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Posted September 15, 2021

 

Sept 8 (Reuters) - Li-Cycle Holdings Corp (LICY.N) said on Wednesday it will build a recycling facility in Alabama to process a rising volume of lithium-ion battery scrap in the U.S. Southeast for reuse by electric vehicle manufacturers.

The facility, to be built in Tuscaloosa, aims to tap into an increased focus from EV and cathode manufacturers across the U.S. Southeast, including Daimler AG's (DAIGn.DE) Mercedes and others, on the so-called circular economy in order to recycle battery metals and rely less on new mines.

Roughly 5% to 10% of the EV battery manufacturing process produces waste that the Alabama facility will primarily recycle, said Ajay Kochhar, Li-Cycle's chief executive.

"In the past 5 months alone there has been this emergence of additional battery cell manufacturing plants in the U.S. southeastern corridor, and there's really no recycling solution in that region yet," Kochhar said.


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