Li-Cycle Technology

A globally preeminent lithium-ion battery resource recovery technology

01.

Identification

Li-Cycle Technology™ is an economically viable, safe, and environmentally friendly process that can recycle up to 95% of materials in all types of lithium-ion batteries used in electronic devices, electric vehicles and energy storage.

Traditionally, when li-ion batteries have reached the end of life, they have predominantly been treated as waste and landfilled, or partially recycled through pyro-metallurgical processes, which have average recovery rates of 40%. However, these methods are inefficient and can lead to environmental contamination, safety hazards at general recycling plants and otherwise dampen the environmentally friendly vision of electrification. Li-Cycle Technology™ aims at recycling all types of lithium-ion batteries used in electronic devices, electric vehicles and energy storage. It can do so with an unparalleled recovery rate of over 95% of all materials. The company’s industry-leading processing technologies uniquely position it to be a key player in supporting the growing international movement towards zero-carbon technologies and the creation of a circular economy for lithium-ion batteries.

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Label Date October 2, 2020

By LI-CYCLE CORP.

From Canada

Maturity stage Small scale commercialization

Looking For Network, New clients, Visibility, Funding, Partners, Credibility,

02.

Implementation Stories

Li-Cycle Technology by LI-CYCLE CORP.
Implemented by Glencore in Toronto (Canada) in 2024

Glencore has selected Li-Cycle as one of its preferred recycling collaborators, leading to a strategic commercial alliance between the two entities. The goal is to establish an integrated platform capable of supplying primary and recycled critical battery materials to a global clientele. As part of this collaboration, Glencore had previously invested $200 million in Li-Cycle through the acquisition of a convertible note in June 2022 (referred to as the "Existing Note"). Glencore serves as a battery feedstock partner for Li-Cycle's Spoke facilities and is poised to become a supplier of both black mass and essential reagents for Li-Cycle's upcoming Hub facilities.

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Result

The strategic partnership aims to enhance the EV battery supply chain by offering customers a comprehensive solution for their primary and recycled metal requirements.

03.

The environmental benefits

•74% reduction in CO2 emission
•92% reduction in Sulphur Oxide emissions
•92% reduction in Nitrogen Oxide emissions
•The technology recovers over 95% of all materials found in lithium-ion batteries
•Currently operating with a capacity of 2,500 tonnes/year, at 5000tonnes/year in Q3 2020

04.

The Financial benefits

•Lower cost for recycled batteries

05.

Activity Region

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North america

United States, Canada,

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06.

Company Profile

LI-CYCLE CORP.

Li-Cycle is an industry leader in lithium-ion battery recycling and resource recovery

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Headquarters Mississauga, ON L5J 4S7, Canada

07.

Networking Partner

Cleantech Group

The Cleantech Group is a company that supports the development and marketability of clean technologies. The Cleantech Group provides members of its Cleantech network access to capital, investors, research and promotional opportunities. The group also provides advisory services for large corporations and governments. Founded in 2002, the Cleantech Group owns the term "cleantech" as a registered trademark.

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Solutions Associated 49

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