Business · Companies · 31 mins ago
Singapore startup opens lithium recovery plant and raises US$7.6 million
Singapore startup NEU Battery Materials has opened its first plant in Tuas, Singapore.
The facility can process up to 1,300 tonnes of battery materials a year, but the company says it will not operate at full capacity while it tests and improves the process.
NEU has also raised US$7.6 million to run the plant, develop its technology and support plans to expand overseas.
Its process is designed to recover lithium from lithium iron phosphate batteries, which are increasingly used in electric vehicles.
Recycling these batteries can be difficult because they contain less valuable material such as nickel and cobalt, and lithium makes up only a small share.
NEU says its process uses electricity and water and could lower costs enough to make lithium recovery commercially viable at scale.
The company plans to use the recovered lithium in new batteries and is targeting expansion in Europe and the United States next year.
Singapore startup NEU Battery Materials has opened its first plant to recover lithium from electric vehicle battery materials.
The Tuas facility can process 1,300 tonnes of battery materials a year, but the company does not plan to run it at full capacity for now.
NEU also announced that it had closed an oversubscribed US$7.6 million funding round.
The company says its process uses electricity and water to recover lithium from lithium iron phosphate battery materials.
It plans to use the funding to operate the plant, develop its technology and expand overseas.
- Who
- Singapore startup NEU Battery Materials, co-founded by CEO Bryan Oh.
- What
- It opened a plant to recover lithium from battery materials and announced a US$7.6 million funding round.
- When
- The opening was marked on Oct 13, 2026.
- Where
- Tuas, Singapore.
- Why
- To test and improve its recovery process and develop it for larger-scale use.
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- Plant capacity
- 1,300 tonnes of battery materials a year
- Plant size
- 12,000 sq ft
- Funding round
- US$7.6 million, or S$9.7 million
- Plant location
- Tuas, Singapore
- Target overseas markets
- Europe and the United States
What people are saying
The purpose is to run tests and then improve (the process) so that we can create the final blueprint to replicate for really big scale
We have 50 per cent global market share in the world using lithium iron phosphate, but not many people can actually make money recycling (this). So this presents a very difficult problem
If you cannot recycle lithium iron phosphate, then all these will just go into the landfill
Sources
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