Dr Akshay Singhal, Founder and CEO of Log9 Materials
“The newly introduced Battery Waste Management standards by the Government under the Extended Producer Responsibility (EPR) concept addresses two important concerns: first, efficient and effective waste management of all Li-Ion batteries that are nearing the end of their useful life and are expected to end up in landfills in a few years, avoiding any residual pollution impact. And secondly, it emphasizes the importance of investing in and nurturing the recycling of these used batteries, hence reducing the reliance on fresh resource mining. We at Log9 welcome the new standards, and further, we are happy and proud to note that our goal of Pioneering Responsible Energy (PRE) is being manifested here through the notion of Extended Producer Responsibility (EPR).”
Mr Shubham Vishvakarma, CEO and Chief of Process Engineering of Metastable Materials
“The Battery Waste Management Rules announced by the Government of India is an excellent and much-needed step towards bringing to the fore innovations and myriad growth opportunities for the battery waste management and battery treatment space in our country, especially at a time when the ongoing EV boom in India is leading us to increase concerns on e-waste. Under the new Rules notified, the Government has mandated a minimum percentage of recovery of various materials from end-of-life batteries — which is bound to enable the growth of novel business models such as urban mining in order to reduce India’s foreign dependency on procuring raw materials for EV batteries and other types of batteries. Furthermore, we are happy to note that the utilization of a certain amount of recycled/recovered materials in terms of manufacturing new batteries has been prescribed; this has the potential to be proved to be a game-changer in the long run in boosting a circular economy concept across various industry sectors.”