BANIQL

BANIQL is a Santa Clara / San Jose-based climate-tech startup building a low-acid, low-energy chemical process to extract nickel and cobalt from laterite ore for lithium-ion batteries. Its patented method runs at atmospheric pressure and lower temperatures, cutting energy use and CO2 emissions by roughly 80%, lowering costs by about 30% versus conventional high-pressure acid leaching (HPAL), and generating virtually zero waste. Founded in 2021, the company runs R&D and pilot production in the U.S. and ton-scale prototype production in Indonesia, targeting the EV and battery-materials supply chain.