Epsilon Advanced Materials, a completely owned division of Epsilon Carbon Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 90 billion for a 10-year period for the establishment of battery material manufacturing plants in the state. The Karnataka government will support the company in obtaining the necessary registrations, approvals, clearances, and incentives. The company will set up an anode material production plant as part of the agreement. The facility will employ 75 per cent local population for providing employment opportunities in the region.
Recently in October 2022, Metastable Materials, based in Bengaluru announced the launch of its battery recycling facility in Karnataka. The facility is capable of processing 1,500 tonnes of dead batteries annually. The facility is located on the outskirts of Bengaluru and incorporates a chemical-free integrated carbothermal reduction process to extract valuable materials from dead lithium-ion batteries.