Iondrive Ltd has inked a collaboration agreement with German-based PEM and PEM Motion, leaders in battery technology and recycling, aimed at commercialising battery recycling technology in Europe.
Although the agreement with Production Engineering of EMobility Components at RWTH Aachen University (PEM) and PEM Motion GmbH is non-binding, Iondrive considers it a significant step as it formalises a strategic industry partnership in the major target market of Europe. This collaboration aims to advance sustainable battery recycling technologies by leveraging PEM’s extensive expertise in battery technology and recycling, along with Iondrive’s innovative Deep Eutectic Solvents (DES) Sustainable Battery Recycling process.
In this way, the agreement underscores the unique value proposition of Iondrive’s sustainable battery recycling process.
It aligns with PEM’s strategy to establish a consortium and the necessary funding to address challenges in complying with the new Batteries Regulation, part of the European Green Deal, which includes targets for recycling efficiency, material recovery and recycled content, being gradually introduced from 2025 onwards.
Iondrive CEO Dr Ebbe Dommisse said: “This development is a major feather in the cap for an Australian technology company to be invited to participate in a European consortium of strategic industry partners to establish a battery recycling ‘value circle’.
“Partnering with PEM and PEM Motion, leaders in battery technology and recycling, greatly enhances our ability to navigate the commercialisation pathway for our advanced recycling technologies. By forming a consortium, we are looking to strategically position to pool critical resources, expertise and infrastructure, accelerating the development of commercially viable battery recycling solutions”.
“This collaborative approach is essential for engaging key industry partners, facilitating compliance with stringent European regulatory standards, and significantly boosting our appeal for investment from Industry Participants.
“Our alignment with PEM underscores our commitment to supporting Europe’s sustainability goals and marks a significant commercial milestone, establishing us as an early mover in the European market, while advancing innovative solutions within the circular economy.”
