Growing sales of electric cars and high demand for raw materials for battery manufacture are increasing requirements for greater battery recyclability. Stena Recycling is therefore aiming to become a leading player in recycling vehicle batteries in Europe. An initial investment of a quarter of a billion SEK is being made in a new facility in Sweden capable of recycling 95 percent of an electric vehicle battery. At the same time, Stena Recycling is investing SEK 100 million SEK in battery collection centres across Europe.
The EU commission has proposed a new regulation which, among other things, will require battery manufacturers to start using recycled materials in the battery production already in 2030. Recycling companies will be required to fulfil both recycling efficiencies for the entire battery as well as recovery rates for important metals such as lithium, cobalt, copper and nickel.
“The proposed EU regulation, combined with the increasing electrification of vehicles and other products, means that there will be huge pressure to find solutions to recycle vehicle batteries. This will give Stena Recycling a key role in the process of electrifying the automotive industry. The battery recycling market is growing by leaps and bounds and the global market is estimated to be worth SEK 260 billion within ten years,” says Marcus Martinsson, Product Area Manager Batteries at Stena Recycling Group.
In the long term, Stena Recycling’s advanced process will enable more than 95 percent of a used battery to be recycled. Valuable minerals such as cobalt, lithium and nickel will be able to be recovered and used to manufacture new batteries with very high recycling rates.
The new facility will have the capacity to recycle 10,000 tonnes of batteries a year.
The proposed EU regulation aims to strengthen the circular economy and the value chain for batteries within EU, as well as to set requirements within sustainability and safety for batteries put on the European market.
“A circular approach must be the starting point when recycling vehicle batteries. Using recycled materials in production is one of the most effective ways of cutting environmental impact and conserving resources. We will be enabling the automotive industry to make the transition to circularity,” says Marcus Martinsson.
The issue of battery recycling is also attracting the attention of government agencies and last year Stena Recycling received SEK 70.7 million in funding from the Swedish Energy Agency towards building the new facility.
The new plant is being built in Halmstad and is planned to be up and running in spring 2023.
For more information, please contact:
Marie Vassiliadis, External Communication, Corporate Communications.
Mobile: +46 (0)72 163 98 30
About Stena Recycling:
Stena Recycling is one of Sweden’s leading recycling companies with nearly 90 facilities and 1,700 employees. The business was founded by Sten A Olsson in 1939. Stena Recycling is part of the Stena Metall Group, one of Sweden’s largest family-owned businesses. Stena Metall operates in more than 200 locations in nine countries and recycles more than six million tonnes of materials a year.