Li-Cycle ($LICY) Opens One of the Largest Lithium-Ion Battery Recycling Facilities in Europe

Li-Cycle (NYSE: LICY), a global leader in lithium-ion battery recycling, has announced the opening of its first European recycling facility in Germany. This facility uses the company’s advanced 'Generation 3' Spoke technology to directly process all types of lithium-ion battery waste, making it one of the largest facilities in Li-Cycle's portfolio.

The new facility can directly process all types of lithium-ion battery waste, including electric vehicle packs, without discharging or dismantling. It currently has one operational line, with a second line set to begin operations in late 2023. With additional capacity plans, the facility is set to process up to 30,000 tonnes per year, making it one of the largest lithium battery recycling facilities in Europe.

Tim Johnston, Executive Chair and co-founder of Li-Cycle stated: “Our Germany Spoke strengthens our position as a leading global battery recycling and resource recovery company and we are excited to continue expanding globally to build local and sustainable closed-loop battery supply chains.”

Established in 2016, Li-Cycle is a leading global lithium-ion battery resource recovery company and North America’s largest pure-play lithium-ion battery recycler.

Shares of Li-Cycle trade on the NYSE under the ticker symbol LICY. For more information visit www.greenstocknews.com

Source: https://greenstocknews.com/newswire/l...

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