Cirba Solutions Collaborates with EcoPro to Enhance Lithium-Ion Battery Recycling Business
Charlotte, N.C., Feb. 1, 2024 /PRNewswire/ —
Cirba Solutions, the premier battery recycling and battery materials company, has signed a Memorandum of Understanding (MOU) with EcoPro Co Ltd (“EcoPro”), a global leader in lithium-ion battery cathode materials. This collaboration aims to enhance innovative elements of the lithium-ion battery recycling business.
Strategic Alliances for Sustainable Development Goals
The circular battery supply chain is rapidly developing worldwide, driven by the growing demand for critical battery materials. The enactment of the Inflation Reduction Act in the United States has become a catalyst for alliances across the lithium-ion battery value chain, as it focuses resources on domestic energy production and promotes clean energy development.
Partnership Benefits
“We are happy to reach this agreement with Cirba Solutions. Their experience in the market for premium recycled materials supports our growth into a closed-loop battery materials supply chain in North America,” said Hoirim Jung, Business Strategy Office Leader, Managing Director at EcoPro.
This strategic alliance brings together key leaders in the market focused on a circular battery supply chain. EcoPro will leverage Cirba Solutions’ recycled materials to produce precursor cathode active material (PCAM) and cathode active material (CAM), which are critical for supporting the growing demand for electric vehicle batteries and require increased use of recycled content. Cirba Solutions’ expansive logistics and collection networks, along with a diversified processing footprint, are also key aspects of this alliance.
Importance of Recycling for Sustainable Development
“Recycling is a vital component in the value chain and necessary for creating a robust and circular economy for electric vehicle batteries,” says Jay Wago, Chief Commercial Officer at Cirba Solutions. “Working with a world-renowned team like EcoPro supports the expansion of an interconnected battery supply chain.”
About Cirba Solutions
Cirba Solutions is a premier battery recycling materials and management company that uses advanced technology to extract critical materials from scrap and used batteries. These battery-grade metals are then supplied back into the supply chain. Cirba Solutions is the only vertically integrated team with an operational, differentiated platform and a full suite of capabilities. Creating a circular battery supply chain is critical to ensuring the optimal use of today’s resources. Cirba Solutions combines the resources and expertise of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions.
https://www.cirbasolutions.com/
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About EcoPro Co. Ltd
Founded in 1998, EcoPro has focused on the development of eco-friendly core materials and parts related to air pollution control. It has grown by building its foundation in two main areas: environment and secondary battery materials. EcoPro has established a “Closed Loop Eco-System” that integrates all the facilities required for the entire production process, from recycling used batteries to the manufacturing of final products. This integrated system also includes the supply of high-purity oxygen and nitrogen.
SOURCE: Cirba Solutions
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 17: Partnerships for the Goals
The article discusses the collaboration between Cirba Solutions and EcoPro Co Ltd to enhance the innovative elements of the lithium-ion battery recycling business. This collaboration contributes to achieving SDG 7 by promoting clean energy through the recycling of batteries. It also aligns with SDG 9 by fostering innovation in the battery supply chain. Additionally, the circular battery supply chain and recycling efforts support SDG 12 by promoting responsible consumption and production. The article mentions the Inflation Reduction Act, which can be connected to SDG 13 as it aims to promote clean energy development. Lastly, the strategic alliance between Cirba Solutions and EcoPro Co Ltd represents a partnership for the goals, supporting SDG 17.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 7.2: Increase substantially the share of renewable energy in the global energy mix
- SDG 9.2: Promote inclusive and sustainable industrialization and foster innovation
- SDG 12.5: Substantially reduce waste generation through prevention, reduction, recycling, and reuse
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning
- SDG 17.16: Enhance the global partnership for sustainable development
The targets identified are based on the actions and objectives mentioned in the article. The collaboration between Cirba Solutions and EcoPro Co Ltd contributes to increasing the share of renewable energy in the global energy mix (SDG 7.2) through the recycling of lithium-ion batteries. The strategic alliance also promotes inclusive and sustainable industrialization and fosters innovation (SDG 9.2) in the battery supply chain. By recycling batteries, the companies are working towards reducing waste generation (SDG 12.5) and integrating climate change measures into their operations (SDG 13.2). Lastly, the partnership between Cirba Solutions and EcoPro Co Ltd represents an enhancement of the global partnership for sustainable development (SDG 17.16).
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Percentage of renewable energy in the global energy mix
- Number of innovative solutions implemented in the battery supply chain
- Amount of waste generated from battery production and recycling
- Integration of climate change measures in company policies and strategies
- Number of partnerships formed for sustainable development
The article does not explicitly mention specific indicators to measure progress towards the identified targets. However, these indicators can be used to assess the advancement in achieving the targets. For example, the percentage of renewable energy in the global energy mix can be measured to track progress towards SDG 7.2. The number of innovative solutions implemented in the battery supply chain can indicate progress towards SDG 9.2. The amount of waste generated from battery production and recycling can be measured to assess progress towards SDG 12.5. The integration of climate change measures in company policies and strategies can be evaluated to monitor progress towards SDG 13.2. Lastly, the number of partnerships formed for sustainable development can be counted to measure progress towards SDG 17.16.
SDGs, Targets, and Indicators Table
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.2: Increase substantially the share of renewable energy in the global energy mix | Percentage of renewable energy in the global energy mix |
| SDG 9: Industry, Innovation, and Infrastructure | 9.2: Promote inclusive and sustainable industrialization and foster innovation | Number of innovative solutions implemented in the battery supply chain |
| SDG 12: Responsible Consumption and Production | 12.5: Substantially reduce waste generation through prevention, reduction, recycling, and reuse | Amount of waste generated from battery production and recycling |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning | Integration of climate change measures in company policies and strategies |
| SDG 17: Partnerships for the Goals | 17.16: Enhance the global partnership for sustainable development | Number of partnerships formed for sustainable development |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: prnewswire.com
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