China approves greener lithium extraction method

China has approved a new method of extracting lithium in a more efficient and environmentally friendly way, according to Xinhua News.

Professor of the institute of environmental science and engineering in Nanchang University Qiu Zumin told Xinhua News the lithium extraction technology has passed the national scientific and technological achievements appraisal. It is expected to replace China’s current methods of extracting lithium, which have been blamed for creating significant amounts of waste with low profitability.

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Lithium batteries are used in most electronics, from mobile phones to computers, to electronic cars. Currently, China imports 80 per cent of its lithium carbonate.

Xinhua News says China’s traditional methods produce 30 to 40 tonnes of waste to produce one tonne of lithium carbonate, while also being expensive to treat.

The new methods has been jointly developed by the Jiangxi Haohai Lithium Energy, Nanchang University and other institutions to separate all the elements in lithium micas.

Chair of Haohai Peng Guiyong told Xinhua News the company plans to invest one billion yuan ($205 million AUD) to build a production line with an annual capacity of 40,000 tonnes of lithium carbonate.

Solid waste market to exceed $340B by 2024

The global solid waste management market is expected to exceed USD 340 billion (AUD452.8) by 2024, according to a new research report from market research firm Global Market Insights Inc.

According to the report, the solid waste management industry has been growing significantly in terms of remuneration, due in part to increasingly stringent regulatory norms and guidelines.

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The European market is also set to grow exponentially as countries like the UK and Germany adopt new recycling technologies and introduce comprehensive directives to lower air pollution and land usage, according to the report.

It estimates the UK solid waste management industry size will surpass a total processing capacity of over 35 million tonnes by 2024.

The region also has been characterised by the interest in waste to energy (WtE) facilities being set up, the report said. Hitachi Zosen Inova AG has also announded recently to build Turkey’s first WtE plant – planned to be the largest WtE project in Europe with the capacity to process 15 per cent of Istanbul’s solid waste per year.

The report also says that companies like Biffa Group, Hitachi, Veolia, Amec Foster Wheeler, E.L. Harvey & Sons, and Stericycle have been focusing on acquiring upcoming companies to fortify their presence in the industry.