Dr. Daniel Schönfelder, President of BASF’s Catalysts division, and Francesco Donato, Head of Iveco Group Procurement. Photo: BASF SE

BASF to recycle electric batteries and recover raw materials for Iveco 

The Iveco Group has chosen BASF as its first partner for recycling lithium-ion batteries from its electric vehicles. The chemical company will collect, package, transport and recycle the batteries in several European countries to recover critical raw materials in the face of a severe shortage.

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BASF, which has recently inaugurated Europe’s first co-located center of battery material production and battery recycling in Schwarzheide, Germany, will organize and manage the entire recycling process for the lithium-ion batteries used on Iveco Group electric vans, buses and trucks.

The agreement includes the collection, packaging, transport, and recycling of batteries, in various European countries including, among others, France, Germany and UK. After collection, BASF will mechanically process the batteries to black mass, from which critical raw materials – such as nickel, cobalt, lithium – can be extracted and recovered for use in the manufacturing of new batteries. Thus, BASF will establish the full battery recycling value chain in Europe to locally provide recycled metals with a low carbon footprint for the battery industry.

“Life cycle thinking is one of our strategic sustainability priorities,” commented Angela Qu, Chief Supply Chain Officer, Iveco Group. “BASF shares this approach with us, and its broad battery collection network and recycling capabilities in Europe will help us close the loop from end-of-life batteries to new ones. Working together we will enable a circular economy and reduce our CO2 footprint, which is fully in line with the Group’s commitment to reach net zero carbon by 2040.”

Dr. Daniel Schönfelder, President of BASF’s Catalysts division and in charge of the company’s battery materials and battery recycling business, stated that the partnership with Iveco Group represents their initial agreement to recycle batteries from electric vans, buses, and trucks. He emphasised that this collaboration is a significant stride for BASF’s battery recycling business, marking its expansion into the commercial vehicle sector.

 “It will allow us to further strengthen our European collection network and make further progress in this developing market. With our recycling solutions, we aim to support the European market to close the loop and meet the ambitious circular economy-focused policy requirements of the EU Battery Regulation,” he added.