Li-Cycle delivers first commercial shipment of recycled battery material
Establishes its first US-based facility in NY State to recover 80-100% of materials
Li-Cycle Corp., a leading Toronto-area based lithium-ion battery resource recovery firm, completed its first shipment of commercially recycled battery material, containing energy metals concentrate in December 2019. The shipped product was processed at Li-Cycle’s facility in Mississauga ON and contained key energy metals – such as cobalt, nickel and lithium – used in lithium-ion batteries. Li-Cycle is one of the few companies globally capable of recovering critical battery materials from lithium-ion batteries in a sustainable and safe manner.
The company also announced that it will establish its first US-based facility in New York State. Li-Cycle will set up operations at Eastman Business Park (EBP) in Monroe County in an effort to tap into the robust lithium-ion battery supply chain in the United States and the lithium-ion battery ecosystem in Rochester. Li-Cycle selected EBP for this facility after determining it as the best location for the company to provide services to its growing client base to the South and Midwest. The company has also committed to creating a minimum of 23 jobs in its first year of operation. Li-Cycle expects to be fully operational at the facility later this year.
80-100% recovery of all materials found in lithium-ion batteries
Since Li-Cycle’s founding in 2016, the company has developed a unique technology that enables 80-100% recovery of all materials found in lithium-ion batteries using a two-step mechanical and hydrometallurgical/ ‘wet chemistry’ process. Li-Cycle’s process technology is uniquely capable of recycling all variants of cathode and anode chemistries within the lithium-ion spectrum, without the need for sorting into specific chemistries. Additionally, Li-Cycle’s technology ensures that lithium-ion batteries are processed safely without risk of thermal runaway (i.e. there is no risk of fire during processing). The process technology is inherently sustainable – it produces no solid waste streams, minimal/no water discharge, nor any harmful air emissions.
By 2040, an estimated 559 million electric vehicles will be on the road worldwide. Furthermore, the capacity of global lithium-ion battery energy storage installations is projected to grow over 50 times during that same period. While lithium-ion batteries continue to play an increasingly critical role in the global transition towards electrification, the world lacks a viable option for dealing with the rapidly growing volumes of spent lithium-ion batteries. Li-Cycle provides a solution for this gap through an innovative and sustainable resource recovery process.
“The first shipment of commercial product marks a significant milestone for Li-Cycle, on the company’s path to becoming a premier resource recovery processor, handling all types of lithium-ion batteries from a broad set of customers and applications,” says Ajay Kochhar, president and CEO of Li-Cycle. “As we grow our business, we look forward to continuing to provide sustainable and technologically innovative solutions to solve our global customers’ end-of-life lithium-ion battery challenges.”