Creating a sustainable battery supply chain
Demand for electric vehicles (EVs) is expected to grow rapidly in the next decade. That means demand for the materials that go into EV batteries will rise too. For example, the quantity of lithium-ion batteries used in vehicles and power storage is expected to increase nearly ten-fold in the next decade.
To help conserve these scarce resources, the world needs to find more sustainable ways to make, use and recycle battery materials.
That’s why we’re taking several important steps to help create a more sustainable battery supply chain. For example, we’re working with Stena Recycling Group, a leading recycler of industrial waste and end of life products, to develop an efficient European value chain for recycling lithium-ion batteries and cell manufacturing materials.
We’re also developing additional steps to produce fully refined materials that are suitable for the lithium-ion battery manufacturing process to help increase the recycled content of new batteries. And we continue to work with RCS Global to improve visibility in our own supply chain so that we can ethically secure the materials our business needs.
Meanwhile, we’re finding ways to make our operations more sustainable too. For example, for our new battery materials plant in Finland we are developing a unique system to capture and treat effluent waste. The plant will also use 100% renewable energy from the day it begins production.