Pier Luigi Sigismondi
President, Dole Packaged Foods
Green Li-ion is less than a year old, but already the company is promising to revolutionize the world of battery recycling. It uses its patented technology to rejuvenate used lithium-ion batteries, and in doing so solving what the company calls an existential threat to both the precious-metals industry and the environment.
As CTO, Singapore-based Reza Katal is behind the science part of the company. With a background in chemical and environmental engineering, Katal says he has been working on the rejuvenation solution for a decade. After meeting cofounder and CEO Leon Farrant, he was able to turn his ideas into a company, and is now looking at investors to help scale the business.
Green Li-ion’s technology can recycle batteries much faster than traditional processes, using less energy and producing less waste. The company says its technology is the only one in the world capable of fully recovering the precious metals in the cathode component of batteries.
“For two decades, lithium-ion batteries have been our preferred source of portable energy, but the sad reality is that with a lifespan of only one to three years, 95% of them ending up as dangerous landfill,” Katal tells Business Insider. “Green Li-ion changes this and makes battery rejuvenation and reuse the new reality.”