Altilium in £1m grants boost for recycling plans

July 20, 2023: Altilium Metals mentioned on July 16 that it received two grants price £1 million ($1.3 million) to design an automatic battery recycling plant for black processing mass within the UK.

The grants, from the UK authorities, additionally cowl zero-carbon transport of used EV batteries to recycling stations.

Altilium mentioned it goals to develop black mass recycling and chemical refining to provide battery-ready cathode energetic materials for reuse within the nationwide provide chain of battery supplies.

The corporate predicts its deliberate Teesside plant will produce greater than 20% of the UK’s cathode energetic materials requirement by 2030.

Altilium mentioned on July 6 that it signed a non-binding memorandum of understanding with Marubeni Company for a lithium ion battery recycling partnership protecting the UK and Europe.