BASF Sets Preconditions to Recycle Raw Materials in Electric Vehicle Batteries
Chemical giant BASF partners up with Fortum and Nornickel to plan a battery recycling cluster in Harjavalta, Finland, in an effort to foster the production and use of responsibly produced recycled raw materials in the battery market.
The cluster aims to reuse the critical metals from recycled batteries for the production of new electric vehicle batteries, therefore creating a “closed loop” cycle.
“The combination of battery materials production and recycling enables the circular economy by closing the loop,” says Tim Ingle, BASF’s Vice President for Precious Metals Refining, Chemicals & Battery Recycling.
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