BASF & Iveco Group Partner to Revolutionize EV Battery Recycling in Europe
BASF and Iveco Group have joined forces to tackle the recycling of lithium-ion batteries from electric vehicles, a significant step towards a sustainable automotive future. The partnership, which covers Europe, aims to extract valuable materials like nickel, cobalt, and lithium from end-of-life batteries.
The collaboration will span the entire recycling process, from collection to recycling. BASF's Schwarzheide, Germany center will play a pivotal role, mechanically processing the batteries and recovering materials to manufacture new ones. This creates a complete battery recycling value chain in Europe.
The partnership extends to France, Germany, and the UK, where Iveco Group's electric vans, buses, and trucks operate. It aligns with the EU Battery Regulation's circular economy-focused policy requirements and supports Iveco Group's net-zero carbon emissions commitment by 2040.
Angela Qu, Iveco Group's Chief Supply Chain Officer, praised the partnership, emphasizing the strategic importance of life cycle thinking and closing the loop from end-of-life batteries to new ones. Dr. Daniel Schönfelder, President of BASF's Catalysts division, also highlighted the significance of the collaboration, marking it as BASF's first agreement to recycle batteries from electric vans, buses, and trucks.
The BASF-Iveco Group partnership is set to revolutionize the recycling of lithium-ion batteries, extending battery lifespan, minimizing environmental impact, and complying with Extended Producer Responsibility policy. With a focus on Europe, this collaboration is a commendable stride towards a sustainable and circular automotive future.
