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NIFTY23,4060.33%
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NIFTY IT29,3845.57%
PHARMA24,0870.33%
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METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

IIT Bombay Partners with Evergreen Lithium Recycling to Advance Battery Recycling Operations

The Indian Institute of Technology Bombay (IIT Bombay) has announced a significant partnership with Evergreen Lithium Recycling, a leading technology company. On May 5, the two entities signed a technology licensing agreement aimed at advancing the extraction of critical minerals from battery reprocessing.

This collaboration marks a crucial step in building scalable, technology-driven solutions for India's emerging circular economy. The licensed technology is expected to deliver substantial benefits, including up to 30-40% processing cost optimisation while improving overall process efficiency.

The licensed technology was developed by Prof Swatantra Pratap Singh and his team from the Department of Environmental Science and Engineering at IIT Bombay. This innovative technology enables the recovery of critical minerals from wastewater and industrial waste streams.

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Prof Swatantra Pratap Singh's Research Focus

Prof Singh's research group is developing advanced membrane and electrochemical technologies to recover clean water, nutrients, lithium, rare-earth elements, acids, and other critical minerals from wastewater and industrial waste streams. Membranes are emerging as a critical technology enabling selective, energy-efficient, and sustainable resource recovery.

The research laboratory's focus is on converting waste into valuable resources, supporting India's priorities in clean energy, wastewater reuse, critical mineral security, and moving towards Atmanirbhar Bharat.

Comparison of Benefits

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

CompanyProcessing Cost Optimisation
IIT Bombay (licensed technology)Up to 30-40%
Average industry standardVaries (no specific data available)

Note: The comparison table highlights the potential benefits of the licensed technology in terms of processing cost optimisation.

Investor Takeaway

This collaboration may lead to advancements in battery recycling and critical mineral recovery, potentially benefiting the energy and power sector.

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