Li-Cycle is an industry leader in lithium-ion battery recycling. Li-Cycle utilizes a breakthrough, commercial process for sustainably recovering critical high-grade materials from battery manufacturing scrap and end-of-life batteries, creating a closed-loop, domestically sourced lithium-ion battery supply chain. Li-Cycle’s patented technology enables a shift away from legacy thermal recycling technologies, which can emit harmful emissions and result in lower recovery rates. Li-Cycle has a robust customer network, including 40+ commercial contracts with blue chip suppliers and off-take agreements through 2030. Li-Cycle’s commercial battery supply customers include 14 of the largest global automotive and battery manufacturers.
Closing of Business Combination with Peridot Acquisition Corp. (NYSE: PDAC)