Published: April 14, 2026 at 8:26 am
The UK is set for its first electric vehicle battery recycling plant.
Altilium has been awarded £18.5 million in grant funding through the UK government’s DRIVE35 Scale-Up Fund, delivered by the Department for Business and Trade in partnership with the Advanced Propulsion Centre UK (APC) and Innovate UK.
The funding will support the construction of Altilium’s new ACT3 recycling plant in Plymouth, Devon. Construction of the facility is expected to commence in summer 2026, with commissioning planned for the end of 2027.
The Plymouth-based firm, founded by a trio of investment and commodities professionals, says the facility will have the capacity to process 24,000 EV batteries per year and recover critical minerals from them.