Technology Minerals' Recyclus joins UK-India ITES scheme for battery recycling innovation
London, UK
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March 14, 2024 08:24 AM Eastern Daylight Time
Technology Minerals PLC (LSE:TM1) chairman Robin Brundle joins Proactive's Stephen Gunnion with details of the company's 48.35% owned battery recycling business, Recyclus Group, joining the UK and Indian government-backed Innovating for Transport and Energy Systems (ITES) scheme.
Brundle explained that Recyclus' involvement stems from a visit by an Indian delegation to its Wolverhampton site, showcasing a full-scale lithium-ion battery processing plant and a mobile solution concept, which previously won a £1.96 million Innovate UK grant.
The ITES scheme aims to address India's vast need for lithium-ion battery recycling, given its population of approximately 1.5 billion people and the prevalence of devices containing these batteries. Recyclus' technologies, including a mobile solution, aim to enhance recycling capabilities, thereby supporting India's net zero targets.
Upcoming steps involve workshops with Indian companies to explore commercial opportunities, emphasizing the importance of understanding local business nuances. This partnership is viewed as a vote of confidence in the Recyclus technology by both governments, highlighting Technology Minerals' British innovation in the recycling sector.
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