• A UK and European EV battery recycling industry would help secure a domestic supply of critical metals and move toward a circular economy by preventing used batteries ending up as landfill waste.
• Via Altilium’s Technology focused UK subsidiary Altilitech Ltd, we have invented a novel process that extracts the Lithium, Nickel, Cobalt and Manganese from used batteries and offers the highest level of recycling efficiency, recovering + 95% of the critical metals and 80% of the battery value setting a new global standard.
• The technology has already been proven at the laboratory scale under a research program in partnership with the University of Plymouth and results in a 35% cost-saving and 38% reduction in emissions compared to the mining of virgin material.
• Scale up of the technology is backed by the UK Government under a SMART Innovate Award basis a process “that is significantly ahead of others in the field, set for rapid commercialization”
• January 2022 we commenced studies on the retrofit of our MEDET Solvent Extraction-Electrowinning (SX-EW) plant for the processing end-of-life electric vehicle (EV) lithium-ion batteries. The fact Altilium Metals has a brownfield hydrometallurgical plant with existing environmental permits gives it a first mover advantage compared to any new entrant to the European market for at scale recycling of EV batteries.