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produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"content":568},"doc",[569,576,581,602,609,620,633,645,650,655,667],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"The US Department of Energy has allocated $680 million in awards to five battery recycling initiatives as part of a second round of funding under the Bipartisan Infrastructure Law (BIL). ","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579],{"text":580,"type":575},"Aligning with the Biden Administration’s vision of reducing reliance on Chinese-dominated supply chains, extracting battery minerals from spent lithium-ion battery cells is seen as a key area through which the US can increase its resource independence. This approach supports a circular, closed-loop supply chain, reducing the need for virgin critical minerals from third countries.",{"type":570,"attrs":582,"content":583},{"textAlign":49},[584,592,594,600],{"text":585,"type":575,"marks":586},"The Benchmark Battery Recycling Forecast",[587],{"type":588,"attrs":589},"link",{"href":590,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://www.benchmarkminerals.com/recycling/data-reports/forecast","url",{"text":593,"type":575}," projects that North America’s total scrap pool – ",{"text":595,"type":575,"marks":596},"derived from the growing number of end of life batteries and process scrap from an increasing number of active US-based battery gigafactories",[597],{"type":588,"attrs":598},{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://www.benchmarkminerals.com/",{"text":601,"type":575}," – is set to grow 8-fold to 82 gigawatt-hours (GWh) by 2030, presenting a clear opportunity for battery recycling projects in the region. ",{"type":603,"attrs":604,"content":606},"heading",{"level":605,"textAlign":49},4,[607],{"text":608,"type":575},"US targets circular economy",{"type":570,"attrs":610,"content":611},{"textAlign":49},[612,618],{"text":613,"type":575,"marks":614},"The first round of US Department of Energy (DoE) funding – announced in early 2022 – allocated $200 million to support battery recycling projects",[615],{"type":588,"attrs":616},{"href":617,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://source.benchmarkminerals.com/article/us-battery-supply-chain-momentum-continues-with-department-of-energys-3-16-billion-funding?_branch_match_id=1544394116855939684&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWT0oqzI0KdDUp9E%2ByrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAZBBYv0gAAAA%3D",{"text":619,"type":575}," and associated ecosystem, as well as offering $4 billion worth of tax credits across over 100 projects across the nation to increase sustainability within industrial practices.",{"type":570,"attrs":621,"content":622},{"textAlign":49},[623,625,631],{"text":624,"type":575},"Since the passage of the BIL and Inflation Reduction Act (IRA), projections for US battery recycling capacity by 2030 have doubled, according to the ",{"text":626,"type":575,"marks":627},"Benchmark Battery Recycling Forecast",[628],{"type":588,"attrs":629},{"href":630,"uuid":49,"anchor":49,"target":49,"linktype":591},"https://www.benchmarkminerals.com/recycling/data-reports/forecast/",{"text":632,"type":575},". ",{"type":570,"attrs":634,"content":635},{"textAlign":49},[636,638,643],{"text":637,"type":575},"However, the current low price environment for critical minerals are ",{"text":639,"type":575,"marks":640},"squeezing margins in the recycling industry",[641],{"type":588,"attrs":642},{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":591},{"text":644,"type":575},", making it harder for new projects to secure private-sector financing. ",{"type":570,"attrs":646,"content":647},{"textAlign":49},[648],{"text":649,"type":575},"Moreover, the majority of recycling operations in North America are pre-treatment only, leaving relatively few players able to process black mass into battery chemicals. Those that have this capability have struggled to compete with black mass demand from larger players in Asia, leading to an outflow of black mass from North America to Asia.",{"type":570,"attrs":651,"content":652},{"textAlign":49},[653],{"text":654,"type":575},"To circumvent this outflow, integrated recyclers in North America are seeking partnerships to recycle end-of-life batteries and process scrap with regional automakers and battery manufacturers. ",{"type":570,"attrs":656,"content":657},{"textAlign":49},[658,660,665],{"text":659,"type":575},"This week, leading US-recycler ",{"text":661,"type":575,"marks":662},"Redwood Materials added BMW electric vehicles",[663],{"type":588,"attrs":664},{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":591},{"text":666,"type":575}," to its roster of partnerships, which includes Toyota, Volkswagen, General Motors (through Ultium Cells), Audi and Ford (through BlueOvalSK).",{"type":570,"attrs":668,"content":669},{"textAlign":49},[670],{"text":671,"type":575},"To address regional challenges for battery recycling, the second round of DoE funding plans to support the expansion of battery recycling infrastructure in the US:","The US Department of Energy has allocated $680 million in awards to five battery recycling initiatives as part of a second round of funding under the Bipartisan Infrastructure Law (BIL). Aligning with the Biden Administration’s vision of reducing reliance on Chinese-dominated supply chains, extracting battery minerals from spent lithium-ion battery cells is seen as a […]",[674],{"slug":558,"name":559,"content":675},{"job_title":561,"image":676,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"d6693a63-0ff7-40ed-995d-4d69dc975772\", \"id\": \"\"}-->","article",[680,683],{"slug":681,"name":682},"recycling","Recycling",{"slug":684,"name":685},"sustainability","Sustainability","private",{"id":49,"alt":688,"name":688,"focus":688,"title":688,"source":688,"filename":689,"copyright":688,"fieldtype":690,"meta_data":691,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/efe4a06eb0/bm-battery-car-2.jpg","asset",{"alt":688,"title":688,"source":688,"copyright":688},"Sep 27, 2024","27th September 2024",[],[],1784740321653]