Li-Cycle Corp., a Ontario-based based lithium-ion battery recovery company, recently announced the maiden shipment of commercial product, containing energy metals concentrate, has been made to a customer.
The shipped product comprised of cobalt, nickel and lithium recovered from lithium-ion batteries and was produced at Li-Cycle’s processing facility in Ontario, Canada.
“The first shipment of commercial product marks a significant milestone for Li-Cycle, on the Company‘s path to becoming a premier resource recovery company and processor, handling all types of lithium-ion batteries from a broad set of customers and applications,” commented 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.”
Li-Cycle Technology uses a combination of mechanical size reduction and hydro-metallurgical resource recovery specifically designed for lithium-ion battery recycling. The technology can do so with a recovery rate of 80 to 100% of all materials.
Li-Cycle’s core business model is to build, own, and operate lithium-ion battery recycling plants tailored to regional needs.