MISSISSAUGA, Ontario, Sept. 23, 2020 /PRNewswire/ — Li-Cycle Corp. (Li-Cycle), a leading lithium-ion battery resource recovery company, today announced the company will invest over US$ 175 million in its first commercial lithium-ion battery recycling Hub at Eastman Business Park (EBP) in Rochester, New York. The Hub is a wet chemistry/hydrometallurgical facility that will refine battery-grade materials from ‘black mass’ generated from pre-processing spent lithium-ion batteries and will have the capability of processing material from an equivalent of 60,000 metric tonnes of spent lithium-ion batteries, roughly equating to 120,000 electric vehicle battery packs. This comes in addition to its Spoke facility, set to be operational at the park by late 2020, that will produce ‘black mass’ from spent lithium-ion batteries.
Once fully operational, the Hub will be a major producer of battery-grade materials in North America, specifically cobalt, nickel and lithium. This will be the only source of