Hundreds of jobs are set to be created after EV battery recycling firm Altilium Metals selected the North East to set up a new factory.
Green technology group Altilium Metals is set to create a multimillion-pound site on Teesside, capable of transforming battery waste from more than 150,000 electric vehicles into Cathode Active Material – a key component of new batteries. The planned plant would create between 100 and 200 jobs by 2025, while also creating or sustaining hundreds more during the 18-month construction phase. The chosen location is set to be revealed at a later date.
Altilium Metals recently secured £3m in UK Government innovation funding to scale up its process to extract the metals from spent batteries and last month the firm was named the winner of a UK Government Faraday Battery Challenge Award of £1.2m in conjunction with Imperial College, London.
