The Canadian recycling firm Li-Cycle is constructing one other recycling plant for electrical automotive batteries in Arizona. It’s the firm’s second facility within the US and third general.
Known as Spoke 3, the brand new facility will likely be inbuilt Gilbert, Arizona, and can have the ability to course of as much as 10,000 tonnes of spent batteries per yr, doubling Li-Cycle’s whole recycling capability to twenty,000 tonnes yearly.
On this battery recycling plant, as with its two others, Li-Cycle plans to refine battery-grade supplies from elements of spent batteries – the so-called black mass from which the battery composite supplies could be extracted. The main focus is totally on cobalt, nickel and lithium. Li-Cycle describes its recycling method as a two-stage course of utilizing mechanical and hydrometallurgical or wet-chemical strategies. With this method, they’re able to recycle all variants of cathode and anode chemistry throughout the lithium-ion spectrum with out the necessity for sorting by particular chemical compounds.
Li-Cycle already has an illustration plant in Kingston, Canada. By way of it, the corporate stated it decided the “key design standards for the development of the primary business hub” within the US. In September 2020, the corporate introduced a facility in Rochester, New York State, which is predicted to be operational in 2022. In whole, the corporate plans to construct 20 recycling amenities worldwide within the subsequent 5 years.
in February this yr, Li-Cycle introduced that it had entered right into a definitive settlement to merge with Peridot Acquisition Corp. Upon completion, which is predicted within the second quarter of 2021, the three way partnership can be named Li-Cycle Holdings Corp. Li-Cycle intends to use to checklist the brand new firm’s frequent shares on the New York Inventory Alternate beneath the brand new ticker image “LICY”.