Omega Seiki & Attero Partner for EV Battery Recycling
By Rediff Money Desk, MUMBAI Feb 06, 2024 13:13
Omega Seiki and Attero join forces to recycle lithium-ion batteries from electric vehicles, promoting sustainable e-waste management and energy storage solutions.
![Omega Seiki & Attero Partner for EV Battery Recycling](https://im.rediff.com/money/2021/jun/15ev.jpg)
Photograph: Rebecca Cook/Reuters
Mumbai, Feb 6 (PTI) Omega Seiki Private Ltd (OSPL) on Tuesday announced it has signed an agreement with Attero for recycling of lithium-ion batteries.
Under the collaboration, OSPL, along with e-waste management firm Attero, plans to recycle over 100MWh of batteries in the next 3-4 years, OSPL said in a statement.
Besides the domestic market, the strategic alliance between OSPL and Attero will also cover the ASEAN and African regions, it stated.
With over 10,000 OSM (Omega Seiki Mobility) brand electric vehicles currently in operation, Attero will play a key role in repurposing the batteries for energy storage, aligning with the efforts of both entities to address the complete lifecycle of EV components and ensure responsible EV battery solutions, the statement said.
According to OSPL,
Attero currently has a facility capable of processing 1,45,000 metric tonnes of e-waste and 11,000 metric tonnes of battery waste annually. This capacity is slated to increase to 15,000 metric tonnes by the next month.
The company said it plans to deploy EV batteries totalling over 1-GWH in the next five years, accompanied by a collective target with Attero to recycle over 100 MWh of batteries in the next 3-4 years.
"With EV production on the rise, it is becoming critical for India to have a sustainable approach to recycling lithium-ion batteries. The improper disposal of Li-ion battery recycling is not only an environmental threat but also a wasted opportunity to extract rare materials," said Nitin Gupta, Co-founder and Chief Executive Officer, Attero PTI IAS
Under the collaboration, OSPL, along with e-waste management firm Attero, plans to recycle over 100MWh of batteries in the next 3-4 years, OSPL said in a statement.
Besides the domestic market, the strategic alliance between OSPL and Attero will also cover the ASEAN and African regions, it stated.
With over 10,000 OSM (Omega Seiki Mobility) brand electric vehicles currently in operation, Attero will play a key role in repurposing the batteries for energy storage, aligning with the efforts of both entities to address the complete lifecycle of EV components and ensure responsible EV battery solutions, the statement said.
According to OSPL,
Attero currently has a facility capable of processing 1,45,000 metric tonnes of e-waste and 11,000 metric tonnes of battery waste annually. This capacity is slated to increase to 15,000 metric tonnes by the next month.
The company said it plans to deploy EV batteries totalling over 1-GWH in the next five years, accompanied by a collective target with Attero to recycle over 100 MWh of batteries in the next 3-4 years.
"With EV production on the rise, it is becoming critical for India to have a sustainable approach to recycling lithium-ion batteries. The improper disposal of Li-ion battery recycling is not only an environmental threat but also a wasted opportunity to extract rare materials," said Nitin Gupta, Co-founder and Chief Executive Officer, Attero PTI IAS
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...