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Johnson Matthey partners with Stena Recycling Group on sustainable, circular solution for lithium ion battery recycling
April 28, 2021 GMT
LONDON, April 28, 2021 /PRNewswire/ Johnson Matthey, a global leader in sustainable technologies, has concluded a Memorandum of Understanding with Stena Recycling Group, a leading recycler of industrial waste and end of life products, to develop an efficient value chain in Europe for recycling of lithium ion batteries and cell manufacturing materials.
Sales of electric vehicles increased 43% globally in 2020 as battery costs have declined, helping to make EV cars more affordable1. Decarbonizing transportation is a critical step in helping societies and industries meet their ambitious net zero emission targets. Electric vehicles consequently have the potential to significantly contribute to the tackling of the climate crisis.