Recycling

Goldman Sachs, Nomura bet big on this ₹1,250-cr IPO; should you do it too?

Jain Resource Recycling IPO: The company raised ₹562.5 crore from 40 global and domestic institutional investors through the anchor book

Jain Resource Recycling IPO worth ₹1,250 cr to open on September 24

Jain Resource Recycling will raise Rs 1,250 crore via IPO opening Sept 24 with proceeds to repay debt, fund corporate purposes and expand into plastics and e-waste recycling

A critical mission: Recycling critical minerals can offer near-term cushion

What makes recycling particularly urgent is the long gestation period associated with mining and exploration

LNJ GreenPET partners with Sumitomo Corp to create r-PET value chain

The MoU lays out a collaboration covering commercial development, raw material sourcing, marketing, and possible investments for the company's upcoming r-PET project

Incentives for minerals recycling in final stages of approval: Govt report

The scheme, which will includes lithium-ion batteries, will give capex subsidy to eligible recyclers, according to the document shared with reporters

China's EV battery waste boom sparks gold rush in recycling sector

Battery recycling of electric vehicles (EV) is essential for sustainability, cost-efficiency, and resource security

Govt may formalise incentives for critical minerals recycling this year

India has identified the 24 minerals as strategic and critical to its efforts to meet clean energy goals and move towards net zero greenhouse gas emissions by 2070

E-recycling sector to reach $198.5 mn by 2032 at CAGR of 13.52%: Ind-Ra

The domestic industry can look forward to increased business opportunities in the e-recycling sector, which is expected to grow at a CAGR of 13.52 per cent, reaching USD 198.52 million by 2032, India Ratings and Research (Ind-Ra) said in a report on Wednesday. The report also underlined the need for a strong reverse logistics network for e-waste procurement to ensure contract fulfilment and technical expertise to gain extended producer responsibility (EPR) revenue. India ranks as the third largest e-waste producer after China and the US, it said, adding that Switzerland remains one of the most efficient e-waste recyclers in the world, followed by Sweden and Norway. Citing an Astute Analytica report, the credit ratings agency said the domestic e-waste management market is projected to reach a valuation of about USD 198.52 million by 2032 at a compounded annual growth rate (CAGR) of around 13.52 per cent during 2024-2032, hinting at a huge market. Ind-Ra said there is a growing ...

LICO Materials opens 'zero-liquid-discharge' battery recycling facility

Lithium-ion battery recycling and refurbishing firm LICO Materials on Friday announced the inauguration of a battery recycling facility in Bengaluru and said it will invest Rs 250 crore in its downstream hydrometallurgy plant in next two-three years. The 4 GWh per annum in-feed capacity plant in Bengaluru will address the challenges of securing a stable supply of critical materials and contribute to India's ambition of achieving 30 per cent electric vehicle (EV) adoption by 2030, LICO said. The company said it aims to scale up capacity at the facility to 10 GWh in the next 3-4 years. With India's EV industry expected to grow by 250 per cent and energy storage sector to reach 42GW by 2032, recycling of used batteries will play a crucial role in recovering critical minerals to support the battery circular economy, according to the company. "The new facility marks a significant milestone in our journey to redefine lithium-ion battery recycling and repurposing in India. As we scale up

Total recycling units in India reach 295; highest in UP, followed by K'taka

These recycling facilities aim not just to manage the vast quantities of electronic waste generated annually but also to foster a circular economy

South Korea's 'mountain' of plastic waste highlight limits of recycling

Bi-monthly MIT Technology Review magazine has rated South Korea as 'one of the world's best recycling economies', and the only Asian country out of the top 10 on its Green Future Index in 2022

Altilium and JLR to test EV batteries made using recycled materials

There is also regulatory pressure on automakers and battery makers to recycle

Govt to provide one-time financial aid for coastal waste recycling units

The government will provide one-time financial support for setting up recycling plants for abandoned fishing gear and plastic waste in coastal areas, Union Environment Minister Bhupender Yadav said on Saturday. He announced guidelines for "One-Time Financial Support for Establishing Recycling Plants" while taking part in a beach clean-up drive at Juhu in Mumbai. According to a note prepared by the ministry, the focus is on establishing fishing gear/net and marine plastic waste recycling facilities in the 12 Blue Flag-certified beaches -- which meet global environmental, educational, safety standards -- in the country. One-time financial support will be given to set up 25 recycling units -- 13 for nylon fishing gear and 12 for plastic waste -- near Blue Flag beaches, the ministry said. New recycling units for plastic waste and fishing gear/nets are eligible if they have a valid permit, are located outside the Coastal Regulation Zone, and meet local regulations, it said. Preference

RecommerceX raises $3.6 mn from Accel, Kae Capital, to scale recycling

RecommerceX focuses on recovering valuable materials such as metals, plastics, and e-waste

Budget 2024: MRAI urges govt to remove import duty on aluminium scrap

Ahead of the budget, recycling industry bodyAI has urged the government to remove the import duty on aluminium scrap, saying it will help promote sustainability in the industry. According to the Material Recycling Association of India (MRAI), the recycling process of aluminium scrap emits only 0.3 million tonnes (MT) of Co2 on per tonne of production compared to 14 tonnes of carbon emissions on the production of 1 MT of aluminium through smelters route which involves maintaining of coal-based capacities for power supply. "Among the key challenges faced by the Indian aluminium recycling industry is 2.5 per cent import duty on aluminium scrap. It is a key raw material for aluminium recycling and the government should make it to zero until the quality material (scrap) is available in sufficient quantity in the domestic market,"AI said in a letter to Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman will present the full Union Budget for the financial year 2024-25

EU parl approves rules requiring companies to repair worn-out products

Consumers will gain the right to choose either a repair - or a replacement - for faulty products while the product is still under guarantee

Metastable Materials plans to expand high-yield battery recycling capacity

Founded in October 2021, the company's current manufacturing facility, located in Bangalore, holds a capacity to extract 5 tonnes of materials per day

Global e-waste generation rising 5 times faster than recycling, says UN

The world's electronic waste generation is increasing five times faster than documented e-waste recycling, according to the United Nation's fourth Global E-waste Monitor (GEM) report released on Wednesday. According to the report from the International Telecommunications Union (ITU) and United Nations Institute for Training and Research (UNITAR), the 62 million tonnes of e-waste produced in 2022 would fill around 1.55 million 40-tonne trucks, equivalent to encircling the equator with trucks bumper-to-bumper. However, a mere 22.3 per cent of the year's e-waste mass was properly collected and recycled in 2022, leaving USD 62 billion worth of recoverable natural resources unaccounted for and heightening pollution risks globally. E-waste recycling currently meets just 1 per cent of rare earth element demand, the report said, highlighting a significant gap in resource recovery. It projected a steady increase in annual e-waste generation, rising by 2.6 million tonnes each year and expect

Recycling firm Vikas Lifecare sets up JV to manufacture smart meters

Recycling player Vikas Lifecare on Saturday said it has formed a Joint Venture (JV) company to set up a smart meter manufacturing unit at an investment of Rs 108 crore. Its subsidiary Genesis Gas Solutions Pvt Ltd (Genesis) has formed JV IGL Genesis Technologies Ltd with equity participation from Indraprastha Gas Ltd (IGL) in the ratio of 49:51, Vikas Lifecare said in a statement. The JV will set up a smart meter manufacturing facility at an initial investment of Rs 108 crore in Noida, Uttar Pradesh. The unit, with a capacity to manufacture 1 million smart meters annually, is being set up over an area of 65,000 sq ft, and is expected to be made operational by July this year, the company said. Orders for the manufacturing equipment have already been finalised and will be placed within this month. Vikas Lifecare recycles plastic waste to manufacture pallets and interlocking tiles for industrial applications.

Recycling firm Integra Essentia net profit grows to Rs 7.5 cr in Q2

Recycling company Integra Essentia has reported a net profit of Rs 7.52 crore for the September quarter, aided by higher income. It had clocked a net profit of Rs 2.15 crore in the year-ago period, the company said in a statement on Thursday. The company's total revenue rose to Rs 74.75 crore over Rs 59.40 crore in the year-ago quarter. Its expenses were at Rs 64.96 crore as against Rs 57.30 crore a year ago. Integra Essentia is into steel and renewable energy business.