India's Attero Recycling plans to significantly increase its lithium-ion (Li-ion) battery recycling capacity over the next few years. The company intends to expand its capacity from the current 15,000 tons per year to 200,000 tons per year in the next 2.5 years, and further to 300,000 tons per year within the next five years.
Attero is finalizing the location for a 100,000 ton per year Li-ion recycling plant in Andhra Pradesh, which is expected to begin commercial production within the next 14 months. The company also plans to set up a 100,000 ton per year Li-ion recycling plant in Poland, slated for commissioning in the next 12 months. Additionally, there are plans to establish a 100,000 ton per year Li-ion battery recycling plant in the United States, once the Indian and Polish facilities are operational.
Attero's recycling technology, backed by 46 global patents, can extract battery-grade cobalt, lithium carbonate, graphite, nickel, and manganese dioxide with an efficiency rate of around 98%, significantly higher than the global average of 75%. The company can recycle all types of end-of-life Li-ion batteries, including those with chemistries such as nickel-manganese-cobalt, lithium cobalt oxide, lithium-ion manganese oxide, lithium titanate, and lithium iron phosphate.
Attero currently operates a 15,000 ton per year Li-ion battery recycling facility and a 144,000 ton per year electronic waste recycling plant in Roorkee, Uttarakhand. The company is also considering an initial public offering in the Indian market within the next 24-36 months to support its ambitious expansion plans.