February 8, 2024: Li-Cycle mentioned on February 7 it had received approval for a €6.4 million ($7 million) grant for its new lithium ion recycling plant (pictured) in Germany.
The corporate — which has suspended development of its first industrial ‘hub’ for black mass processing within the US over escalating prices — mentioned the grant approval for its Magdeburg ‘spoke’ facility in Saxony-Anhalt was given by the state’s authorities.
Spoke amenities are the place all kinds of lithium ion batteries are remodeled from a charged state to what Li-Cycle describes as an inert product.
The ensuing black mass is then transferred to a hub, the place cathode and anode supplies are processed into battery grade end-products for reuse in battery manufacturing or different purposes.
Li-Cycle mentioned final 12 months that black mass produced at Magdeburg could be processed at a hub operated below a proposed European three way partnership with Glencore.
Nevertheless, the way forward for that three way partnership challenge is unclear and the companions have but to reply to repeated questions from Batteries Worldwide in regards to the standing of the challenge.
Magdeburg spans greater than 20,000m2 with 10,000 m2 warehouse capability.
Li-Cycle mentioned the ability can course of full EV and power storage battery packs with out the necessity for disassembly, discharging, or thermal processes.
Magdeburg has an annual lithium ion battery processing capability of as much as 10,000 tonnes, with potential to increase as much as 30,000 tonnes yearly.
In the meantime, stress has been mounting on Li-Cycle within the US, the place it’s going through attainable authorized motion and is on the heart of questions from lawmakers over a deliberate $375 million federal authorities mortgage.