“Why effective battery recycling will soon be required, and why future-proof battery designs should be the main priority…”

The global battery market is experiencing substantial growth, with predictions of a tenfold increase by 2030, reaching 2035 GWh in market volume. However, recent data from SNE Research indicates a 6% overage in the 2021 market volume compared to predictions. The main driver is the demand from the transportation sector, particularly electric vehicles (EVs), putting pressure on battery suppliers to expand rapidly. The rise in EVs will also lead to increased energy demand and necessitate energy storage systems for grid sustainability.

Anticipated challenges include rising prices due to high demand exceeding supply between 2023 and 2027. To address this, a key strategy is to intensify recycling efforts to recover valuable raw materials and reduce reliance on Chinese suppliers. Automakers are already investing in recycling facilities to meet EU restrictions.

The text emphasizes the importance of sustainable battery technology with second-life capabilities to address rising electricity needs, taking into account the total cost of ownership (TCO). Battery cells, particularly cylindrical ones, are highlighted for their sustainability and potential for second-life applications.

The E-Stream technology is introduced as a cutting-edge solution for battery recycling, allowing for the individual extraction of each battery cell without damage. This technology facilitates upgrades, extends the lifespan of energy storage systems, and enables the reuse of second-life cells, contributing to a more sustainable and efficient circular economy. 

Malta:

Hili Ventures subsidiary acquires stake in Tigné Mall plc taking holdings to 32%

Marsamxett Properties Ltd, a wholly owned subsidiary of Hili Ventures Ltd, has acquired a further 18.81% stake in Tigné Mall plc taking its total holdings in the company to 31.63%. This investment has a current market value of over €16 million.

Through its 75% stake in Hili Properties plc, the group is a strategic investor in commercial real estate, holding and managing an extensive portfolio of assets totalling €236 million in key locations in Malta, Romania and the Baltics. The assets include McDonald’s restaurants, grocery-anchored retail complexes, dedicated business blocks, an industrial plant and a hospital.

The Point Shopping Mall, owned and managed by Tigné Mall plc, has positioned itself as a prime shopping destination for both locals and tourists. Its strategic location, tenant mix and financial performance show the business is well-poised to grow and capture new opportunities.

This investment is the first retail complex in the group’s Malta portfolio, underlining the group’s commitment to maximizing commercial and value potential of its assets, while instilling confidence in its homebase.

Malta Company Announcements:

Malita p.l.c

The company announces that it has convened an extraordinary general meeting to be held on 14^th December 2023 at 11.30am to the Company’s shareholders.

Maltapost p.l.c

The Board of Directors of MaltaPost p.l.c. will be meeting on Tuesday 19 December 2023 to consider and approve the MaltaPost p.l.c. Financial Statements for the year ended 30 September 2023

Simonds Farsons Cisk p.l.c

The Company announces that Marquis Marcus John Scicluna Marshall and Baroness Justine Pergola resigned from the Board of Directors of the Company with effect from 9th November 2023.

The Company further announces that in terms of Article 95 of the Articles of Association of the Company, Mr Matthew Marshall and Mr Neil Psaila have been appointed as non executive directors in their stead.

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