The discussion focuses on how the entrepreneurial sector is responding to the challenge of achieving CO2 neutrality. As the host, SABIC Ventures is presenting its own progress through innovation and collaboration.

Novocycle has distinguished itself by developing an innovative and environmentally friendly technology for recycling lithium-ion batteries. Based on advanced chemical and non-destructive mechanical methods, this process avoids shredding mechanisms to increase material purities. This processing enables the recovery of valuable materials from retired batteries for reuse in manufacturing new batteries.

By adopting this method, Novocycle contributes to reducing reliance on extracting new raw materials and significantly diminishes the environmental impact of battery manufacturing and disposal. Novocycle’s technology thus plays a crucial role in advancing sustainable circular economy practices within the electromobility sector and aligns with global efforts to decrease the carbon footprint. At the same time, Novocycle brings the future generation of recycling Lithium-Ion Batteries.

Taha Uluhan, Co-founder and Startup Leader of Novocycle expressed, "Our participation in the World Economic Forum in Davos is a fantastic opportunity to emphasize the importance of sustainable recycling solutions for lithium-ion batteries. We take pride in showcasing our advanced technologies that make a substantial contribution to reducing the CO2 footprint while maintaining our world’s resources and critical raw materials."

Setting an appointment with the CEO, Taha Uluhan, in Davos please use the link: https://calendly.com/taha-uluhan