The Canadian recycling company Li-Cycle is building another recycling facility for electric car batteries. It is the company’s second facility in the United States and the third overall.
The new facility called “Spoke 3” will be built in Gilbert, Arizona, and will be able to process up to 10,000 tons of old batteries per year, which will double Li-Cycle’s total recycling capacity to 20,000 tons per year.
Specifically, Li-Cycle wants to refine battery-compatible materials from components of old batteries – the so-called black mass – in the plant, as in the other plants. The main focus is on cobalt, nickel and lithium. Li-Cycle describes its recycling approach as a two-stage process using mechanical and hydrometallurgical or wet-chemical processes. With this approach, one is able to recycle all variants of the cathode and anode chemistry within the lithium-ion spectrum without having to sort them according to certain chemicals, according to the Canadians.
Li-Cycle already has a demonstration plant in Kingston, Canada. It was through them that the company determined the “most important design criteria for the construction of the first commercial hub” in the USA. In September 2020, the company announced another facility in Rochester, New York, which is scheduled to go into operation in 2022. The company is planning a total of 20 recycling plants worldwide over the next five years.
In addition, in February of that year, Li-Cycle announced the conclusion of a definitive business combination agreement with Peridot Acquisition Corp. known. Upon completion, expected in the second quarter of 2021, the joint venture will be named Li-Cycle Holdings Corp. wear. Li-Cycle intends to apply for the new company’s common stock to be listed on the New York Stock Exchange under the new ticker symbol “LICY”.