06.10.2023,
5433 Zeichen
Lyon, France (ots/PRNewswire) - In order to speed up its industrial
and commercial development, MECAWARE has secured €40 million from a
pool of investors, the French government, under the auspices of the
France 2030 plan, and its banking partners.
This funding will enable the industrialisation of the pilot scheme
for the recycling of battery production scrap (Gigafactories Scrap -
ScrapCO2MET project), which will be operational in 2025. This tool
will produce 50 tonnes of recycled metal per year, in particular,
lithium, nickel, cobalt and manganese. To prepare for this
development, MECAWARE is finalising the installation of its new
Technical Centre on the outskirts of Lyon (Vénissieux). This 1,600m2
site includes offices, an R&D laboratory and a factory building.
MECAWARE, the only metal extraction process of its kind in the world
MECAWARE is currently focusing on the recycling of end-of-life
batteries and production scrap from battery-making factories. Its
technology is based on ground-breaking innovation in dynamic
combinatorial chemistry. It uses the synergy caused from the capture
of CO2 and the recycling of critical metals. Subject to four patents,
it was recognised in 2020 by the American Chemical Society and the
Nature Chemistry journal.
Its application enables the extraction of metals in a closed loop,
free from inputs that impact the environment, without producing any
effluent and with no special energy requirements. Consequently, its
economic and ecological value is particularly appealing: the MECAWARE
eco²-efficiency adapts to feedstocks and to evolutions in battery
technology.
Arnaud Villers d'Arbouet, Co-Founder and CEO of MECAWARE explains:
"MECAWARE is thus deploying a ground-breaking and scalable industrial
solution as part of a circular economy approach. It makes it possible
to secure supplies of raw materials, enabling the strategic
independence of our territories to bolster the energy transition, all
in compliance with EU Regulations. Our technological solution
addresses the current problems caused by traditional processes."
€40m to meet MECAWARE's industrial development challenges
This fundraising operation carried out with a pool of investors was
organised by Crédit Mutuel Innovation and the SPI2 fund managed on
behalf of the State of France by Bpifrance as part of the France 2030
initiative. It was supported by some of MECAWARE's long-standing
investment partners, who thus consolidated their positions: EIT
InnoEnergy, UI Investissement, Kreaxi, BNP Paribas Développement,
Crédit Agricole Création. It follows on from the obtainment, at the
start of the year, of State subsidies under the France 2030 Plan
(ADEME, RRR) awarded to the ScrapCO2MET project in partnership with
the companies VERKOR and MTB. This funding should also be
supplemented by bank support provided by BNP Paribas, CIC, CERA and
Bpifrance.
This fundraising will also enable the development of the operational
governance of commercial activities and the structuring of the teams
involved (workforces will increase from 40 people at the end of 2023
to 80 in 2024).
For Stéphane Simoncini, Director and head of the Deeptech hub at
Crédit Mutuel Innovation: "We are proud to support Arnaud and his
team in this new phase of their development. MECAWARE's mission is to
support the decarbonisation of transport in a virtuous manner. They
are taking the lead in the strategic segment of recycling electric
batteries and their metals and building an impressive ecosystem
around themselves in the process."
Magali Joessel, Director of the SPI Fund, comments: "The development
of electrical mobility goes hand in hand with key issues regarding
the procurement of raw materials in terms of both sovereignty and the
environment. We are convinced that Mecaware's technology, which seeks
to recycle and recover blackmass from end-of-life batteries or
production scrap constitutes a valid response to these challenges.
The metal extraction process they have created is an innovative
solution that fits into the development of the French battery sector.
Preparing the industrialisation of Mecaware and supporting its shift
in scale chime perfectly with the raison d'être of the SPI Fund."
Focus on the development of ground-breaking innovation to benefit the
circular economy and energy transition.
The chemical process used by MECAWARE, the only one of its kind in
the world, was created through French public research. It was
developed by Professor Julien Leclaire at the Applied Supramolecular
Chemistry Laboratory in Lyon (ICBMS: Université Claude Bernard Lyon
1, INSA Lyon, CPE Lyon and CNRS). After an initial technological
development phase conducted by SATT Sud-Est, this technology received
significant investment and support from PULSALYS to decrypt and
optimise the lab chemistry and define various processes protected by
3 patents, 2 of which are jointly owned with Aix-Marseille
Université, Centrale Marseille and the ENSC in Montpellier. The
support provided by SATT PULSALYS enabled the creation of the
start-up in 2020 after the arrival of Arnaud Villers d'Arbouet as its
co-founder and CEO.
Logo -
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Contact:
Véronique Bourgeois
vb@monet-rp.com
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