| Title | Drivers of lithium-ion batteries recycling industry toward circular economy in industry 4.0 |
|---|---|
| ID_Doc | 3960 |
| Authors | Tripathy, A; Bhuyan, A; Padhy, RK; Mangla, SK; Roopak, R |
| Title | Drivers of lithium-ion batteries recycling industry toward circular economy in industry 4.0 |
| Year | 2023 |
| Published | |
| Abstract | An exponential demand increase for lithium-ion batteries (LIBs) has contributed to a looming waste crisis. Cir-cular economy has been increasingly seen to counter this crisis, further scaled-up by operationalizing Industry 4.0 disruptions around the triple bottom line. As a core pillar of circular economy, this study addresses LIB recycling and explores its key drivers. The drivers are identified and evaluated using Delphi study and multi-criteria decision-making methods. The proposed integrated methodological framework is further tested with data involving multiple stakeholders. The findings underscore the most profound causal drivers: institutional incentives supporting LIB recycling, availability of reliable technology, and strengthening coordination among actors in a supply chain using Industry 4.0. Interestingly, the highest-ranking causal drivers of LIB recycling were retrieved not from the existing literature but from the expert pool. The findings also reveal some counterintuitive results, such as practitioners prioritizing environmental factors over economic ones instead of the widespread convention of their preferences toward economic goals. The study thereby offered some helpful policy levers, which when empirically strategized with Industry 4.0 should enable stakeholders make more informed decisions in shaping an emerging industry such as LIB recycling. |
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