Li-Cycle to Upsize Capacity at New York Battery Recycling ‘Hub’

SEATTLE (Scrap Monster): Li-Cycle- the leading lithium-ion battery resource recycler announced plans to expand the processing capacity at its upcoming New York facility by as much as 40%.

As of now, the company operates several battery recycling centers across the U.S., which the company calls as “Spoke” facilities. These centers accept end-of-life batteries and battery manufacturing scrap and produce an intermediate material known as ‘black mass’. The proposed ‘Hub’ facility in Rochester, NY will gather materials from the Spoke facilities and recycle them, to be reused by other companies.

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Li-Cycle will boost the input processing capacity of the Hub by over 40%, from 25,000 tons to 35,000 tons of ‘black mass’ per annum. Upon capacity expansion, the Hub will be capable of processing battery material equivalent to approximately 225,000 electric vehicles per year. The processing expansion is expected to cost $485 million. The construction is expected to be completed by 2023.

In addition, Li-Cycle has entered into a letter of intent with LG to create a closed-loop battery ecosystem. Accordingly, Li-Cycle will supply both LG Chem and LG Energy Solution with 20,000 tons of nickel processed through the Hub over the ten-year period with effect from 2023.