GE announces plans to support Saudi Arabian manufacturing sector
General Electric has announced new partnerships and investments to assist in improving Saudi Arabia's image as an international hub of industry and manufacturing. This will include a heavy focus on the creation of jobs for locals - including women - and SME entrepreneurs.
GE's new initiative will support the goals of the Saudi Vision 2030, approved by the Custodian of the Two Holy Mosques HRH King Salman bin Abdulaziz Al-Saud and endorsed by the Saudi Cabinet, which is set to transform the Kingdom's growth. The plan is to support economic and industrial diversification, create quality jobs for Saudi nationals, and increase productivity and efficiency across many sectors.
GE will collaborate with the Saudi Arabian Industrial Investments Company - SAIIC - to develop further joint ventures to expand and localise industrial value chains in the Kingdom with the intention of serving the global market, not only the local one. It is also partnering with Saudi Aramco, Cividale SpA, Middle East Propulsion Company, Saudi Industrial Property Authority, Prince Mohammed bin Salman bin Abdulaziz Al-Saud foundation, Asharqia Chamber, National Industrial Clusters Development Programe, and more.
The new initiatives were announced by GE's Chairman and CEO, Jeffrey Immelt, during a visit to the Kingdom during which he underlined the company's commitment to Saudi Arabia's industrial goals.
Immelt said: “We are a committed partner in supporting the Kingdom’s transformational and diversified growth, underscored by our 80 years of presence in Saudi Arabia. Our roots are deep, and today with our partners, we are growing in a new and visionary way. Together, we will create quality jobs for Saudi youth, help build a robust SME chain, boost exports, enhance economic competitiveness, and support the vision and aspirations of Saudi Arabia. New sustainable and equitable opportunities as well as strong business outcomes will flourish under these initiatives.”
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Ultium Cells LLC/Li-Cycle: Sustainable Battery 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.