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Former BHP CFO raises millions for metals recycling plant

Peter Beaven says his start-up has raised $12 million from investors, and he is drawing up plans for a commercial plant in NSW.

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With the increasing popularity of electric vehicles, an Australian startup that has secured AU$12 million in funding will build a pilot battery recycling plant in Western Australia and plans to build a commercial recycling plant in New South Wales. The company hopes to break the dominance of Chinese companies in the battery recycling sector.

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Australian Financial Review broke the news in Sydney, Australia on Sunday, April 19, 2026.
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