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.
The Midlands Engine investment fund (MEIF) is providing the latest funding through Maven Capital Partners.
Aurelius and Cambridge University are jointly developing a process for recycling lead-acid batteries that will “harness hazardous waste as a raw material and produce purer chemical products for re-use”.