Deals17 Mar 2025, 07:00 pm
Epic Energy Subsidiary Signs 10-Year License Agreement with CMET for Battery Recycling
AI Summary
Epic Energy Limited's subsidiary, Swachcha Urja Nirman LLP (SUN LLP), has signed a Technology Transfer Agreement with the Centre for Materials for Electronics Technology (CMET) for Battery Recycling of end-of-life assorted Li-ion Batteries using a hydro-metallurgical process. This 10-year license agreement is a significant step towards sustainable e-waste management and environmental conservation. The project is expected to commence commercial operations by Q3 of FY26 with a one-tonne-per-day processing facility, likely in Maharashtra or Gujarat. The capital investment for the one-tonne facility is estimated to be under USD 1 million, and the project is expected to reach break-even by FY27.
Key Highlights
- Epic Energy's subsidiary SUN LLP signs a 10-year Technology Transfer Agreement with CMET for battery recycling
- The agreement focuses on recycling end-of-life assorted Li-ion Batteries using a hydro-metallurgical process
- The project is expected to commence commercial operations by Q3 of FY26 with a one-tonne-per-day processing facility
- The capital investment for the one-tonne facility is estimated to be under USD 1 million
- The project is expected to reach break-even by FY27