A lithium-ion battery recycling plant will be built in New York State after Li-Cycle Corporation gained financial backing for the $23 million facility in exchange for jobs.
The Canadian firm aims to tap into the US’ lithium-ion battery supply chain when the facility becomes fully operational in Monroe County later this year.
Based at Eastman Business Park (EBP) it will be the start-up’s first facility in the country.
Empire State Development (ESD) announced last month it would assist Li-Cycle with up to $450,000 through the Excelsior Jobs Program in exchange for job creation commitments.
Li-Cycle will initially occupy 57,000 square feet of a pre-existing process building before adding additional phases for the project.
Ajay Kochhar, CEO and co-founder of Li-Cycle, said: “As the US and world enter an unprecedented phase of growth for electric vehicles and electro-mobility, rechargeable lithium-ion batteries and the critical materials within them are crucial for the industry’s success.
“The facility will foster the development of closed loop lithium-ion battery resource recovery in the state of New York and the broader US market.”
The project boosts the EBP’s energy storage credentials. Other projects include DNV-GL’s BEST Test and Commercialization Center, the Kodak Cell Assembly Center and hydrogen fuel cell firm Plug Power, lithium-ion company Nohms Technologies and supercapacitor electrode firm Graphenix Development.
Last month, Li-Cycle completed its first shipment of commercial battery materials such as cobalt, nickel and lithium processed at its facility in Ontario.
You can access BEST’s newly launched, dedicated recycling section HERE
