VSPC has successfully obtained a co-funding grant from AMGC to advance processes for the utilisation of high-grade iron materials and LFP from mineral sources and from the recycling of lithium-ion batteries (LIBs).
Raw materials make up more than half of the cost of producing LIB cathode materials, having the technology to utilise lower-cost raw materials and reuse materials from battery recycling are important competitive advantages for VSPC.
AMGC is a not-for-profit organisation established by the Australian Government to support the development of world-leading advanced manufacturing in Australia. The project involves a grant of up to $185,000.
Partners in the project include Lithium Australia through its subsidiary companies Envirostream and Resource Conservation and Recycling Corporation (RCARC), with two other partner organisations: LIB-cell manufacturer DLG Battery (Shanghai) and The University of Queensland.
AMGC Managing Director Dr. Jens Goennemann said the advanced manufacturing in all its forms represents a significant opportunity for the Australian economy.
“AMGC is pleased to support VSPC as it moves to commercialise its ground-breaking lithium-cathode manufacturing process,” added Dr Goennemann.
“VSPC’s project addresses several global challenges, particularly how to conserve precious raw materials, deal with battery waste and reduce landfill, all while reducing cost. VSPC and its partners are a further demonstration of the power of collaboration and the skills that exist in Australia to tackle such a complex process while turning waste into opportunity.”
Lithium Australia Managing Director Adrian Griffin sees the the co-funding grant from AMGC as an important contribution to the sustainability of LIB manufacture.
“Society can no longer afford to tolerate the single-use mentality of past generations. VSPC’s initiative to advance the application of lower-cost raw materials is a significant step forward for the battery industry.
“We have a strong team and talented partners capable of delivering an outcome that will benefit the environment, consumers and shareholders alike. This is an opportunity to provide practical outcomes in advancing the circular economy.”