our ultimate goal is to recover most of the components of the battery to the new battery. "Industry people said that the battery is recycled, should not see it as a terminal of the industrial chain, but should be seen, because the materials in the battery have great value, which can be recycled.
And at the same time, Fortum is still experimenting with the current hot topic - the battery "ladder utilization", that is, after the electric vehicle battery is no longer suitable for the original use, it is used for fixed energy storage applications. According to the International Energy Agency, by 2030, the number of electric vehicles on the global road will increase from 3 million to 12.5 billion.
In 2015, the value of the global lithium-ion battery recovery market was about 1.7 million euros, but it is expected that it will reach more than 20 billion euros in the next few years.
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