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

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.

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.”

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