Li-Cycle ($LICY) and EVE Energy Announce Collaboration to Explore Lithium-Ion Battery Recycling
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July 11, 2023 – TheNewswire - Li-Cycle (NYSE: LICY), a leading global lithium-ion battery resource recovery company, and EVE Energy have announced that they have signed a memorandum of understanding to collaborate and explore lithium-ion battery recycling solutions for EVE battery materials.
The MOU includes a framework for exploring global sustainable recycling solutions for EVE lithium-ion battery materials in the North American market, as well as battery manufacturing scrap generated at EVE's planned lithium-ion battery cell manufacturing facilities in Malaysia and Hungary.
Using Li-Cycle's Spoke & Hub Technologies, lithium-ion batteries and battery manufacturing scrap can be recycled safely and environmentally friendly, and key battery-grade materials, including lithium, nickel, and cobalt can be recovered. The company’s overall process is eco-friendly and minimizes waste discharge, making Li-Cycle an ideal recycling partner for EVE's battery cell manufacturing capabilities.
Tim Johnston, co-founder and Executive Chair of Li-Cycle stated: “We are excited to collaborate with EVE, a proven global leader in lithium-ion battery cell manufacturing, to provide a sustainable resource recovery solution for lithium-ion battery products and manufacturing scrap.”
Li-Cycle is a leading global lithium-ion battery resource recovery company and North America’s largest pure-play lithium-ion battery recycler, with a rapidly growing presence across Europe.
Shares of Li-Cycle trade on the NYSE under the ticker symbol LICY. For more information visit www.greenstocknews.com
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