Yantai forges ahead in advancing new quality productive forces

The lithium-ion battery recycling equipment, developed by the Jereh Environmental Protection Technology Co Ltd, gain much attention at the IE Expo China 2024, an environmental protection expo which was recently held in Shanghai.

Jereh Environmental Protection Technology Co, headquartered in Laishan district, Yantai, has been shifting its focus toward technological innovation, and developed a piece of equipment which is capable of efficiently recycling lithium batteries.

The lithium-ion battery recycling equipment developed by Jereh Environmental Protection Technology Co Ltd in Laishan district, Yantai. [Photo/WeChat account: jerehemg]

The equipment is able to efficiently recover a mixture of copper, aluminum, electrolytes, battery powder, and other components from lithium batteries, with a recovery rate as high as 98 percent.

Official statistics show that by 2025 China's retired power batteries are expected to reach 1.5 million metric tons, while the scale of the battery recycling industry is expected to reach 50 billion yuan ($6.91 billion).

The lithium-ion battery recycling equipment precisely dismantles, screens, and improves the recovery rate of lithium batteries. The company has already partnered with leading domestic and international battery and material production companies, gaining recognition from markets both at home and abroad.

A view of Yantai Huang-Bohai Sea New Area. [Photo provided to chinadaily.com.cn]

Yantai, a coastal city in East China's Shandong province, has been actively encouraging local companies to focus on technological innovation, to cultivate new high-quality productive forces, and advance the city's green, low-carbon and high-quality development.

Emerging industries are thriving in Yantai Huang-Bohai Sea New Area, led by pioneers such as Wanhua Chemical Group in high-end new chemical materials, IRay Technology Co in next-generation information technology, and Tayho Advanced Materials Group in high-performance fibers.

Workers test equipment at a lithium battery production workshop, owned by the Shandong Dejin New Energy Science and Technology Co, in Longkou, Yantai. [Photo/Longkou Integrated Media Center]

In Longkou, a county-level city of Yantai, the high-end aluminum industry has emerged as a key sector, with a scale surpassing 1 trillion yuan. Additionally, it has developed four industrial chains, each worth 1 billion yuan, in the fields of automobiles and automobile parts as well as offshore engineering equipment.

The high-quality recycled aluminum production line, invested by Nanshan Aluminum in Longkou, is expected to reduce the consumption of bauxite resources by 250,000 tons and reduce carbon emissions by nearly 900,000 tons.

In the future, Yantai will put more efforts into developing industrial chains in the fields of petrochemicals, new materials, aerospace, clean energy, biomedicine, marine engineering, and automobiles.