IBU-tec & Hosokawa Alpine Launch Battery Recycling Pilot Plant
IBU-tec and Hosokawa Alpine have joined forces to establish a pilot plant for battery recycling at IBU-tec's Weimar site. The collaboration combines IBU-tec's expertise in battery material recycling with Hosokawa Alpine's machinery, aiming to tackle the growing demand for battery recycling in the world market, which is expected to expand at a CAGR of over 50% by 2032, resulting in a market volume exceeding USD 38 billion by the same year. IBU-tec brings its know-how in recycling battery materials to the table, while Hosokawa Alpine contributes its mills, which are well-suited for processing IBU-tec's materials. Although the specific leader of Hosokawa Alpine's research and development group involved in this collaboration is not mentioned, the partnership reflects a shared commitment to sustainable battery recycling solutions in the stock market today. The pilot plant at IBU-tec's Weimar site marks a significant step towards a circular economy for batteries, with the companies poised to capitalise on the growing battery recycling market while contributing to a more sustainable future in the world market.
