Due to the rising demands of electric vehicles and portable electronics, concern about keeping up production of high purity nickel for energy storage application remained unaddressed until today. For example, current nickel refining processes and global supply chains are very ineffective. Conventional nickel mining and refining negatively impacts nearby habitats. In addition, the cost of sending nickel to be refined only to receive 1.8% in return is incredible wasteful for supply chain resources and economy.
Laterites, which consist 65% of global nickel reserves, is the primary source of Nickel. A new process is being developed to extract nickel efficiently, resulting in cost reduction and safety improvement. A pilot plant will be built next to the mining site, to reduce the cost from supply chain and create jobs for the locals.
Baniql process has been developed to address the concern of environmental hazard from conventional nickel extraction like pyrometallurgy and high pressure acid leaching (HPAL). The concern on nickel metal supply requires engineer and scientist to innovate the new process on nickel extraction.