Connect with us

Hi, what are you looking for?

CleanTechnica
LG Chem. LG Energy Solutions & Li-Cycle
Photo courtesy of Li-Cycle

Batteries

LG Chem & LG Energy Solution Recognize Li-Cycle As North American Preferred Battery Recycling Partner

LG Chem and LG Energy Solution recently recognized Li-Cycle as their preferred lithium-ion battery recycling partner in North America, just as Li-Cycle completed its commercial agreements with LG Energy Solution. On Thursday, April 21, Li-Cycle held a signing ceremony which marked the completion of the commercial agreements.

The three companies entered into the collaboration in order to be supportive of growing global market demand for lithium-ion batteries and critical materials. The company stated that this partnership will enable a closed-loop ecosystem for both LG Chem and LG Energy Solution for critical materials within the lithium-ion battery supply chain. The partnership will also provide more capital to Li-Cycle for its growing expansion worldwide.

According to a press release from Li-Cycle,

“Nickel is a key component for the production of lithium-ion batteries. Through a North America Scrap 10-year Offer Agreement, Li-Cycle will have the opportunity to recycle nickel-bearing lithium-ion battery scrap and other lithium-ion battery material from LGES’s North America manufacturing sites. Additionally, under 10-year Nickel Sulphate Off-Take Agreements with each of LGC and LGES, Li-Cycle will sell a combined initial allocation of 20,000 tonnes of nickel contained in nickel sulphate produced at Li-Cycle’s Hub facility currently under construction in Rochester, New York to LGC and LGES, through its off-take partner, Traxys North America LLC. Li-Cycle estimates that the nickel sulphate to be sold to LGC and LGES under these arrangements will be enough to produce lithium-ion batteries that can power approximately 300,000 high-performing EVs.”

Ajay Kochhar, co-founder and CEO of Li-Cycle, shared that the company was thrilled to advance the collaboration.

“We’re thrilled to advance our collaboration with LGC and LGES, two global industry leaders in the EV supply chain.

“Together, we are driving sustainable global electrification through the creation of this milestone closed-loop ecosystem in the lithium-ion battery supply chain.”

Feature photo courtesy of Li-Cycle

 
Check out our brand new E-Bike Guide. If you're curious about electric bikes, this is the best place to start your e-mobility journey!
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Advertisement
 
Written By

Johnna owns less than one share of $TSLA currently and supports Tesla's mission. She also gardens, collects interesting minerals and can be found on TikTok

Comments

You May Also Like

Clean Transport

This magazine recommends EVs to its conservative readers -- just not yet, saying the perks that many liberals attribute to all-electric transportation aren't appealing...

Batteries

The cost of materials for electric cars is putting a profit squeeze on automakers according to a report by AlixPartners. This is a long-term...

Batteries

This is part 2 of my interview with Impossible Mining CEO Oliver Gunasekara. In part 1, we talked about reinventing the mining industry, how...

Clean Transport

Enthusiasm about the Chevy Blazer EV ramped up this week when its reveal date was announced via Twitter. What's different and impressive about this...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.