“Li-Cycle, a Canadian company founded in 2016 by two former engineering consultants — Ajay Kochhar and Tim Johnston — is building several plants.
At collection centers in Alabama, Arizona, New York and Ontario, the company breaks down batteries and manufacturing scrap. In its plant in Rochester, N.Y., a conveyor belt ferries materials up one story before dropping them into a vat where they are shredded while submerged in a proprietary chemical solution to prevent fires.
“The resulting pieces are separated, and Li-Cycle then harvests a granular substance, known as black mass, which is processed into its component metals elsewhere. But Li-Cycle plans a total capital investment of about $485 million to build a facility, also in Rochester, to turn the substance into battery-grade lithium, cobalt and nickel.”
Read full article here.
Leave a Reply