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Company profile for Li-Cycle Holdings Corp.
Li-Cycle Holdings Corp. is a North American leader in lithium-ion battery resource recovery and recycling. The company is based in Toronto, Ontario and serves customers across the continent. Li-Cycle was founded in 2016 with a mission to provide a comprehensive, closed-loop solution for the responsible management of lithium-ion batteries.
Li-Cycle’s comprehensive solution for lithium-ion battery resource recovery and recycling includes the collection, sorting, and processing of end-of-life batteries. The company’s proprietary technology enables the recovery of valuable materials, such as lithium, cobalt, nickel, copper, and aluminum, from end-of-life batteries. Li-Cycle’s process is designed to maximize the recovery of materials while minimizing the environmental impact of battery recycling.
Li-Cycle has grown rapidly since its inception and now operates five facilities across North America. The company has also established strategic partnerships with leading companies in the lithium-ion battery industry and is working to expand its presence in the global market. Li-Cycle is committed to providing a safe and responsible solution to the challenge of lithium-ion battery resource recovery and recycling.
Li-Cycle’s commitment to sustainability has earned it recognition as a leader in the circular economy. The company was named one of the “Top 10 Circular Economy Companies” by the World Economic Forum in 2019. It was also recognized as one of the “Top 50 Cleantech Companies” by Cleantech Group in 2020.
In addition to its resource recovery and recycling operations, Li-Cycle has also developed a suite of innovative products and services. These include Li-Cycle’s Battery-as-a-Service offering, which provides customers with access to lithium-ion batteries for a monthly fee. The company also offers a range of testing and consulting services to help customers optimize their battery-powered applications. Finally, Li-Cycle is developing a range of value-added products, such as cathode and anode materials, which are derived from recycled lithium-ion batteries. These products are designed to provide customers with a cost-effective, sustainable alternative to virgin materials.