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Get StartedThe global market for lithium-ion battery recycling is expected to reach 35 billion U.S. dollarsby 2031. This figure compares to around six billion U.S. dollars in 2022. Includes battery cell and
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Get StartedIn 2017, as part of its innovation process, FORTECH decided to tackle the challenge of recycling lithium batteries, a long-lasting product whose consumption is increasing exponentially (Costa
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Get StartedMar 13, 2023 · Some 1,500 tons of batteries fall into disuse annually in Costa Rica, says Francisco, the company''s project manager. While mining
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Get Started“The batteries that arrive from Asia, Europe or the United States to Costa Rica are used here, end their useful life, are recycled, the materials are recovered and sent, for example, to Europe for the production of new batteries in a circular economy logic,” said Kruse.
Daniel Rivas, technical manager in charge of batteries at Fortech, said that they are looking to “recover the materials to be able to carry out urban mining” and not have to “go to a mine to do more damage to the environment”. Mining is prohibited by law in Costa Rica.
This mineral, called “white gold” or “oil of the 21st century,” has seen its price soar from $5,700 a ton in November 2020 to $60,500 in September 2022 thanks to the rise of electric vehicles, in the race to abandon fossil fuels. But the dark side of lithium recovery is that each extraction plant consumes millions of liters of water per day.
Mining is prohibited by law in Costa Rica. This Fortech plant “makes Costa Rica a pioneer in Latin America in the valorization of used lithium batteries,” notes the German Development Cooperation Agency GIZ. The University of Aachen in Germany estimates that by 2028 the amount of discarded batteries will exceed the recycling capacity in Europe.
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