Powering the future of clean energy for electric vehicles
Image by Finnrich from Pixabay
The future of electric vehicles is imminent.
According to the International Energy Agency, the global number of electric vehicles is expected to reach 145 million by the end of 2030. Companies like Tesla (NASDAQ: TSLA), Ford (NYSE: F) and General Motors (NASDAQ: GM) are focused on producing the best electric cars, while cities are considering possible infrastructure changes to support this new venture. A world full of electric vehicles is fast approaching, and yet it seems that one issue that remains overlooked could be the most important of all:
Where do all these batteries come from?
Lithium-ion batteries are the preferred choice of electric vehicles, powering millions of people on the road each year. However, with the increase in the level of demand, many fear that the supply may not be sufficient for the new electrification industry. A company, American Battery Technology Company (ABTC) (OTCQB: ABML), solves this problem by using its unique process of mineral extraction and battery recycling in a clean and energy efficient way.
Because few today offer reliable and cost-effective methods to recycle these batteries, ABTC has developed its own process. Popular methods do not filter contaminants accurately, but melt materials in blast furnaces, lose valuable materials in the process, and contribute to landfills and poor waste management. However, the ABTC process offers a few key differentiators:
High separation of low value by-products
Targeted removal of contaminants
In-depth understanding of raw material processing, electrode fabrication, and cell / module / pack fabrication
Recovery of resources producing lithium, nickel, cobalt, manganese, copper and aluminum with low environmental impact
The premise of ABTC’s work is this “clean technology” platform that produces primary metals used in batteries not only for electric vehicles, but also for network storage applications, consumer electronics and batteries. power tools. As a global leader in the recycling of critical materials and lithium-ion batteries, the company aims to treat used batteries as a valuable household resource instead of hazardous waste.
This fully automated hands-free process strengthens the home supply chain without producing hazardous waste or liquid discharges. With more than 15 million tonnes of lithium-ion batteries – worth $ 96 billion – available worldwide for recycling between 2020 and 2030, ABTC’s process hopes to increase the recycling rate by less than 5 % of these batteries in the United States. In fact, the United States produces only 1% of the world’s battery materials, relying heavily on foreign aid for supply. ABTC strives to provide the country with its primary national source of lithium, nickel, cobalt and manganese through its work.
In a global competition organized by one of the largest cathode manufacturers in North America – BASF (ETR: BAS) – its mechanical, hydrometallurgical and resource extraction technology was the sole winner of the Battery Recycling Circularity Challenge. By winning this, ABTC receives cash grant and support funds, contacts, entry into the BASF accelerator program, as well as access to the BASF laboratory.
ABTC plans to build the first non-thermal battery recycling plant in the United States in 2022. Located in Fernley, Nevada, their pilot plant will be a hub that supports recycling technologies and metal extraction from batteries. , an analysis laboratory, a treatment laboratory and pilot bays. It is estimated to benefit the economy with $ 348 million in the first 10 years of operation.
The company recognizes that recycling alone will not meet current demand. It’s ABTC’s focus on extracting high-quality materials that sets it apart. With its highly experienced team and its work that respects the environment, ABTC is positioned as a key player in the global energy transition.
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