With this new award of £223,097, Altilium Metals has reached a milestone of USD 1 million backing so far in 2022 from the UK Government to develop its battery recycling technology for at scale recovery of cathode metals.
The Automotive Transformation Fund is delivered by the Advanced Propulsion Centre (APC) and partners, Innovate UK, the Department for Business, Energy and Industrial Strategy (BEIS) and Department for International Trade (DIT). It supports the industrialisation at scale of a high-value electrified automotive supply chain in the UK.
This continued support from the UK government cements Altilium Metals position as key future supplier of critical metals to support the transition to a carbon-free energy future. Its subsidiary Altilitech has developed a closed loop process to recover at + 95% efficiency rare metals lithium, nickel, cobalt and manganese from spent li-ion batteries. At its hydrometallurgical plant in Europe it has commenced engineering studies into retrofit of the plant for processing of 10,000 MT of battery waste per year.