Li-Cycle was founded with the vision to help solve the global end-of-lifecycle lithium-ion battery problem and to create a secondary supply to meet the demand for critical battery materials through innovative recycling technology.
In order to fulfill this vision, Li-Cycle has developed and validated, a unique and sustainable process for recycling all types of lithium-ion batteries used in electronic devices, electrified transport, electric passenger vehicles and energy storage.
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 skyrocket over 50 times during that same time. In 2020, there will be an estimated 155,100 tonnes of lithium-ion reaching their end of life globally; this number is estimated to jump to 3.7 million tonnes by 2030. But what will happen to all these batteries when reaching the end of their lives?
Historically, lithium-ion batteries have predominantly been treated as waste and not as a resource when they reach end-of-life. That’s a lost opportunity because there is a lot of value in the critical materials that can be recovered from these batteries and reintroduced back into the battery supply chain using the right technology.
Li-Cycle provides a solution to fill this gap through an innovative recycling and resource recovery process, capable of recovering battery-grade materials including lithium, nickel and cobalt.
Li-Cycle Technology™ is a closed loop, economically viable, safe, sustainable and scalable processing technology that provides a solution to the global lithium-ion battery recycling and resource recovery problem. The technology recovers ≥95% of all materials found in lithium-ion batteries. The closed loop recycling process ensures that all materials from lithium-ion batteries are recovered to return to either the battery supply chain or sent for further processing to other recyclers to ensure all materials generated are being returned to the economy.
Recycling and resource recovery for Li-Cycle begins at the customer site. Li-Cycle covers all steps to return critical materials back to the supply chain, and provides a variety of services to meet the unique needs of our valued customers.