Gravita and partners to launch Oman battery recycling plant 

Gravita and partners to launch Oman battery recycling plant 

Gravita and partners to launch Oman battery recycling plant  885 590 Batteries International

March 2, 2023: Gravita India is to invest in the construction of a lead batteries recycling plant in Oman — its first in the Middle East, the company announced on February 24.

Gravita Netherlands, its subsidiary, has agreed a memorandum of understanding for the project in which it will hold a 50% stake, with the remaining equity held by other undisclosed Oman-based partners.

The plant, to be designed and developed in India, will be managed by GNBV and have an initial, first-phase battery recycling capacity, of 6,000 tonnes per annum.

Gravita said the total investment for the first phase was around Rs40 crore ($5 million) of which GNBV’s share of investment would be around Rs20 crore.

The company has not disclosed the location of the plant, given a commissioning date or commented on further development phases.

Gravita operates similar recycling facilities in Togo, Senegal, Ghana, Mozambique, Tanzania and Sri Lanka in addition to India.

CEO Yogesh Malhotra revealed last August that the company was eyeing opportunities to further expand its operations outside India.

Battery recycling investment in the Middle East has gathered pace since last March, when Italian group Seri Industrial said ground had been broken for a combined lead acid battery manufacturing plant and recycling facility in the United Arab Emirates (UAE).

The company behind the Dubai Industrial City project — Dubatt Battery Recycling — is a joint venture between Dubai-based Regency Group and Seashore Group. Dubatt is investing AED110 million (about $30 million) in the project.

In August, Royal Gulf Industries announced it would invest more than AED62 million ($17 million) to build a lead batteries recycling centre in the UAE.