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Recycling
Altilium raises cash from SQM for battery recycling
by Matt Blois
March 4, 2024
| A version of this story appeared in
Volume 102, Issue 7
The start-up Altilium has raised $12 million in series A funding from the venture capital arm of the lithium producer SQM. Altilium will use the cash to scale up its battery recycling technology in the UK and Europe. The firm shreds batteries, uses hydrometallurgical techniques to extract metals, then produces cathode materials. The British company hopes later this year to start up a plant in Europe capable of recycling batteries from 24,000 cars per year. Altilium also plans to build a recycling plant in the UK.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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