Queensland battery firm wins EU backing for German refinery
Pure Battery Technologies' German refinery won EU strategic designation after Australia cut its $120M grant.
Queensland battery firm Pure Battery Technologies paused its local operations after losing a $120 million federal grant. The University of Queensland spinout won a strategic designation from the European Commission.
The German refinery is one of 46 critical minerals projects chosen under the EU Critical Raw Materials Act. Chief executive Staffan Ever expects the designation will bring customers and support to the refinery.
The company focuses on battery recycling and refining critical minerals.
- $120 million
- Grant lost
- 46
- EU projects selected
- Germany
- Refinery location
- University of Queensland spinout
- Company origin
Why it mattersAustralian battery manufacturing ambitions suffered a setback when domestic support evaporated. This signals challenges in building local advanced-tech industries.
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