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Highlights
– Settlement to amass international rights photovoltaic (PV) photo voltaic panel recycling expertise
– “Microwave Joule Heating Know-how” (MJHT) from Macquarie College
– Utilises microwave expertise to selectively warmth and delaminate PV cells
– 60-78 million tonnes of waste photovoltaic (PV) modules cumulated by 2050
– At this time solely 15% of waste photo voltaic cells are recycled worldwide
– Most find yourself in land fill as useful waste
– Exhausting to recycle, excessive temperature furnace, poisonous chemical compounds, low restoration
– MJHT and Delamination allows selective separation of supplies – larger recoveries
– To research additional restoration of silver, silicon, gallium and indium
– Binding commitments acquired to boost $1.7 million through placement to current and new subtle {and professional} traders
The rights will likely be secured through an unique licensing settlement (“Licensing Settlement”) with Macquarie College (“MQU”), held via an Australian-incorporated holding firm, New Age Minerals Pty Ltd (“NAM”). The important thing phrases of the Licensing Settlement are set out in Schedule 1*. The transaction will likely be effected by LU7 buying 100% of the issued share capital of NAM (“Proposed Transaction”).
The premise of the expertise platform utilises microwave expertise to selectively warmth silicon thereby softening the EVA encapsulant in photo voltaic panels, enabling straightforward delamination and potential restoration of useful supplies at room temperature. This method avoids the necessity for excessive warmth (1400degC) sometimes required for separating supplies like glass and silicon in addition to the usage of expensive hazardous chemical compounds in conventional processes. Delamination allows selective separation of supplies with out the necessity for mechanical crushing, whereas conventional crushing strategies typically lead to cross-contaminated materials and decrease restoration charges.
A report printed by the Worldwide Vitality Company Photovoltaic Energy Programs Programme1 projected that international waste PV modules will quantity to 1.7-8.0 million tonnes cumulatively by 2030 and 60-78 million tonnes cumulatively by 2050. By 2035, Australia is anticipated to build up 1 million tonnes of photo voltaic panel waste value over A$1 billion, whereas the worldwide CIGS (Copper, Indium, Gallium, Selenide) photo voltaic cell market is projected to develop to US$12.23 billion by 2032.
Presently, solely 15% of used PV cells are recycled, with the remainder accumulating in landfills.
This low recycling fee is because of advanced processes, high-temperature furnaces, poisonous chemical compounds, and poor restoration yields. The Know-how, developed by MQU, enhances the extraction of useful metals corresponding to silver, silicon, gallium, and indium from discarded PV panels utilizing microwave and delaminating methods. The breakthrough expertise provides a promising new method for enhanced restoration of useful metals like Silver, Silicon, Gallium, and Indium. The Firm plans to provoke additional analysis and improvement on this space.
THE PROBLEM TODAY
The world’s renewable power transition is shifting quick, with large-scale PV photo voltaic panels enjoying a central position in nationwide power methods. The worldwide photo voltaic cell market is projected to hit US$39.81 billion by 2037, rising at a compound annual progress fee (CAGR) of round 8.2%.
Roughly 37% of Australian households have put in photo voltaic panels. This represents over 4 million properties and small companies with solar energy programs. The Clear Vitality Council reviews that 12.4% of Australia’s electrical energy era in 2024 got here from rooftop photo voltaic.
Nonetheless, as these panels method the tip of their 25-30-year lifespan, the trade faces a rising problem: managing photo voltaic panel waste and recovering useful supplies. A report printed by Worldwide Vitality Company Photovoltaic Energy Programs Programme (IEA PVPS) Task12 and the Worldwide Renewable Vitality Company (IRENA) in 2016 projected world’s waste PV modules globally to quantity to 1,7-8,0 million tonnes cumulatively by 2030 and to 60-78 million tonnes cumulatively by 2050. By 2035, Australia alone is anticipated to build up 1 million tonnes of end-of-life photo voltaic panels, with a complete materials worth of over $1 billion. By 2045, Australia may very well be taking a look at 34.6 GW of serviceable panels that can have to be recycled or repurposed, equal to the whole put in photo voltaic capability within the nation as of August 2024.
LOW RECYCLING RATES
The worldwide recycling fee for PV photo voltaic panels is round 15%, pushed by a number of challenges. The recycling course of is advanced, requiring excessive temperatures and poisonous chemical compounds, making it expensive and power intensive. Financial incentives are restricted because the restoration of useful supplies like silicon doesn’t present ample monetary returns. Nonetheless, if recycling applied sciences can successfully appeal to and get well crucial supplies like silver, silicon, gallium, and indium, the monetary viability of recycling improves, driving larger recycling charges.
Moreover, the dearth of recycling infrastructure and the varied supplies in panels additional complicate environment friendly separation, however developments in expertise are addressing these points.
When waste PV cells aren’t recycled, they typically find yourself in landfills, inflicting quite a few environmental issues.
Panels can comprise dangerous supplies like cadmium and lead, which can leak into the bottom and water, posing dangers to each ecosystems and human well being. Helpful metals like silver, silicon, gallium, and indium are misplaced, including to the pressure on pure sources. As extra photo voltaic panels attain the tip of their life, landfills refill, and the power saved in these supplies is wasted. Recycling might help remedy these points by recovering crucial supplies and chopping down on air pollution.
POTENTIAL GROWTH OF PV RECYCLING INDUSTRY
The nascent PV photo voltaic panel recycling trade is experiencing speedy progress as a result of growing demand for crucial metals corresponding to silicon, silver, and indium, which maintain substantial financial worth. As the marketplace for endof-life (EoL) photo voltaic panels expands, pushed by each financial alternatives and environmental wants, the restoration of those supplies is turning into a profitable enterprise. The marketplace for recyclable supplies from EoL photo voltaic panels is projected to achieve over $2.7 billion by 2030 and will method $80 billion by 2050, in accordance with Rystad Vitality. This progress is additional fuelled by the truth that recovering supplies from used panels can offset the necessity for expensive and environmentally damaging virgin materials extraction. Moreover, recycling helps safe a home provide of crucial metals, decreasing reliance on risky overseas sources. Developments in recycling expertise, significantly in recovering high-value supplies like silicon and silver, are making these processes extra economically viable and environmentally mandatory. Analysis has demonstrated that as much as 98% of silver and almost all of copper, lead, and different useful metals may be recovered effectively, enhancing the profitability of the recycling trade. As expertise improves, the recycling of PV panels will play an important position in supporting the transition to a round economic system and sustainable power future.
CRITICAL METALS IN PV CELLS
Because the demand for crucial minerals continues to rise with the worldwide shift to wash power, the necessity to get well useful supplies from these panels turns into more and more pressing. Photo voltaic panels are made up of 95% recyclable supplies, together with silver, aluminum, silicon, copper, indium, and gallium-all of that are important to international clear power provide chains. Uncommon metals like gallium are important for photo voltaic gas cells, semiconductor chips, and different high-tech functions, making their restoration from e-waste a key precedence.
COMMENTS: EXECUTIVE CHAIRMAN, IGGY TAN
“Now that we now have accomplished our lithium refinery DFS and secured all mandatory components-including land and partnerships-we are positioned and prepared for a lithium value restoration. We’re assured in our counter-cyclical technique and firmly imagine that LU7 will profit considerably when the lithium market rebounds. Whereas awaiting this restoration, we now have been offered with an thrilling alternative to amass a cutting-edge photovoltaic recycling expertise”.
“I’m thrilled in regards to the acquisition of Macquarie College’s Microwave Joule Heating Know-how (MJHT) and the chance to probably extract crucial metals corresponding to silver from photo voltaic panel recycling.
The necessity for efficient PV recycling has by no means been better, with solely 15% of panels at present being recycled. The mass accumulation of photo voltaic panel waste in landfills is a rising downside, as useful crucial metals like silver, silicon, gallium, and indium are left behind, contributing to each useful resource depletion and environmental hurt. Microwave expertise provides a promising resolution to those challenges, enabling larger restoration charges and extra sustainable recycling processes. We firmly imagine that this expertise represents the way forward for photo voltaic panel waste administration. We’re desperate to collaborate with the Macquarie staff to develop a extra environment friendly and cost-effective recycling course of”.
*To view the total launch with tables and figures, please go to:
https://abnnewswire.web/lnk/A0938OHA
To view the Market Presentation, please go to:
https://www.abnnewswire.web/lnk/JJ10ITOI
About Lithium Universe Ltd:
Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by trade path blazer, Iggy Tan, and the Lithium Universe staff has a confirmed observe report of fast-tracking lithium initiatives, demonstrated by the profitable improvement of the Mt Cattlin spodumene venture for Galaxy Assets Restricted.
As an alternative of exploring for the sake of exploration, Lithium Universe‘s mission is to shortly acquire a useful resource and assemble a spodumene-producing mine in Quebec, Canada. Not like many different Lithium exploration corporations, Lithium Universe possesses the important experience and expertise to develop and assemble worthwhile initiatives.
Supply:
Lithium Universe Ltd
Contact:
Alex Hanly
Chief Govt Officer
Lithium Universe Restricted
Tel: +61 448 418 725
E mail: information@lithiumuniverse.com
Iggy Tan
Chairman
Lithium Universe Restricted
E mail: information@lithiumuniverse.com
