International commodity trader Glencore has partnered with start-up Britishvolt to establish the first major lithium-ion battery recycling facility in the UK.
The first step of the joint venture is the construction of a new plant at Glencore’s Britannia Refined Metals operation in Northfleet, Kent, previously a coal-fired power station. The site will have a processing capacity of at least 10 000 tonnes per year and is expected to be operational by mid-2023. The new plant is expected to be 100% powered by renewable energy in the longer term.
The partnership is also looking to develop other recycling activities, such as refining black mass into battery grade raw materials.
‘By partnering with Glencore, we are locking in supply and de-risking the project,’ says Orral Nadjari, Britishvolt’s founder and ceo. ‘This is a huge step in the right direction for Britishvolt as we look to accelerate the transition to a low carbon society.’
In January, the UK government pledged investment of £100 million (EUR 120 million) in Britishvolt.
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