Marubeni Corporation invests 5 million USD in Altilium Metals Ltd. to support the development of lithium-ion battery recycling in the UK, aligning with its sustainability strategy.

Information on the Target

Altilium Metals Ltd. (hereinafter referred to as “Altilium”) is a UK-based company established in 2020, focused on the recycling of lithium-ion batteries (LiBs) used in electric vehicles (EVs). The company operates a small-scale pilot plant in Plymouth, where it actively recycles LiBs to produce sustainable, low-carbon materials such as sulphate for future battery production.

Altilium is currently advancing towards large-scale commercialization of its processes and aims to establish a production facility in Teesside, UK, capable of processing 150,000 EV-equivalent LiBs. Through these efforts, Altilium seeks to create a closed-loop supply chain for EV batteries in the UK, ensuring efficient collection and recycling of battery materials.

Industry Overview in the UK

The lithium-ion battery recycling sector in the UK is gaining momentum due to the increasing adoption of electric vehicles and the growing demand for sustainable battery materials. As