Iondrive Ltd (ASX:ION) CEO Dr Ebbe Dommisse joins Proactive’s Tylah Tully to discuss a non-binding Memorandum of Understanding (MoU) signed with TNO, a Netherlands-based research & technology organisation.
Through the MoU the parties hope to accelerate the commercialisation of Iondrive’s sustainable battery recycling technology and strengthen the battery materials supply chain in the Netherlands and the EU by enhancing production capabilities and validating the technology for large-scale deployment. A key objective of the MoU is to establish industry partnerships and commercialisation opportunities.
This agreement follows Iondrive’s recent partnership with PEM Motion and RWTH Aachen University in Germany, forming a pan-European strategy to promote regionalised battery recycling.
Iondrive’s pre-feasibility study is set for completion in October 2024 with plans to build a pilot plant by 2025. TNO’s expertise in sustainable innovation will support Iondrive’s goal of meeting the EU’s growing demand for recycled battery materials, particularly in line with new regulations for high recovery levels of critical materials like cobalt, lithium, and nickel by 2025.