Attero to spend $1 billlion over 5 years on battery recycling plants

With the $1 billion investment, Attero is seeking to recycle over 300,000 metric tons of lithium-ion battery waste annually by 2027

Indian battery recycling company Attero Recycling Pvt is planning to invest $1 billion over five years to build lithium-ion battery recycling plants in Europe, the US and Indonesia as demand for the metal surges amid the global shift to electric cars.

“There’s a tremendous amount of lithium-ion battery waste available for us to recycle,” Attero Chief Executive Officer and Co-Founder Nitin Gupta said in an interview. By 2030, 2.5 million tons of lithium-ion batteries will reach the end of their life, while currently there’s only the capacity for 0.7 million tons of battery waste to be recycled. “Lithium-ion batteries are