Li-Cycle’s Breakthrough, Commercial Lithium-ion Battery Recycling Technologies Receives Award for Demonstrating Environmental Innovation in the Manufacturing Process
October 28, 2021
TORONTO, Ontario (October 28, 2021) – Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced that it has been recognized for its environmental leadership by Suppliers Partnership for the Environment (“SP”), an association of global automakers and their suppliers working together to advance environmental sustainability throughout the automotive supply chain.
The SP Awards are designed to recognize and raise awareness of environmental sustainability successes, while promoting knowledge sharing and transfer of proven solutions across the automotive industry. The 2021 Awards were presented in five categories including: Community Impact; Creativity in Implementing Sustainable Practices; Demonstrating Environmental Innovation in the Manufacturing Process; Shining Star; and the Spirit of SP. Li-Cycle was named the winner of the Demonstrating Environmental Innovation in the Manufacturing Process category for its industry leading Spoke & Hub Technologies™, which are creating significant, positive environmental and economic impact within the North American automotive supply chain.
Ajay Kochhar, President, CEO, and co-founder of Li-Cycle, commented, “We are thrilled to be named the recipient of the SP’s Demonstrating Environmental Innovation in the Manufacturing Process award for 2021. This award further validates the positive environmental impact our breakthrough lithium-ion battery recycling technologies have on the automotive supply chain.”
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
The Suppliers Partnership for the Environment (SP) is an association of automakers and their suppliers working in collaboration with the US EPA and other governmental entities toward a shared vision of an automotive industry with positive environmental impact. https://www.supplierspartnership.org.