Tesla co-founders want to build the world’s largest battery recycling company.

Tesla co-founder and former chief technology officer J.B. Strobel (J.B.) Straubel told a technology conference on Wednesday that he wants to turn his start-up Redwood Materials into one of the world’s top battery recycling companies and one of the largest. Strobel’s goal is to use two partnerships, one with Japanese battery maker Panasonic and the other with e-commerce giant Amazon, announced a few weeks ago.

Tesla co-founders want to build the world's largest battery recycling company.

With production of electric cars and batteries on the verge of exploding, Mr. Strauber said his ultimate goal is to “have a significant impact on sustainability on an industrial scale.” “

Founded in early 2017, Strobel’s Redwood Materials plans to recycle more than 1 megawatt hour of battery waste from Tesla’s superstyard this year – enough to power more than 10,000 Tesla cars.

But that’s only a fraction of the 500,000 cars Tesla expects to produce this year. On Battery Day at the end of September, Tesla CEO Elon Musk said he was considering recycling batteries to replenish supplies of raw materials from mining as Tesla sped up production.

Strobel’s broader plan is to significantly reduce the extraction of raw materials such as nickel, copper and cobalt in the coming decades by establishing a circular or “closed-loop” supply chain that recycles and recycles materials recovered from end-of-life vehicles and grid storage batteries, as well as end-of-life batteries from production.