Supporting the energy sector’s transition to zero carbon by supplying rare technology metals to EVs.
- Recovering +95% of critical battery metals through our process
- Awarded £3m+ government funding to scale recycling tech
- 38% carbon saving compared to virgin mining
- Exploring large scale EV battery recycling plants in UK & EU
Altilium Metals is a UK green technology group on a mission to support the transformation of the global energy sector from fossil-based to zero-carbon. Until recently end-of-life electric vehicle batteries were regarded as hazardous waste, but they can actually serve as valuable sources of critical metals such as lithium, nickel and cobalt the UK does not have. China currently controls the processing of these vital metals needed for the energy transition.
We are developing recycling technologies to return critical metals to the supply chain from spent EV batteries in an environmentally friendly way to save natural resources, bring energy security to the UK and reduce its dependency on raw materials from countries with poor human rights.
Our proprietary recycling process can recover + 95% of the critical metals at a quality for reuse in new batteries. Recycling results in a 38% carbon saving compared to mining. Our technology is being scaled up with over £3 million in UK Government Innovation awards.
We already have a hydrometallurgical plant in Europe for the recycling of copper mine waste and we have completed a scoping study to use the existing facility for the recycling of EV battery waste. We will adopt a hybrid approach to feed supplementing battery waste supplies with raw materials from Altilium Metals owned nickel and manganese mines in Indonesia.
Substantial accomplishments to date
• A 20-month technology verification program of our proprietary battery recycling process was undertaken at the University of Plymouth showing over 95 % recovery of critical metals from end of life batteries. The study provided essential third party confirmation that our process is not only fit for purpose but provides substantial enhancements on established critical metal recycling methods.
• In 2022 awarded over £3 million in UK Government Innovation awards to scale up the recycling process to enable a circular economy for the battery value chain, significantly improving the product carbon footprint in the manufacture of electric vehicle batteries in the UK.
• In July 2022 opened an electric vehicle battery recycling technology Centre in Devon. At this innovation centre we will develop materials technologies and perform testing, analysis and product optimisation on end-of-life lithium ion batteries. Work will include using natural bacterial or bio-leaching to recover critical metals.
• A 12 month research program with Imperial College, London will start Q4 2022 to characterise the performance of our recycled material compared to virgin raw materials.
• Under support of the UK Government Automotive Transformation Fund we have commenced a Bankable Feasibility Study for a Mega-Recycling Plant transforming battery waste from over 150,000 electric vehicles, currently the largest planned plant for the UK. This study will be completed in February 2023.
• Signed NDA with large German automotive OEM for technology investigation.
Currently the UK recycling section of the business is funded by over £3 million UK Government Innovation awards, with funds provided in instalments until March 2024.
Altilium plans to generate revenue from:
a. Licencing of the Altilium recycling process to partners such as automotive OEMs for end of life battery recycling and cell manufacturers/gigafactories to recycle scrap. Recycling plants will be built in countries with significant adoption of Electric Vehicles and EV gigafactories.
b. Building UK and European battery-scrap recycling plants.
We anticipate huge demand for critical metals for manufacture of electric vehicle batteries once the UK bans the sale of petrol and diesel cars in 2030, as well as a tsunami wave of end-of-life batteries expected later this decade.
Use of proceeds
Altilium Metals is in receipt of an award from the UK Government's Automotive Transformation Fund for a Bankable Feasibility Study for a Mega-Recycling Plant transforming battery waste from over 150,000 electric vehicles - to our knowledge, the largest planned plant for the UK.
The 6 month study will be completed in February 2023 and will support the investment decision for our first UK plant, enabling a circular economy for the battery value chain. The plant would produce material in a format to be directly reused in the manufacture of new cells in battery gigafactories, supporting the electrification of a UK automotive supply chain.
The plant engineering design is being completed by technical consultant Hatch. Funds being raised will be used for match funding to the UK Government award and technical reports to complete the feasibility study.
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