BANIQL utilizes a proprietary chemical process to selectively extract nickel and cobalt from raw materials at low temperatures and atmospheric pressure. This method yields high-purity nickel at significantly lower costs than traditional High Pressure Acid Leaching (HPAL) while achieving net-zero waste. The efficient extraction process reduces energy consumption and carbon dioxide emissions by 80%, with residual materials repurposed for fertilizers and construction products.
Funding
$2.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional methods of extracting nickel and cobalt from laterite ores, such as High Pressure Acid Leaching (HPAL), are energy-intensive, costly, and generate significant waste and carbon emissions. These processes also often require high temperatures and pressures, adding to operational complexity and environmental impact.
Solution
BANiQL employs a patented electrochemical process to selectively extract nickel and cobalt from laterite ores at lower temperatures and atmospheric pressure, achieving high-purity outputs while minimizing waste. This innovative method reduces production costs by approximately 30% compared to traditional HPAL, while simultaneously cutting energy consumption and carbon emissions by 80%. The process also enables the repurposing of leftover materials into useful products like fertilizers and construction materials, promoting a circular economy. BANiQL's technology offers a cleaner, more efficient, and cost-effective alternative for producing high-quality nickel for lithium-ion batteries.
Target Audience
The primary target audience includes lithium-ion battery manufacturers, electric vehicle (EV) companies, and other industries requiring high-purity nickel and cobalt, as well as mining companies seeking more sustainable and cost-effective extraction methods.
Features
- Patented electrochemical extraction process operating at lower temperatures and atmospheric pressure
- Selective extraction of nickel and cobalt from laterite ores
- High-purity nickel sulfate output suitable for lithium-ion battery production
- Reduced production costs compared to High Pressure Acid Leaching (HPAL)
- Lower energy consumption and carbon emissions
- Net-zero waste process with repurposing of leftover materials
- Pre-pilot plant with 100 kg/month production capacity completed in Q4 2024
- Secured nickel ore supply from Indonesia and the Philippines for research and development