GEM – the global urban mines leader and new energy materials promoter – QNT Press Release

GEM, as a key company in the first batch of Chinese leading green enterprises planning to list on the Swiss Stock Exchange, has attracted global capital markets and industry attention.

SHENZHEN, China, July 24, 2022 /PRNewswire/ — GEM was founded in China twenty years ago. The founder of the company has a green dream, is dedicated to the world’s green development and spares no effort to address climate change.

Humankind and nature are one living community, and only when they live in harmony can they have a better life.

In 2021, in the City of Glasgowdelegates representing nearly 200 countries seized what is considered to be the “last opportunity” to reverse the climate crisis by bravely agreeing the Glasgow Climate Pact. Ultimately, humanity has made a difficult but wise choice: limiting the global temperature rise to 1.5 degrees Celsius and pledging to cut global carbon dioxide emissions by nearly half by 2030. From the Kyoto Protocol to the Copenhagen Climate Change Conference to the Paris Climate Agreement, it took 25 years for humanity to finally move from a tiny step in a long history, to a tremendous leap in human civilization, by collectively embarking on the journey of carbon reduction!

In December 2001a Chinese recycling technology researcher, Professor Xu Kaihua of Central South Universitytook the lead in proposing the concept of a green and low-carbon recycling industry with “limited resources, unlimited recycling” in China. Professor Xu launched the concept of “Green-Eco-Manufacture” in Shenzhen, Chinathus naming his company “GEM”. Professor Xu was hoping to resolve the double contradiction between the growing shortages of resources worldwide and the environmental pollution associated with traditional methods of procuring resources through exploiting urban mines and building a resource recycling model. Since that time , Professor Xu Kaihua has led his GEM team down the road to realizing a key green industry dream:”Exploiting urban mines, creating the world’s recycling factory”

Central South University is a first-class university dedicated to non-ferrous metal mining, smelting and new energy development in China. It has educated and cultivated more than 30% of the engineering and technical top talented people in the field of non-ferrous metals and new energy in China.

In the past 20 years, GEM started with recycling nickel-cobalt resources and mobile phone batteries, moving on to include waste electronics and electrical equipment (E-waste), end-of-life vehicles, and power batteries (such as those used in Electric Vehicles (EVs). GEM then entered the world of re-manufacturing power batteries and power battery materials. Thus, GEM has thoroughly explored virtually all pathways for the comprehensive exploitation of urban mines. It has built an urban mining system centered on Chinese cities , and has successively made breakthroughs in key technologies such as used batteries, E-waste, end-of-life vehicles, lithium-nickel-cobalt-tungsten rare metal waste, power battery recycling, and the ternary “core” manufacturing of power battery materials. GEM has also developed key technologies and equipment systems for waste recycling, and constructed a new energy full life cycle value chain, which is the lithium-cobalt-nickel-tungsten resource recycling value chain, E-waste recycling value chain and new energy recycling models.

It has registered 2,455 patents in China and the world, won the China National Science and Technology Progress Award twice, and has more than 1,050 innovative talents (staff who have been recognized for their innovative abilities). It has been successively awarded by the Chinese government as a national circular economy pilot enterprise , a national circular economy education demonstration base, and a national “urban mines” demonstration base, a National Green Factory, a National Environmental Education Social Practice Base for Primary and Secondary School Students, a National Ecological Environment Science Popularization Base and other honorary green titles . GEM’s achievements in exploiting urban mines have also been recognized by the world. It has won the “Global Circular Economy Award” in Davos in 2018. In 2021, the Hurun Research Institute ranked GEM as the number 8th Chinese company in terms of its alignment to implement the United Nations Sustainable Development Goals (SDGs). GEM has also participated in a key project of the Global Environment Facility (GEF) as a case study to reduce emissions of Persistent Organic Pollutants (POPs) from organic wastes. GEM has been written up in “Nature” magazine, and selected for Forbes Magazine’s “2021 China’s Most Innovative Enterprise List” TOP-50 list. GEM is a world-leading enterprise for enabling the circular economy, and has made contributions to the construction of a circular society and a green and low-carbon industrial model. GEM Is truly representative of the world’s advanced enterprises that practice green and low-carbon development.

The development of GEM has complemented this historical opportunity for China’s capital markets to promote green development.

In January 2010GEM, which had already been established for 9 years, listed on the Shenzhen Stock Exchange with the first shares related to exploiting urban mines and contributing to China’s circular economy. The raising of investment capital on the Exchange enabled the further expansion of GEM’s urban mining efforts.

Investment in GEM on the Shenzhen Exchange arrived in a timely manner and enabled GEM to rapidly develop some 16 waste recycling facilities in 11 provinces and municipalities, including Hubei, Hunan, Guangdong, Jiangxi, Henan, Tianjin, Jiangsu, Zhejiang, Shanxi, Fujian Fujianand Inner Mongolia (among others). With the opening of GEM’ New Energy Materials Park, waste recycling range spans a radius of some 3,000 kilometers across Chinaand has established a waste treatment partnership with a catchment area more than 500 million residents. The footprint of this circular development covers nearly 9 million square kilometers of China.

At the same time, GEM has also invested in facilities in South Africa, South Korea and Indonesiathus exploiting urban mines on an international basis, therefore serving the world with green technology.

Thanks to 20 years of green efforts and recycling industry practices, GEM has realized the successful operation of the urban mines in Chinaand has proved in China that resource recycling can enter the mainstream of economic development and strategic emerging industry development.

1. Bravely going forward, building a power battery recycling system, meeting the challenges of the EU’s “New Battery Act” and China’s new energy development, and promoting new energy “from green to green”

GEM, as one of the first Chinese companies listed on the Swiss Stock Exchange (SIX), plans to build a power battery recycling facility in Europe to serve the requirements for new energy development for power batteries and nickel-cobalt-lithium resource recycling. At present, GEM has built power battery recycling facilities all over Chinaand in South Korea and Indonesia. GEM’s ambition is to build a global power battery recycling system and become a global power battery recycling enterprise.

The “New EU Battery Regulation,” implemented on January 1, 2022requires that by 2030, the proportion of recycled materials of cobalt, nickel and lithium in battery production shall not be less than 12%, 4%, and 4%; by 2035, cobalt, nickel, and lithium in the use of recycled materials shall not be less than 20%, 12%, and 10%. These requirements in the “New EU Battery Regulation” presents new challenges to the global new energy vehicle industry.

In 2019, the Chinese government issued the “Industry Specifications for Comprehensive Utilization of Used Power Batteries for New Energy Vehicles (2019 Version)”, which stipulates that the recovery rate of recycled lithium, nickel and cobalt shall not be less than 85%, 98.5 % and 98.5%, respectively.

In 2016, when the world’s new energy industry was still in its infancy, GEM proposed to build a new energy full life-cycle value chain of “recycling of used batteries – raw material remanufacturing – material remanufacturing – battery pack remanufacturing – cascade utilization”. By promoting the world’s new energy vehicle industry chain from “green manufacturing to manufacturing green,” GEM believes that the development bottleneck of new energy is the recovery of the residual value of the power battery life-cycle. This life-cycle residual value includes two components. The first is that once the effective capacity (charge and discharge capacity) of a power battery is reduced (through many cycles of use) to 60%-70% of its original capacity, the battery can no longer meet the functional needs of consumers for new energy vehicles. Such batteries therefore need to be retired from use in EVs. This retired power battery cannot be recycled as waste, but can be downgraded from automotive applications to non-automotive applications such as engineering machinery, energy storage, and two-wheeled vehicles. Subsequent practices have proven that this concept of the power battery life -cycle value chain proposed by GEM in 2016 fully fits to conciliate the current practical contradiction of global new energy development. The residual energy value of batteries with 60-70% residual c apacity is much greater than the value of being treated…

Full story available on

Source link

Recommended For You

About the Author: News Center