Deputy Prime Minister Chrystia Freeland visits li-cycle battery recycling facility in Ontario.
Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, was pleased to host Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, and Mark Gerretsen, Member of Parliament for Kingston and the Islands, at the Company’s lithium-ion battery recycling facility located in Kingston, Ontario.
During the visit, the leaders were joined by Li-Cycle’s co-founder and CEO Ajay Kochhar, and CFO Debbie Simpson, to tour the facility. They also discussed the Company’s patented Spoke & Hub recycling technologies and the important role sustainable recycling plays in creating a circular battery supply chain.
Chrystia Freeland, Deputy Prime Minister and Minister of Finance said:
Building Canada’s clean economy is about creating great careers for Canadians from coast to coast to coast.
“Companies like Li-Cycle are playing an essential role in supporting stronger and more sustainable supply chains—and they are a source of great jobs at the same time,”
“It was great to be here in Kingston to learn more about the important work they do, as our government continues working hard to build a thriving clean economy right across the country.”
Ajay Kochhar, co-founder and CEO of Li-Cycle said:
We are honoured to have hosted Canada’s Deputy Prime Minister Chrystia Freeland and MP Mark Gerretsen at our Ontario Spoke facility to showcase our safe, sustainable, and efficient lithium-ion battery recycling technology.
“We were pleased to show how Li-Cycle’s innovative technologies can support local, closed-loop battery supply chains in Canada and the United States by recovering critical battery-grade materials. We believe sustainable recycling solutions will be pivotal in the global movement towards electrification and decarbonatization.”
Li-Cycle’s Ontario Spoke safely recycles battery materials through a proprietary submerged shredding process to produce ‘black mass,’ an intermediate product which contains highly valuable metals, including lithium, nickel, and cobalt. Li-Cycle’s growing Spoke and Hub network will enhance the supply of critical battery materials to help to expedite the transition to a clean energy future.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is a leading global lithium-ion battery resource recovery company and North America’s largest pure-play lithium-ion battery recycler, with a rapidly growing presence across Europe. Established in 2016, and with major customers and partners around the world, Li-Cycle is on a mission to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future.
The Company leverages its innovative, sustainable, and patent-protected Spoke & Hub Technologies™ to provide a safe, scalable, customer-centric solution to recycle all different types of lithium-ion batteries. At our Spokes, or pre-processing facilities, we recycle battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance which contains a number of valuable metals, including lithium, nickel, and cobalt.
At our Hubs, or post-processing facilities, we will process black mass to produce critical battery-grade materials, including lithium carbonate, nickel sulphate, and cobalt sulphate. For more information, visit https://li-cycle.com/.
Deputy Prime Minister Chrystia Freeland Visits Li-Cycle’s Battery Recycling Facility in Ontario,
