May 16, 2020

Aldermore Bank confirms CBI's SME findings

Aldermore Bank
CBI
CBI Industrial Trends
Carl D'Ammassa
Nell Walker
1 min
Aldermore Bank confirms CBI's SME findings
As reported previously by Manufacturing Global, small and medium UK manufacturers are reporting strong growth in orders, according to the CBI Industrial...

As reported previously by Manufacturing Global, small and medium UK manufacturers are reporting strong growth in orders, according to the CBI Industrial Trends survey.

Carl D’Ammassa, Group Managing Director of Business Finance at Aldermore Bank – a lender which specialises in helping SMEs – offered the following expert comment:

“After a relatively tough year for manufacturing, it’s heartening to see that SMEs in this industry are currently feeling optimistic. With manufacturing accounting for around 11 percent of UK economic output it is vital that businesses, and especially those at the smaller end of the scale, get the assistance they need, particularly as we are heading into a year that is likely to bring further uncertainty.

“Our experience echoes that of the CBI – we know that SMEs in manufacturing are largely optimistic about their growth prospects and many are planning to expand in a number of ways including entering new markets, developing new products and services and enhancing their technology. Our own research reveals that almost one in five UK SMEs are expecting to invest additional capital in order to grow their business in the coming year and the majority of these are confident they will be able to access the finance they need to develop and carry on trading successfully into the future.”

 

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May 12, 2021

Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing

SustainableManufacturing
BatteryCell
EVs
Automotive
2 min
Ultium Cells LLC and Li-Cycle join forces to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing

Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing

 

What is Ultium Cells LLC?

Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”

Who is Li-Cycle?

Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.

As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”

Why are Ultium Cells LLC and Li-Cycle join forces?

By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.

“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).

"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.

"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.

Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.

"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.

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