{"id":3431,"date":"2024-04-02T17:02:27","date_gmt":"2024-04-02T11:32:27","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=3431"},"modified":"2024-05-26T19:33:01","modified_gmt":"2024-05-26T14:03:01","slug":"technology-development-board-department-of-science-technology-supports-m-s-remine-india-private-limited-uttarakhand-to-set-up-recycling-facility-for-li-ion-batteries-and-e-waste","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/04\/02\/technology-development-board-department-of-science-technology-supports-m-s-remine-india-private-limited-uttarakhand-to-set-up-recycling-facility-for-li-ion-batteries-and-e-waste\/","title":{"rendered":"Technology Development Board -Department of Science &amp; Technology supports M\/s Remine India Private Limited, Uttarakhand to set up Recycling Facility for Li-ion Batteries and E-Waste"},"content":{"rendered":"<p style=\"text-align: justify;\">he Technology Development Board (TDB) has entered into an agreement with M\/s Remine India Private Limited,\u00a0for \u201cSetting up a commercial plant for recycling of Li Battery and E-Waste using Indigenous Technology\u201d\u00a0at Eldeco, SIIDCUL Industrial Area in Sitarganj (District Udham Singh Nagar), Uttarakhand on 27<sup>th<\/sup>\u00a0March 2024 in New Delhi.\u00a0Through the agreement, TDB has pledged a financial assistance of \u20b9 7.5 crores out of the total project cost of \u20b9 15 crores, marking a significant stride towards sustainable development and environmental stewardship.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" src=\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/image001IPU0.jpg\" \/><\/p>\n<p style=\"text-align: justify;\">The funded project entails the establishment of a commercial plant for the recycling of Li-ion batteries and e-waste, leveraging indigenous technology developed by the Centre for Materials for Electronics Technology (CMET), Hyderabad. Recognized as a matter of national significance, the efficient recycling of Li-ion batteries serves as a vital source of secondary raw materials for cell manufacturing within the country.<\/p>\n<p style=\"text-align: justify;\">The escalating imports of e-waste stemming from the disposal of spent Lithium-ion Batteries (LIBs) are driven by their growing utilization in portable electronics, electric vehicles, and global renewable energy storage systems. However, the disposal of LIBs through landfilling and incineration poses environmental and safety concerns, highlighting the need for recycling initiatives. The potential for value creation through the retrieval of metals from spent LIBs has spurred interest in recycling e-waste generated by these batteries.<\/p>\n<p style=\"text-align: justify;\">The lithium-ion battery recycling market size is projected to reach USD 14.89 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 21.6%, up from USD 3.79 billion in 2021. Despite this, a significant 95% of Li-ion batteries currently end up in landfills, while only 5% undergo recycling and reuse.<\/p>\n<p style=\"text-align: justify;\">The dominance of the informal sector in the e-waste scenario has adverse environmental and economic implications. Efficient and environmentally friendly recycling methods are imperative to address the escalating issue of battery waste, mitigate migrant supply side risks related to critical elements, and reduce carbon footprints.<\/p>\n<p style=\"text-align: justify;\">Speaking on the occasion,<strong>\u00a0<\/strong>Shri Rajesh Kumar Pathak, Secretary, TDB, said<strong>,<\/strong>\u00a0\u201cIndia is 3<sup>rd<\/sup>\u00a0in the world in terms of e-waste generation and significant efforts are required to curb the issue. TDB supporting this initiative would help to engage informal recyclers to connect with formal recyclers thereby contributing towards circular economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>he Technology Development Board (TDB) has entered into an agreement with M\/s Remine India Private Limited,\u00a0for \u201cSetting up a commercial plant for recycling of Li Battery and E-Waste using Indigenous Technology\u201d\u00a0at Eldeco, SIIDCUL Industrial Area in Sitarganj (District Udham Singh Nagar), Uttarakhand on 27th\u00a0March 2024 in New Delhi.\u00a0Through the agreement, TDB has pledged a financial &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[1289,1288,1287,1286,1255],"class_list":["post-3431","post","type-post","status-publish","format-standard","","category-regional","tag-e-waste","tag-li-ion-batteries","tag-recycling-facility","tag-technology-development-board","tag-uttarakhand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Technology Development Board -Department of Science &amp; Technology supports M\/s Remine India Private Limited, Uttarakhand to set up Recycling Facility for Li-ion Batteries and E-Waste - Matribhumi Samachar English<\/title>\n<meta name=\"description\" content=\"The Technology Development Board, under the Department of Science &amp; Technology, backs M\/s Remine India Private Limited, Uttarakhand, in establishing a recycling facility for Li-ion batteries and e-waste. 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