Devon clean technology group sign ground-breaking deal
A Devon based clean technology group focused on supporting the transition to net zero has agreed a new commercial collaboration.
Altium has signed a deal with SYNETIQ, the UK’s leading vehicle salvage, dismantling and recycling specialist.
The partnership will see the two companies working together to recycle the growing number of EV batteries from cars that have been written off, thereby closing the loop on the UK battery supply chain and conserving natural resources.
SYNETIQ processes thousands of cars each year and currently has an inventory of damaged EVs across its UK facilities.
The company has invested heavily in equipment to remove the batteries from these cars and store thm safely.
LV= Insurance works closely with SYNETIQ with the recovery and recycling of EV batteries from damaged or ‘total loss’ vehicles insured by LV=.
These batteries will be processed at Altilium’s state-of-the-art technology centre in Devon, to recover the valuable raw materials, including lithium and nickel, for direct reuse in the production of new batteries.
Altilium is currently the only company in the UK recovering these critical battery metals from battery waste.
Using advanced hydrometallurgical recycling processes, the company can recover over 95% of the battery metals.
This innovative process results in a 50% reduction in carbon emissions compared to the use of virgin materials in battery production, and 20% lower costs, paving the way for more affordable and accessible electric vehicles.
Tom Rumboll, chief executive of SYNETIQ, said: “At the core of SYNETIQ’s operations lies a commitment to sustainability, reuse, repurposing, and recycling. These principles are essential for us to fulfil our mission of maximising both the economic and environmental benefits derived from each vehicle received from our valued clients. Through our collaboration with Altilium and LV=, we aim to establish complete circularity in the UK, particularly in a pivotal sector for the energy transition.
This collaboration has the potential to substantially diminish CO2e emissions, marking a significant step towards a more sustainable future.”
Rod Savage, program director at Altilium, added: “Our collaboration with SYNETIQ marks a pivotal moment in achieving a circular economy for EV batteries in the UK and reducing our reliance on imported battery materials.
“Our recycling technology plays a crucial role in reducing the environmental impact of battery production and supporting the adoption of EVs. Together, we are transforming the future of sustainable transportation in the UK.”
