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http://dx.doi.org/10.5762/KAIS.2018.19.9.326

The Benefit-Cost analysis for Korea Lithium-ion Battery Waste Recycling project and promotion plans  

Mo, Jung-Youn (Korea Institute for Industrial Economics and Trade)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.19, no.9, 2018 , pp. 326-332 More about this Journal
Abstract
Korea faces major changes in energy policy, which include eco-friendly and zero-nuclear power. On the other hand, there are very few policies for the waste-management of mid- to large-sized lithium-ion batteries, such as electric car batteries and energy storage systems, which are expected to increase explosively due to such energy policy changes. Therefore, this study estimated the amount of mid- to large-sized lithium ion batteries waste and performed economics analysis of a middle and large sized secondary battery recycling project. Based on the results, a policy alternative for the revitalization of the related lithium-ion battery recycling industry is suggested. As a result, the B / C ratio of a domestic mid - to large - sized lithium ion battery recycling project is 1.06, in which the benefit is higher than the cost, so the business is economic feasible. Although the recycling project's economic efficiency is high, the recycling industry has not been activated in Korea because the domestic demand for rechargeable batteries recycling is very low. To solve this problem, this study proposes a plan to activate the industry by adding lithium secondary batteries to the EPR (Extended Producer Responsibility) items.
Keywords
Lithium-ion battery recycling; Benefit-cost analysis; Electric vehicle; Energy Storage System; EPR(Extended Producer Responsibility);
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