July 20, 2023: Altilium Metals stated on July 16 that it received two grants value £1 million ($1.3 million) to design an automatic battery recycling plant for processing black mass within the UK.
The grants, from the UK authorities, additionally cowl zero-carbon transport of used EV batteries to recycling stations.
Altilium stated it goals to develop black mass recycling and chemical refining to supply 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 stated on July 6 that it signed a non-binding memorandum of understanding with Marubeni Company for a lithium ion battery recycling partnership overlaying the UK and Europe.