Pure Battery Tech receives funding to expand production of low-carbon battery, secured at least 1 million euros
BERLIN: Pure Battery Technologies (PBT) has secured at least 1 million euros ($1.1 million) from an EU-backed fund to expand a refinery in Germany. PBT has patented a method to filter out the nickel and cobalt required to make battery cathodes which emits 70 per cent less carbon dioxide than the standard method, according to a McKinsey study. PBT is in talks with chemicals giants including Umicore and BASF about incorporating the technology into their production processes and selling material to them to produce cathodes,…