Mumbai, 30th May 2024: Recyclekaro, a leading e-waste and lithium-ion battery recycling company, is proud to announce its registration on the government’s Extended Producer Responsibility (EPR) portal for e-waste recycling. As a lithium-ion battery recycling industry leader, Recyclekaro joins Lohum Cleantech, Attero, and LICO Materials as one of the four registered lithium-ion battery recyclers, reinforcing its commitment to sustainable e-waste management. Based on its existing recycling capacity, Recyclekaro will help lithium-ion battery and electronics product manufacturers, producers, and importers in India meet their EPR targets. These targets include 4,200 MT for lithium-ion battery recycling and 15,000 MT for e-waste recycling, ensuring comprehensive support for sustainability goals.
India is the third-largest e-waste producer globally, generating 1.71 million metric tons annually, with only approximately 40% of e-waste recycled in the last financial year. To address this challenge, the EPR portal, an initiative by the Central Pollution Control Board (CPCB), provides a transparent and accountable framework for electronic waste management in India. It centralizes the tracking of e-waste from production to disposal, connecting manufacturers with registered recyclers like Recyclekaro and streamlining collection and recycling processes. The system offers financial incentives through EPR credits, making recycling economically viable and supporting companies in meeting sustainability targets. Additionally, the platform ensures regulatory compliance, improves data collection and reporting, and encourages innovation in recycling technologies, fostering a more sustainable approach to e-waste management in India.
The Battery Waste Management (BWM) Rules, 2022, notified by the Ministry of Environment, Forest and Climate Change, apply to all types of batteries. These rules mandate that producers (manufacturers, importers) meet collection and recycling targets to fulfil Extended Producer Responsibility (EPR) obligations. Producers, recyclers, and refurbishers must register through the online portal developed by the CPCB, which enhances accountability, traceability, and transparency in meeting EPR obligations.
Rajesh Gupta, Founder & Director of Recyclekaro, commented, “Registering on the government’s EPR portal not only allows us to connect directly with manufacturers, fulfilling their waste management responsibilities, but also significantly enhances our business opportunities. Being among the four registered recyclers for lithium-ion battery end to end recycling is a major milestone and a recognition that showcases our credibility. This registration strengthens our position in the industry and supports our mission to promote sustainable and responsible recycling practices.”
Recyclekaro has established a strong presence in the Indian recycling industry, achieving 90% metal extraction efficiency with purity levels exceeding 99% from scrap batteries. The company plans to double its recycling capacity by the second quarter of FY 2024-25.