{
  "id": 14185647,
  "title": "Singapore firm NEU Battery Materials secures US$7.6m to scale up lithium recycling, expand overseas",
  "url": "https://urgent.news/2026/10/13/singapore-firm-neu-battery-materials-secures-us-7-6m-to-scale-up",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-13T11:25:00.000Z",
  "source": {
    "name": "Straits Times",
    "slug": "straits-times",
    "url": "https://www.straitstimes.com/singapore/environment/singapore-firm-neu-battery-materials-secures-us7-6m-to-scale-up-lithium-recycling-expand-overseas"
  },
  "original_language": "en",
  "account": "Singapore-based deep-tech firm NEU Battery Materials has raised US$7.6 million (S$9.7 million) in a highly subscribed funding round to bolster its battery recycling operations. The capital will be used to bolster the company's Tuas-based facility, which can process 1,300 tonnes of battery materials annually. The new plant is not yet operating at full capacity, as the team continues to refine their electromechanical redox targeting technology to maximize lithium extraction from battery scraps and end-of-life EV batteries.\n\nNEU's chief executive, Bryan Oh, emphasized that the funds will be primarily allocated to three areas: operating the facility, investing in research and development to reduce production costs, and expanding the business overseas, particularly in Europe and the US. By partnering with overseas battery manufacturers, NEU aims to scale up its technology by five to 10 times, enabling countries to develop local recycling capabilities and lessen their reliance on China's dominant lithium supply chain.\n\nLithium iron phosphate (LFP) batteries are the most common type used in electric vehicles (EVs), accounting for over 55% of EV batteries and more than 90% of global battery energy storage systems. With China's dominance in the lithium supply chain and the scarcity of natural lithium deposits in Singapore, localised recycling could be crucial for countries to secure their lithium supplies and maintain greater control over their battery supply chains.\n\nNEU's recycling process involves using water and electricity only, with a highly scalable design that allows for the extraction of lithium through an electrolyser, forming battery-grade lithium hydroxide, which is then converted to lithium carbonate. This method is more sustainable than traditional recycling techniques and generates up to 83% lower carbon emissions compared to conventional methods, according to Oh.",
  "summary": "NEU Battery Materials raises US$7.6 million to scale low-emission LFP battery recycling.",
  "key_points": [
    "Singapore firm NEU Battery Materials raises US$7.6m for lithium recycling expansion",
    "Funds allocated to facility operations, R&D, and overseas expansion",
    "NEU aims to scale technology 5-10x, reduce reliance on China's lithium supply"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}