Business
Recyclus joins UK & Indian Government ITES scheme
Recyclus joins UK & Indian Government ITES scheme.
About this update from Technology Minerals Plc
[{"type":"text","content":"\n\n \n12 March 2024\n \nTechnology Minerals Plc \n(\"Technology Minerals\" or the \"Company\") \n \nRecyclus selected to join UK and Indian Governments' Innovating for Transport and Energy Systems scheme to achieve net zero\n \nTechnology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that its 48.35% owned battery recycling business, Recyclus Group Ltd (\"Recyclus\"), has successfully secured a place on the Governments' Innovating for Transport and Energy Systems (\"ITES\") scheme to boost research, innovation and investment between the UK and India to accelerate the path towards Net Zero.\n \nITES nurtures partnerships amongst key players in the UK and India's journey towards achieving cleaner transport systems, ranging from high-impact innovators, researchers, policymakers, businesses and investors. The programme is designed to accelerate the development of technologies and solutions needed to decarbonise transportation in both countries and is backed by the UK and Indian Governments, UK government agency Innovate UK and led by Net Zero research and technology organisation Energy Systems Catapult, in partnership with the Indian Institute of Science (IISc). \n \nThe programme will allow Recyclus direct access to India's burgeoning lithium-ion (\"Li-ion\") electric battery sector, to explore a range of possible commercial opportunities for both its Li-ion recycling plant, the first industrial scale Li-ion recycling facility in the UK, along with its award-winning mobile solution, in collaboration with The University of Birmingham. Recyclus' cutting-edge Li-ion recycling solutions are well placed to address the pressing need for Li-ion battery processing in India's cities, with its mobile offering providing solutions for the provinces.\n \nRobin Brundle, Co-Founder and Director of Recyclus, said: \"We are honoured to be selected to join the Governments' ITES scheme in collaboration with the Indian Government. With a population of c1.5bn with c1.3bn of those owning one or more handheld devices India is in need of a solution to address rising volumes of discarded Li-ion batteries, and our selection evidences the UK government's view of Recyclus as a trusted company in establishing a...