The “Recycling Li-ion batteries for electric Vehicle” (ReLieVe) project, founded by Eramet, BASF and SUEZ, will receive a substantial funding of €4.7 million by EIT Raw Materials, a consortium initiated and funded by the European Union, and the three members. The objective is to develop an innovative closed-loop process to recycle lithium-ion batteries from electric vehicles and to enable the production of new lithium-ion batteries in Europe.
German chemical giant BASF announced Wednesday plans with French companies Eramet and Suez to recycle lithium-ion batteries from electric cars, aiming to secure a leading role in a growing market. Backed by 4.7 million euros ($5.2 million) of EU funding, “the objective is to develop an innovative closed-loop process to recycle lithium-ion batteries from electric vehicles and to enable the production of new Continue reading