Li-Cycle Holdings Corp said on Wednesday it will build a recycling facility in Alabama to process a rising volume of lithium-ion battery scrap in the U.S. Southeast for reuse by electric vehicle manufacturers.
Roughly 5per cent to 10per cent of the EV battery manufacturing process produces waste that the Alabama facility will primarily recycle, said Ajay Kochhar, Li-Cycle's chief executive. Li-Cycle said it has partnered with Univar Solutions Inc to collect battery scrap, including a Mercedes plant also in Alabama, and supply it to its recycling facility, where it will be broken down into component metals.
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