Li-Cycle Recognized for its Leadership in Sustainability

Ajay Kochhar (President, CEO, and co-founder), Tim Johnston (Executive Chairman and co-founder), Chris Biederman (CTO), and Kunal Phalpher (CCO) named members of Canada’s Clean16 for 2022

September 16, 2021

TORONTO, Ontario (September 16, 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 four members of its executive leadership team have been named the category leader for Clean Technology as a member of Canada’s Clean16.

Canada’s Clean50 for 2022 consists of 50 individuals, or small teams, recognized for their contributions in sustainability over the past two years. The winners were selected from 16 diverse categories across a variety of industries, academia, different levels of government, thought leaders, and advocates. The leader of each of the 16 categories is declared to be part of the Clean16, highlighting the top contributors in their respective categories.

Gavin Pitchford, CEO of Delta Management Group steward of Canada’s Clean50 commented, “Li-Cycle has developed and commercialized a new sustainable and safe technology to address end-of-life batteries for both EVs and consumer electronics to truly enable a closed loop economy. The normal recycler creates a footprint of 2.66 tonnes of CO2 per Li-ion battery tonne processed, while recovering only 50% of the components for reuse and producing PFAS in the process. By contrast, Li-Cycle’s patented Spoke & Hub technology does not generate any PFAS compounds, recovers up to 95% of all recyclable battery materials, generates minimal wastewater, and generates only 1.75 tonnes of CO2 per tonne of recycled batteries. Overall, a 74% reduction in CO2 emissions, 92% reduction in NOx emissions, 92% reduction in SOx emissions, and 97% reduction in water usage.”

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/.

About Delta Management Group / Canada’s Clean50:
Leading ESG, sustainability and clean tech search firm Delta Management Group founded, and remains the steward of the Canada’s Clean50 awards, created in 2011 to annually identify, recognize and connect 50 sustainability leaders from every sector of Canadian endeavor, in order to facilitate understanding, collaboration and innovation in the fight to keep climate change impacts below 1.5 degrees C.  Ancillary awards also recognize 20 Emerging Leaders and the Top Sustainability Projects of the year, as well as bestow Lifetime Achievement designations. For more information, visit www.clean50.com.     

CONTACTS

Li-Cycle:
Investor Relations: [email protected]
Press: [email protected]

Delta Management Group/Canada’s Clean50:
Media Contact: Gavin Pitchford 416-925-2005 x 2300 / [email protected]