Battery recycling facility secures £18.5m government funding
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Altilium, a Devon-based clean tech company, has secured £18.5m in government funding to build the UK's first commercial refinery for recovering critical battery materials from end-of-life electric vehicles. The facility aims to reduce reliance on imported raw materials and strengthen energy security, supporting the UK's automotive sector.
Altilium, a clean tech company based in Devon, has received £18.5m in government funding. The funding will be used to build a commercial refinery in Plymouth, recovering critical battery materials from end-of-life electric vehicles. This refinery will establish a domestic circular supply chain for low-carbon battery materials in the UK. Currently, the UK relies on China for these materials, making the automotive sector vulnerable to supply chain disruptions. The new facility will reduce this reliance and support the UK's automotive sector. The refinery is expected to enhance the growth and competitiveness of the UK automotive supply chain.
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