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Salinity Solutions secures £1 million investment from SQM Lithium Ventures
Salinity Solutions, an engineering tech start-up based in Birmingham (UK) has secured a GBP £1 million initial investment from SQM Lithium Ventures to fund the next stage of its growth. SQM Lithium Ventures, in return, will take ownership of a minority stake in the company, with the option to acquire additional equity in the future.
SQM Lithium Ventures is the corporate venture capital arm of the lithium business of Sociedad Quimica y Minera de Chile (SQM), one of the world’s leading producers of battery-grade lithium chemicals. Salinity Solutions joins the SQM Lithium Ventures portfolio alongside industry-leading companies like Altilium Clean Technology and Electric Era.
Salinity Solutions developed HyBatch™, its ground-breaking batch reverse osmosis water treatment technology – the first in the world to be manufactured commercially – to dramatically reduce the environmental impact of water treatment. The technology uses less energy, purifies a higher amount of wastewater, generates less waste, and is more compact and portable than traditional reverse osmosis systems. The first of Salinity Solutions’ five registered patents has been approved in the European Union, China and the United States.
ADIONICS, the cleantech pioneer in eco-friendly lithium extraction, secures $27 million in Series B funding
With its unique eco-friendly liquid-liquid direct lithium extraction (DLE) process, ADIONICS has once again captivated investors, raising $27 million in its Series B funding round. Adionics’ historical stakeholders took part in this operation, along with newcomer strategic investor SQM, a mining leader in lithium production from brines. This move is supported by returning investors, including Bpifrance, via the PSIM funds managed on behalf of the French state as part of the France 2030 program, Supernova Invest, Céleste Management and Ovive, who are reaffirming their trust in Adionics.
Founded in 2012, Adionics has been developing a DLE process that improves global lithium production. This technology not only increases the productivity of lithium mining but also streamlines the associated value chain and allows a significant reduction of the overall environmental footprint of Li-ion battery manufacturing and the recycling industry. Adionics is confirming its ambition to become the leader in DLE technologies.