April 15, 2021: Ontario-based lithium-ion battery recycler Li-Cycle on April 14 said it would build a third facility in North America, in the state of Arizona.
The new facility will have a capacity of 10,000 tonnes a year, which the company says will bring its total annual recycling capacity to 20,000 tonnes.
Li-Cycle set up its first ‘Spoke 1’ pilot in 2017 in Ontario, and within three years had increased its annual capacity from 50 tonnes to 5,000 tonnes. The second ‘Spoke 2’ facility was built in Eastman Business Park, Rochester, New York State and this third one is a step towards the company’s ambition to build 20 over the next five years.
Li-Cycle collects and shreds the batteries to separate their inert materials such as the plastic, before processing the high-value materials such as cobalt, manganese and the like into a ‘black mass’. This is a fine, wet powder and from which the cathode and anode materials are processed into battery-grade end products for re-use in lithium-ion battery production or other applications.
The method has a recovery rate of up 95% of all materials, the company says.
A definitive business combination agreed this February with Peridot Acquisition Corp should be concluded in the second quarter of this year, after which the company will be renamed Li-Cycle Holdings Corp and will be floated on the New York Stock Exchange.