The Lead-Acid Battery
The Lead-Acid battery recycling industry is a major polluter, with 18,000 tonnes of spent batteries incinerated each year in the UK alone. There is an opportunity to use hydrometallurgical processes to reduce the carbon footprint by 85%, cut slag by >90% and recycle the plastics and lead. The lead battery market, globally, will reach $95bn USD by 2026, and is set to increase given the continued demand for vehicles.
The Lithium-ion Battery
Nearly every fourth battery is a rechargeable lithium battery. Most are embedded in electric appliances and, with a growth in electric vehicles, there is an estimated $6bn USD opportunity from recoverable materials by 2030, and $45bn USD second-life battery applications market. There is currently no UK capability for the recovery of these materials, with spent batteries being exported to Europe, providing a unique opportunity for Recyclus to establish a national capability.
Our focus on Acid Batteries
The focus is on converting the paste using water, converting this directly into 99.99% leady oxide (Pb/PbO). Critically this process has zero sulphur oxide or nitrous oxide emissions, and cuts slag waste by >90% in comparison to existing incumbents.
This also supports the underlying economics of PbO production, which is currently $255 USD per tonne. The CAPEX on this is 1/7th the cost of incumbent technology.