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Northvolt, a Swedish power battery company, announced on November 12th that its recycling program had produced the first battery pack made entirely of recycled nickel, manganese and cobalt. As a result, the company will expand the capacity of its Revolt Ett recycling plant in Sweden to recycle 125000 tons of batteries per year (equivalent to annual production of approximately 30GWh capacity), and plans to start construction in the first quarter of 2022 and start operations in 2023.
It is reported that the recycling plant will receive recycled materials from two sources: scrapped batteries for electric vehicles and production waste from Northvolt Ett.
In addition, by expanding the Revolt Ett plant, Northvolt will expand its recycling capacity to achieve the goal of producing battery packs consisting of half of recycled materials by 2030.
Emma Nehrenheim, chief environmental officer and head of Revolt at Northvolt, said that with the acceleration of the electric vehicle revolution, about 250000 tons of batteries will be scrapped in Europe by 2030.
Revolt Ett aims to become the largest battery recycling plant in Europe and the only large plant in Europe capable of recovering lithium except nickel, manganese, cobalt and lithium: in addition to feeding nickel, manganese, cobalt and lithium directly to the Northvolt battery production process, Revolt Ett will also recover copper, aluminum and plastics from its recycled batteries and materials and recycle them into the manufacturing process through local third parties.
According to public information, Northvolt is a lithium-ion battery company based in Stockholm, Sweden, founded in 2016 by Peter Carlsson, a former Tesla executive.
According to the latest news released by Northvolt, the company has won contracts worth more than $27 billion from BMW, Fluence, Scania, Volkswagen, Volvo, Polestar and other major customers to support the company's development plans, including the establishment of recycling capacity to meet the company's goal of purchasing 50 per cent of its raw materials from recycled batteries by 2030. Among them, in March, Northvolt said it had won a 10-year order worth more than $14 billion (91 billion yuan) from Volkswagen, and in June, Northvolt and Volvo announced a joint venture to build a battery superplant with an annual capacity of up to 50GWh, which is scheduled to start production in 2026. Volvo Automotive Group also hopes to purchase 15GWh batteries annually from Sweden's existing Northvolt Ett battery plant starting in 2024.
In addition, on October 7th, Northvolt announced that it would invest US $750 million to expand its laboratory in Sweden into Europe's leading "research and development park covering the entire battery ecosystem", with key facilities including materials and battery development and industrialization, battery system development and battery recycling platform to promote the emerging European battery industry.
On Oct. 18, Northvolt and Swedish clean technology startup Cinis Fertilizer announced an off-take agreement to return sodium sulfate recovered from battery manufacturing to commercial use.
