Singapore Company Shares Experience in Recycling Electric Vehicle Batteries
The foreign representative of JSC "NC "KAZAKH INVEST" in Singapore, Diana Ablyakimova, held a meeting with T Max, the Head of the KGS company, during which the parties discussed the experience of the Singapore company in the disposal and recycling of batteries for electric vehicles and other electronic waste, as well as the possibility of technology transfer to the territory of Kazakhstan.
D. Ablyakimova informed the company's representatives about the investment climate of the Republic of Kazakhstan, the work of KAZAKH INVEST, and state support measures. The foreign representative stressed an interest in studying the company's experience in connection with the growing popularity of electric vehicles in Kazakhstan.
"Kazakhstan is confidently moving towards its goal of achieving carbon neutrality by 2060, actively implementing sustainable green practices and developing, among other things, infrastructure for the operation of electric vehicles. Nevertheless, the environmental efficiency of electric vehicles is manifested only if they are safely disposed of. Without adequate methods of recycling batteries and other components, electric vehicles can become a serious environmental problem, leveling their advantages in reducing greenhouse gas emissions and pollutants," D. Ablyakimova noted.
In turn, T Max told the Kazakh representatives about the activities of KGS and Singapore's experience in developing sustainable practices and environmental protection. Thus, the company offers a range of services aimed at reducing the environmental impact of discarded electronics, supporting sustainable development, and compliance with local and international waste management standards. In 2023, KGS also began recycling lithium-ion batteries in Singapore. The capacity of the existing enterprise is 7000 tons. The company's technologies allow the extraction of reusable materials such as graphite, cobalt hydroxide, lithium carbonate, etc. from batteries.
Following the meeting, the parties agreed to strengthen investment cooperation in the further implementation of promising projects.
