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“We will achieve a circular economy for used batteries and rare metals”… Supply and demand companies join hands
Published2024.07.10 12:38
2024 Circular Economy Large-SME Win-Win Lounge Held… Emphasizing Eco-friendliness and Supply Chains
Introduction of 1:1 consultation sessions between supply and demand companies… Focusing on discovering concrete results
The Ministry of Trade, Industry and Energy (hereinafter the Ministry) held the '2024 Circular Economy Large and Small Business Win-Win Lounge' on the 10th to strengthen cooperation between demand and supply companies in the circular economy and to support the discovery of new businesses through win-win cooperation.
The circular economy is an eco-friendly economy that maximizes resource efficiency throughout the entire product process; its importance is being emphasized not only in waste reduction but also in the product supply chain, from raw materials to finished goods.
In particular, the battery and metal sectors are considered the areas most urgent for the development of a circular economy due to the global expansion of electric vehicle adoption and intensifying competition to secure rare metals.
The event, which marked its fourth edition in 2024, was organized under the theme of 'circular economy of used batteries and recycling of rare metals,' the importance of which has recently been highlighted due to European Union battery regulations and digital product passports, and a total of 55 companies participated.
The circular economy is an eco-friendly economy that maximizes resource efficiency throughout the entire product process; its importance is being emphasized not only in waste reduction but also in the product supply chain, from raw materials to finished goods.
In particular, the battery and metal sectors are considered the areas most urgent for the development of a circular economy due to the global expansion of electric vehicle adoption and intensifying competition to secure rare metals.
The event, which marked its fourth edition in 2024, was organized under the theme of 'circular economy of used batteries and recycling of rare metals,' the importance of which has recently been highlighted due to European Union battery regulations and digital product passports, and a total of 55 companies participated.
This event was largely composed of two programs: business partnering and business model presentation and exhibition.
Business partnering is a consultation session designed to identify cooperative projects by connecting suppliers and demand companies. In 2024, 1:1 consultation sessions were introduced for the first time to focus on discovering specific business models between companies.
The business model presentation and exhibition is a program that selects 10 companies from among the suppliers and promotes their circular economy technologies and products to demand companies.
Meanwhile, on the occasion of this event, a separate ceremony was held to present commercialization support funds (totaling 2.015 billion won) to the nine companies selected in the 2024 Circular Economy Commercialization Model Contest.
※ 2024 Circular Economy Commercialization Model: Extraction of rare metals (lithium, etc.) and production of recycled raw materials from waste resources such as batteries, plastics, and fabrics
▲ Companies Selected for Circular Economy Commercialization Models in 2024 (Image Source: Ministry of Trade, Industry and Energy)
In his congratulatory remarks, Lee Seung-ryeol, Director General of Industrial Policy at the Ministry of Trade, Industry and Energy, stated, “Today’s event is about the nation’s key industries “It is highly significant that demand and supply companies in the battery and metal sectors are coming together to discover new businesses,” he said. “The government will also actively support our companies so that they can lead global trends in the circular economy sector connected to key industries.”
본 기사에 대한 정정·반론·추후보도 청구는 보도 청구 안내를, 그간 게재된 보도문은 정정·반론보도 모아보기를 참고해 주세요.
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