Critical Metals Ltd plans to establish the Nordic regions first lithium ion battery (LiB) recycling facility in Skellefteå, Sweden.
The Company has recently been granted a license to use LiB recycling technology being developed by leading Australian specialty metals company Neometals Ltd. The license, which provides Critical Metals with the sole and exclusive rights to the technology in Sweden, Norway, Denmark and Finland, relates to a patent pending hydrometallurgical process to recover high purity metals from end of life LiBs. The process is energy efficient and environmentally friendly.
Critical Metals, a Swedish based organisation, plans to supply European LiB cell manufacturers with high purity battery materials.
The Company has chosen to focus its recycling initiative within the Nordic countries because they well placed to support a sustainable LiB recycling facility due to their proud recycling culture and deeply entrenched recycling systems. Reducing waste, recycling and the circular economy is supported by Nordic and EU legislation which requires companies to have end of life solutions for their products. The planned LiB recycling facility will provide a service to all Nordic waste collectives, manufacturers, importers, distributers and users of consumer, commercial and industrial LiB.
Subject to positive outcomes from a FEED Study and Feasibility Study, Critical Metals anticipates making a final investment decision to construct its first LiB recycling facility early 2020. Commercial production of high purity metals from end of life LiB is anticipated in 2023.