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Innovate UK awards £1.96m for recycling system
Innovate UK awards £1.96m for recycling system.
About this update from Technology Minerals Plc
[{"type":"text","content":"\n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. \n \n \n \n \n \n 30 March 2023\n \n \n \n \n \n Technology Minerals Plc\n \n \n \n \n \n \n (\"Technology Minerals\" or the \"Company\")\n \n \n \n \n \n \n Innovate UK awards £1.96m grant for mobile recycling system\n \n \n \n \n \n Recyclus Group to create a mobile battery recycling system capable of safely despatching any type of lithium-ion battery\n \n \n \n \n \n Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals,\n announces that its 48.25% owned battery recycling business, Recyclus Group Ltd (\"Recyclus\"), in collaboration with\n the University of Birmingham\n (\"\n UoB\"),\n has been awarded funding of £1.96m\n from\n the UK Government's Innovate UK,\n to create a mobile battery recycling system capable of safely handling any type of lithium-ion (\"Li-ion\") battery.\n \n \n \n \n \n Recyclus will lead the project and design and build a compact prototype Universal Battery Recycling System (\"UBRS\"), a mobile recycling truck that handles a complete range of Li-ion battery modules from all areas of industry.\n The main unit will be designed to accept batteries on an individual or batch-load basis and will implement a new industry standard that can benefit the UK and global recycling sectors. The Advanced Materials & Processing Laboratory (\"AMPLab\") at the UoB will support the project providing leading edge 3D printing techniques, incorporating additive manufacturing for the required cutting tools.\n \n \n \n \n \n The innovative recycling trucks will be based on Recyclus' existing technology for industrial-scale Li-ion battery recycling, capable of safely dealing with the 5+ types of Li-ion battery chemistry, in any combination. Recyclus plans to operate the recy...