A couple of weeks ago, we published an overview of the situation with the recycling of lithium-ion batteries in the world, in which we talked about the relevant enterprises operating and under construction.
The list is expanding.
Canadian company Li-Cycle is partnering with Norwegian battery recycling specialist Eco Stor and Norwegian battery manufacturer Morrow Batteries to build a new commercial lithium-ion battery recycling plant in southern Norway.
The plant will be able to process up to 10,000 tons of lithium-ion batteries per year, including battery waste, battery packs used in electric vehicles and energy storage systems.
The launch of the enterprise is scheduled for early 2023.
The Eco Stor will supply end-of-life lithium-ion batteries to the joint venture. And also Morrow Batteries will supply waste lithium-ion batteries from its planned plant in southern Norway. This plant is planned to produce 43 GWh of lithium-ion batteries per year and use 100% renewable electricity from Norwegian hydroelectric power plants. The start of production is scheduled for the fourth quarter of 2024.
As the majority owner of the new refining joint venture, Li-Cycle will supply the equipment, technology, and operational management of the new facility, and will acquire the right to acquire 100% of the plant’s “black stock” containing critical materials including lithium, manganese, cobalt and nickel.
Li-Cycle offers a two-stage recycling process for lithium-ion batteries that recovers 80%-100% of the materials they contain.
In December 2020, Li-Cycle, which describes itself as “North America’s largest lithium-ion battery recycling company,” announced the opening of a plant at Eastman Business Park (EBP) in Rochester, New York, USA.
Norway, as we know, is the world leader in the share of electric vehicles in sales. At the end of 2021, this share in the country exceeded 85%.
Accordingly, over time, the volume of waste will increase, and the appearance of a new factory that recycles old batteries on-site is a logical step.
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