To the ordinary person, this plant is nothing more than a consortium of large steel poles and tanks constructed together for battery recycling. However, within the electric vehicle (EV) and climate tech industry, this LFP recycling plant can be considered revolutionary — it uses the world’s electrochemical redox method to recycle LFP batteries.
More philanthropists, family offices and ultra-high-net-worths are warming up to climate tech start-ups like EV battery recycling as the world rushes to decarbonise. Is this asset class an upcoming investment hot spot?
Tucked away within the industrial estate of Jurong in western Singapore, amid weathered buildings housing manufacturing firms, a modest 100 sq m office space is home to a semi-commercial lithium iron phosphate (LFP) battery recycling plant.
