UK Battery Recycler Altilium Secures Additional Investment from SQM and Marubeni
【UK Battery Recycler Altilium Secures Additional Investment from SQM and Marubeni to Advance Commercial Refinery】UK battery recycling company Altilium announced additional investment in its Series B2 round from Chilean lithium company SQM and Japan's Marubeni Corporation, with proceeds to be used to advance construction of its ACT 3 commercial refinery in Plymouth, UK. The facility is designed to process 24,000 retired electric vehicle batteries per year, producing mixed hydroxide precipitate (MHP), lithium sulfate, and graphite. The project previously received a GBP 18.5 million grant from the UK government's DRIVE35 program and is currently under construction.