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MIdlands Engine Investment Fund

Investment booster for Pb recycling process in UK

Thu, 04/18/2019 - 09:02 -- John Shepherd

Aurelius Environmental, which is pioneering a lead-acid battery recycling process in the UK, is to invest £1.5 million (US$1.9m) in advanced ‘green’ technology after securing a debt funding package.

Miles Freeman, CEO of Aurelius and former operations director of Ecobat Technologies, said the business would invest in machinery that “produces virtually zero waste— allowing us to provide a more sustainable and environmentally friendly process to the market”.

The announcement comes less than two years after Aurelius and research partner Cambridge University were awarded an EU grant of €1.3m ($1.5m) to develop ‘Fenixpb’— a hydrometallurgical process that produces lead oxide directly from spent batteries.

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