Distinguished in the Indian market, Recyclekaro boasts a recovery rate of over 90% for critical elements, significantly contributing to the establishment of a circular economy. Their innovative practices include recycling 675 MWh and repurposing 608 MWh of battery capacity every year, with a target to cut down 350 metric tons of greenhouse gas emissions by 2026.
In an insightful exchange, Aishwarya engages with Rajesh Gupta, Founder & Director, Recyclekaro, where he shares the nuances of e-waste recycling and its significance in today’s fast-paced world.
Rejuvenating industries while supporting the recycling of electronic waste, tell us about Recyclekaro’s journey so far and what are the end products you get after recycling EV batteries?
Recyclekaro has embarked on an impactful journey, it stands as a specialized e-waste and lithium-ion battery recycling entity, boasting the distinction of being the sole Indian producer of lithium carbonate—a testament to our commitment to innovation and sustainability. From batteries, we extract a range of valuable materials, including cobalt, nickel, manganese sulphate, and graphite, supporting both our lithium and battery business endeavours.
In the broader electronic waste sector, copper remains a principal product, supplemented by precious metals such as gold, silver, platinum, and palladium. This dual focus on e-waste and lithium-ion battery recycling not only revitalizes industries but also imbues electronic waste with a renewed purpose, aligning with our mission of environmental responsibility and resource conservation.
Integration of next-generation technologies is the key to every growing business. How does Recyclekaro plan to assimilate the same in their recycling processes?
At Recyclekaro, we prioritize the integration of next-generation technologies for sustainable growth in the recycling industry. Our commitment to staying at the forefront is evident through the implementation of cutting-edge solutions, particularly the hydrometallurgical process, ensuring precise extraction of valuable metals from electronic waste. Additionally, we have established an in-house Research and Development station, focusing on advancing recycling methodologies with a specific emphasis on lithium-ion batteries. This strategic investment reflects our dedication to continuous innovation, enabling us to enhance efficiency and contribute to environmental sustainability.
The word “Sustainability” has become the key mantra defining every new business model, what are your thoughts on this subject? How battery waste management tie into the larger concept of a circular economy?
Sustainability is the heartbeat of modern business. It’s not just a trend; it’s a fundamental necessity. Aligning with global environmental goals, it fosters resilience and longevity. Prioritizing sustainability resonates with conscious consumers, driving innovation and redefining success for a better, balanced world. Battery waste management and recycling promotes resource reuse, aligning with circular economy principles and our overarching goals. Instead of discarding batteries, recycling extracts valuable materials, reducing waste. This aligns with circular economy principles, where products and materials are reused or repurposed, minimizing environmental impact and conserving resources aligning perfectly with our overarching goals.
Mention some key challenges and opportunities associated with the transition to cleaner energy sources and how is government policies and schemes supporting the cause?
The transition to cleaner energy sources presents both challenges and opportunities. Challenges include inadequate e-waste management and battery disposal. To address this, the government has instituted e-waste and battery waste management rules, incorporating Extended Producer Responsibility (EPR) policies. Live tracking portals enhance traceability, holding manufacturers accountable. Tax breaks and subsidies incentivize registered recyclers, promoting formal recycling.
Opportunities lie in public awareness campaigns, educating citizens about proper disposal methods. For EV batteries, the Central Pollution Control Board (CPCB) introduced Battery Waste Management Rules, clarifying recycling procedures. EPR rules and traceability portals ensure producer and recycler accountability. These regulations signify a pivotal step in fostering sustainability in the Indian electric vehicle industry, ensuring responsible and environmentally sound management of EV batteries.
Any future plans on expansion or any upcoming project the company is currently working on?
Recyclekaro is poised to become India’s pioneer in employing plasma furnace technology for metal extraction from waste, thanks to our technology transfer agreement with BARC. This ground-breaking innovation will substantially boost our operational capacity. Looking forward, we are gearing up for global expansion, with plans to enter markets in the USA, Europe, Nepal, and Bangladesh. This strategic move not only aims to strengthen our operational prowess but also underscores our dedication to promoting sustainable waste management practices worldwide. Expanding into new territories will not only extend our geographical reach but also allow us to share our recycling expertise globally, playing a pivotal role in shaping a more sustainable and responsible future.