February 18, 2021: Ever Resource Ltd, a UK battery recycling start-up founded in June 2020, has been bought by the Swiss technology company iQ International, the firm announced on February 12.
Ever Resource directors Athan Fox and Miles Freeman will launch ‘company-wide state-of-the-art recycling opportunities, particularly for batteries’, iQ says.
Fox becomes director of innovation, Freeman director of recycling operations.
Both previously worked for Aurelius Environmental, which was known for its work on recycling methods for lead batteries.
In 2017, Aurelius started work with Cambridge University to develop a recycling technology that could produce lead oxide that outperforms virgin lead.
Its patented process produces lead oxide directly from waste lead oxide paste, unlike other recycling systems, which produce lead metal that is then oxidized separately to lead oxide.
The technology won a grant of more than €1.3 million ($1.5 million) from the European Commission.
Earlier this year, iQ International said it had signed an exclusive licence agreement with the University of Cambridge for the recycling technology developed by the university and the team at Ever Resource.
“After working closely with the Ever Resource founders for over a year, iQ has decided to acquire Ever Resource and hire its founders (Fox and Freeman) to launch companywide state-of-the-art recycling opportunities, particularly for batteries,” says iQ.
“Among the many opportunities with this acquisition, Ever Resource, working with Cambridge University, has developed technologies to upcycle spent battery paste by converting it into a superior, nanostructured, more energy-dense leady oxide.
“The advantage of this is more energy per kilogram of battery, longer cycle life, greater depth of discharge and significantly reduced environmental impact.”
Ever Resource is also researching and developing better ways to recycle lithium-ion batteries, says iQ. This includes a collaboration with the University of Birmingham to develop proprietary methods for the processing of end-of-life electric vehicle battery packs.