Recycling of platinum group metals from energy storage devices: a techno-economical business plan analysis.

Background: Energy storage devices utilise platinum group metals (PGMs) for their operation and exhibit an increasing adoption rate as green energy production means. Europe consumes the largest amount of PGMs worldwide (ca. 20% of the global demand), with the EU demand reaching ~71.5 t Pd, 78.7 t Pt in 2019; ~90% and 54% respectively for the production of (electro)catalysts. PGMs prices are on the rise, while these materials exhibit a risk of supply as their production in the EU is insignificant; South Africa and Russia produce approximately 84% of the global supply. Methods: PGMs recycling and reutilisation from End-of-Life products to new ones, can drastically facilitate the reduction of the supply/demand gap. Innovation business planning is needed to commercialise the recovered PGMs, which includes marketing and financial elements utilised from an innovation perspective. Results: SWOT (Strengths-Weaknesses-Opportunities-Threats) analysis is formed alongside a Business Model Canvas to define the Business Model and commercial added value. Conclusion: The Financial Plan illustrates that a PGMs recycling facility can be profitable upon the generated market volume and assists in determining the financial sustainability by calculating the Net Present Value (NPV), Initial Rate of Return (IRR) and the break-even point for an investment made.