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| Marubeni |
Marubeni has invested $5 million in Altilium, a UK-based battery recycling company. This investment will support the construction of Altilium's recycling facility in Teesside, UK.
Boosting UK Cathode Active Material Production
Once operational, the Teesside facility will have the capacity to process battery waste from 150,000 electric vehicles (EVs) annually. This process will produce 30,000 metric tonnes of low-carbon cathode active materials (CAM), enough to meet 20% of the UK's projected CAM demand by 2030. Altilium has also received £639,797 ($790,597) in government grant funding to scale up prototyping of lithium-ion EV battery cells at the UK Battery Industrialisation Centre in Coventry.
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