Yet Another Lithium Recycler Startup Joins Crowded Field
April 11, 2022
Ascend Elements is yet another Lithium ( and more!) recycler jumping into a very active space.
Don’t assume that the battery tech of 2020 will not be vastly improved by 2025.
I love these reports from CNBC’s Diana Olick, and I love the look on her face when her old-fart colleague starts asking if these new-fangled Electric cars are all that clean – just before she sets him straight.
April 12, 2022 at 3:01 am
I hope more presenters, when talking about recycling battery materials, would more often interject that fossil fuels* are use-once materials.
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*Yes, some percentage of crude oil becomes some form of plastics, of which less than 9% are recycled worldwide.
April 12, 2022 at 10:10 am
Exactly. Lots of hand ringing about lithium mining for EVs
4.2 BILLION TONS of Oil are extracted every year
compared with 80,000 tons of lithium
So, about 50,000 times as many tons of oil extracted as tons of lithium mined
8 Billion tons of Coal are mined every year
or 100,000 times the tons of lithium mined
But the oil and coal are all used up this year, right away
The Lithium ion batteries in EVs last 10 years
So now it’s 500,000 times as much oil and 1,000,000 times as much coal, over a ten year period