“More Than 6 Million Assets Repurposed”
At the forefront of promoting environmental sustainability and offering green technology lifecycle services on a global scale, SK tes is excited to share that in 2023, more than 6 million assets were repurposed for reuse or recycling.
SK tes also recently divulged that the firm is on track towards its goal of safely and responsibly recycling 2.2 billion pounds of old devices by 2030. The organization’s efforts in 2023 resulted in the processing of 224,356,492 lbs of equipment, which included 6.2 million devices.
SK tes remains steadfast in fulfilling its ‘Decade of Difference’ pledge and anticipates even further growth in processing volume in 2024.
Every year, the amount of e-waste generated worldwide continues to increase. Recent data from the UN’s fourth Global E-waste Monitor revealed 62 million tons of e-waste produced in 2022, a number projected to surge to 82 million tons annually by 2030.
A Major Expansion
To cater to the expanding needs of its clients, SK tes has initiated substantial investments to enhance its operational capacity. The company is currently in the process of growing its facilities located in Recklinghausen, Germany, and Seattle, USA. This initiative will effectively double the size of its current sites, elevating the processing area to 2.7 million square feet.
SK tes also introduced its cutting-edge ITAD facility in Virginia, USA, geared towards the increasing requirements of hyperscale data centers located in the area.
Operating under the guidance of parent company-SK ecoplant, SK tes is also committed to driving sustainable IT and battery recycling solutions to meet the diverse requirements of its worldwide customers.
“Our goal is not just to grow, but to lead the way in sustainable technology solutions,” stated Eric Ingebretsen, Chief Commercial Officer. “The market is robust and the need for solutions has never been greater. We are excited about the future and remain committed to making a significant impact in the recycling and ITAD sectors.”
More Collaborative Efforts Reported
One notable campaign involves formalizing a partnership with SMFL through the signing of a Memorandum of Understanding (MOU) to support battery recycling in Japan. A joint venture has also been set up to create a state-of-the-art ITAD processing facility in Hanoi, Vietnam.
With the yearly disposal of countless smartphone and technology device batteries, coupled with the projection of over 100 million outdated electric vehicle batteries in the coming decade, McKinsey highlights the demand for battery recycling centers.
In response to this increasing demand, SK tes is gearing up to meet the needs of the market. Plans are underway to expand operations at its battery recycling plant in the Netherlands and the firm is set to begin construction on a new facility in Europe which will join its current network of plants located in Germany, France, Singapore, and China.
“As we stand at the precipice of an electric mobility revolution, the need for comprehensive recycling solutions has never been more urgent. SK tes is not just observing this shift; we are actively preparing to meet it head-on,” Chief Operating Officer Thomas Holberg commented. “Our commitment to environmental stewardship is underscored by our expansion in Europe, where our new battery recycling facility will not only support the region’s electric vehicle production but also reinforce our global efforts in pioneering efforts to develop battery recycling capabilities and critical material recovery.”
