Black Mass Offtake Agreement with Lohum

The Offtake Agreement

We are delighted to have signed an offtake agreement with Lohum Cleantech, India’s leading producer of sustainable energy transition materials. 

Under the terms of the agreement, we will sell 50 tonnes of black mass per month, produced at our industrial-scale lithium-ion battery recycling facility in Wolverhampton, to Lohum’s facility in India.

This agreement aligns with our strategy to sell black mass to multiple partners as we continue to build our inventory of black mass.

Black mass contains essential metals including lithium, manganese, nickel, and cobalt that can be reprocessed and sold back into the battery manufacturing supply chain.

We have achieved a significant 47% recycling rate from end-of-life battery to black mass at our recycling facility in Wolverhampton.

How the Partnership Developed

Our partnership with Lohum originated from our academic partnership with the University of Birmingham. This collaboration led to our involvement in hosting a delegation from India, which included a Minister, academia and industry leaders.

In addition, our company being selected to join the UK and Indian Governments' Innovating for Transport and Energy Systems (“ITES”) scheme, aimed at developing trade links and advancing electrification, further strengthened our relationship with Lohum.

The invitation to join the international scheme underlined our position as a UK leader in Li-ion battery recycling, and has helped us to unlock new commercial opportunities.

Robin Brundle, Co-Founder and Director of Recyclus, said:

“We are delighted to secure our first black mass offtake agreement with Lohum Cleantech, India's largest producer of sustainable energy transition materials.

It is a strong endorsement for our battery recycling process and demonstrates the demand for black mass, which contains minerals crucial for the battery manufacturing sector and green transition.  

We are seeing increased commercial traction for our recycling solutions, and this deal further underscores our potential to build international trading partners as the world shifts to electrification.”