IBU-tec Expands Battery Recycling Footprint with New Pilot Plant
IBU-tec, a leading provider of advanced materials, is expanding its footprint in the growing world market of battery recycling. The company, in collaboration with Hosokawa Alpine, has established a pilot plant for recycling battery materials in Weimar, Germany. This strategic move comes amidst the EU's Battery Regulation driving demand and the stock market growing at an average annual rate of over 50%.
IBU-tec will utilise the four machines provided by Hosokawa Alpine to advance its own battery materials production and customer projects. Dr. Steffen Sander, Head of R&D at Hosokawa Alpine, commends IBU-tec's expertise in battery materials, further bolstering the partnership's potential. The pilot plant, a joint venture between li-ion recycling GmbH and Hosokawa Alpine, is a significant step in developing recycling technologies for lithium-ion batteries.
Hosokawa Alpine brings its expertise in mechanical process technology to the table, ensuring efficient and safe disassembly and processing of batteries. Jörg Leinenbach, CEO of IBU-tec, sees battery recycling as a crucial growth market, with the stock market today projected to reach over 38 billion USD by 2032. IBU-tec's expansion into this area is a strategic response to the increasing demand for sustainable recycling solutions.
IBU-tec, in collaboration with Hosokawa Alpine, is at the forefront of battery recycling technology. With a pilot plant in Weimar and four dedicated machines, the company is well-positioned to contribute its recycling expertise, particularly in recycling coated cathode foils. As the market continues to grow at a rapid pace, IBU-tec's expansion into this sector is a timely and strategic move.
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