Altilium, a pioneering company in the field of battery recycling, is making a significant impact on the renewable energy sector. By focusing on the production of high-volume, low-carbon domestic cathode and anode materials from recycled waste streams, such as lithium scrap, Altilium is helping to create a more sustainable future.
In 2022, the company opened its advanced battery recycling technology center in Devon, England. This state-of-the-art facility has allowed Altilium to deepen its expertise in the recycling of lithium-ion batteries, strengthening its competitive edge. The scale-up processing line at the center provides invaluable data on materials handling, scalability, and product quality, which will inform the development of the UK’s largest planned EV battery recycling facility in Teesside.
This groundbreaking recycling plant will have the capacity to process scrap from over 150,000 electric vehicles annually. It is estimated that it will produce 30,000 metric tons of cathode active material, meeting 20% of the expected demand in the UK. This project not only represents one of the largest battery recycling initiatives in the UK and Europe but also demonstrates the country’s commitment to sustainable and low-carbon battery materials.
Thanks to a significant investment from SQM Lithium Ventures, Altilium has made noteworthy progress in scaling up its battery recycling technology. The funding has allowed the company to expand its recycling facilities, enhance its proprietary EcoCathode hydrometallurgical process, and strengthen its senior management team. This investment signifies the commitment of both companies to develop a circular economy for sustainable battery materials with low carbon footprints.
The completion of the Series A funding round, with an additional investment of $9.43 million, is expected to accelerate Altilium’s activities in the UK and Europe. This funding will pave the way for the implementation of the company’s comprehensive battery circularity customer offering. This includes services such as zero-carbon EV battery collection, efficient black mass recycling, and chemical refining directly into cathode active materials.
To support its mission, Altilium has several key developments lined up for 2024. These include the construction of an 18,000-square-foot facility in Plymouth, Devon, which will house the first battery recycling station capable of transforming discarded EV batteries into high-quality black mass. Additionally, Altilium plans to retrofit an existing plant in Eastern Europe to process 8,000 metric tons of black mass into EV battery materials.
Dr. Christian Marston, President and COO of Altilium, expressed delight over the continued partnership with SQM, stating that it will help build a leading battery recycling company in the UK and Europe. Altilium CEO Kamran Mahdavi added that the funding from SQM Lithium Ventures is a significant milestone for the company, reflecting its remarkable progress over the past year.
Carlos Díaz, CEO of SQM’s lithium-potassium division, emphasized the importance of this investment as an opportunity to participate in the creation of a new industry: the recovery of critical minerals from recycled batteries. Through this investment, SQM aims to add value to the battery supply chain while maintaining sustainable levels of resource consumption, water use, and carbon footprint.
Altilium’s innovative approach to battery recycling and commitment to sustainability are paving the way for a brighter and greener future where renewable energy sources can thrive. By reducing waste, conserving resources, and minimizing the industry’s environmental impact, Altilium is transforming the renewable energy landscape, one battery at a time.
FAQ:
1. What is Altilium?
Altilium is a pioneering company in the field of battery recycling, focused on producing high-volume, low-carbon domestic cathode and anode materials from recycled waste streams.
2. Where is Altilium’s advanced battery recycling technology center located?
Altilium’s advanced battery recycling technology center is located in Devon, England.
3. What is the purpose of the technology center?
The technology center allows Altilium to deepen its expertise in recycling lithium-ion batteries and provides invaluable data on materials handling, scalability, and product quality.
4. What is the significance of the UK’s largest planned EV battery recycling facility in Teesside?
The facility will have the capacity to process scrap from over 150,000 electric vehicles annually and produce 30,000 metric tons of cathode active material, meeting 20% of the expected demand in the UK.
5. How has Altilium scaled up its battery recycling technology?
Altilium has made significant progress in scaling up its technology through a significant investment from SQM Lithium Ventures, which allowed the company to expand its recycling facilities, enhance its proprietary EcoCathode process, and strengthen its management team.
6. What does Altilium’s comprehensive battery circularity customer offering include?
Altilium’s offering includes services such as zero-carbon EV battery collection, efficient black mass recycling, and chemical refining directly into cathode active materials.
7. What are Altilium’s key developments for 2024?
Altilium plans to construct an 18,000-square-foot facility in Plymouth, Devon, capable of transforming discarded EV batteries into high-quality black mass. Additionally, an existing plant in Eastern Europe will be retrofitted to process 8,000 metric tons of black mass into EV battery materials.
8. What is the significance of the funding from SQM Lithium Ventures?
The funding represents a significant milestone for Altilium and reflects the company’s progress. It demonstrates the commitment of both companies to developing a circular economy for sustainable battery materials with low carbon footprints.
9. What is SQM’s objective with its investment in Altilium?
SQM aims to participate in the creation of a new industry by investing in the recovery of critical minerals from recycled batteries. They seek to add value to the battery supply chain while maintaining sustainable levels of resource consumption, water use, and carbon footprint.
Definitions:
– Lithium-ion batteries: A type of rechargeable battery in which lithium ions move from the negative electrode (anode) to the positive electrode (cathode) during discharge and vice versa during charging.
– Cathode and anode materials: The positive and negative electrodes in a battery, respectively, where the flow of electrical current occurs.
– Scrap: Waste or discarded material.
– Carbon footprint: The total greenhouse gas emissions, typically measured in CO2 equivalent, caused by an individual, organization, or product.
Related Links:
Altilium Official Website
SQM Official Website
The source of the article is from the blog coletivometranca.com.br