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Technology Minerals (TM1) launches first UK facility for Li-Ion Recycling in 53 billion pound industry

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Technology Minerals (TM1) launches first UK facility for Li-Ion Recycling in 53 billion pound industry

April 27
18:05 2023

                                          

The lithium-ion recycling industry is set to become one of the fastest-growing sectors in the global economy, with a projected worth of $53 billion by 2031, according to BIS Research. And one UK company that is leading the way in this market is Technology Minerals.

The company, which is listed on the London Stock Exchange, has just announced that its battery recycling business, Recyclus Group, has received final clearance from the Environment Agency to commence full operations at its lithium-ion battery recycling plant in Wolverhampton, West Midlands. This makes it the first industrial scale plant in the UK with the capability to recycle Li-ion batteries.

Recyclus has been awarded Approved Battery Treatment Operator status by the EA, which allows it to commence recycling operations immediately, with on-site treatment and processing of spent Li-ion batteries. The EA permit allows Recyclus a daily storage limit of 140 m3 (c.100 tonnes) and to process up to 22,000 tonnes of Li-ion batteries per annum. It is expected that 8,300 tonnes will be processed in the first year, utilising a single shift pattern of labour during the standard working week.

Recyclus owns the IP for both the process and the plant which is designed to process most Li-ion battery types. Recyclus will manufacture all plants, including those designed specifically for OEM clients, here in the UK. Recyclus’s aim is to increase the UK processing capability to c.50,000 tonnes per annum through the construction of five more Li-ion recycling plants.

The Wolverhampton plant will receive gate fees for collection and storage of Li-ion batteries, and from the sale of black mass, produced from the recycling process. Black mass contains critical battery metals that can be sold back into the battery supply chain.

Robin Brundle, Chairman of Technology Minerals, said: “Given the global shift towards electrification and the growing demand for Li-ion batteries, we believe we have a compelling first mover advantage in this burgeoning market. Our aim is to establish enduring partnerships with businesses and organisations, both in the UK and internationally, offering them an environmentally friendly solution for their end-of-life batteries. With feedstock stored and ready to be processed, everything is in place to ramp up operations at the facility and start generating revenues.”

This is a significant moment for Technology Minerals and the UK, as the demand for the raw materials used in battery manufacturing is anticipated to increase substantially. Technology Minerals is focused on extracting raw materials required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.

With the UK’s first listed company providing a sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future, Technology Minerals is leading the way towards a cleaner, greener world.

Technology Minerals Plc:

Technology Minerals is developing the UK’s first listed company, providing a sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on extracting raw materials required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. As with the increasing global demand for battery metals to supply electrification increases, the group will explore, mine, and recycle metals from spent batteries. Further information on Technology Minerals is available at www.technologyminerals.co.uk.

Recyclus Group Ltd:

The demand for the raw materials used in battery manufacturing is anticipated to increase substantially. Recyclus Group provides a national recycling initiative that supports the transition to carbon neutrality. Recyclus Group’s battery recycling capacity will prove essential in the shift from fossil fuels to electric transportation. Through its strategic support from Technology Minerals, Recyclus is an integral component to the recycling of lithium-ion and lead-acid batteries and is a significant contributor towards the circular economy of battery metals. Further information on Recyclus Group is available at www.recyclusgroup.com.

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