Battery demand is poised to skyrocket during the next half century, but will the supply chain be able to produce the raw materials, process them and deliver them in accordance with the ethical and sustainable standards that leading manufactures are set to demand?
The battery industry and value chain is subject to great interest from investors, and sectors such as automotive and shipbuilding industry are accelerating their actions towards a sustainable and emission-free future.
The large oil companies are announcing that they want zero emissions in their operations until 2050, which includes maritime operations, a sector that seeks to advance ever faster with the energy transition to adapt to new international regulations.
Batteries seem to be one of the most desired components at the moment and the demand already exceeds the supply around the world.
Workship for journalists
In an event on August 31, NBCC has invited Norwegian experts on the topic to show Brazilian journalists how Norway is at the forefront in relation to the automotive, recycling and maritime sectors and how great opportunities for partnership and business with Brazil can arise. Would you like to participate? Send en email to email@example.com
Recently, NBCC gold member Rystad Energy launched a whitepaper, which is available for download, where several insights on the battery supply chain are provided.
Analysts believe the battery raw material supply chain will struggle to deliver the projected raw materials that the battery manufactures are projected to require.
There are likely to be difficulties in providing, processing and resourcing these materials in an ethical and sustainable manner.
Longer term, after 2030, we believe efforts to close the loop in the battery raw material supply chain will be increasingly successful.