Global battery recycling market is expected to witness a noteworthy growth during the forecast period, 2021-2028. The lead-acid battery sub-segment is expected to be the most lucrative. The industrial battery and transportation sub-segments are expected to be the most profitable ones. Europe is expected to lead the market by 2028

The Univar’s on-site collection, sorting and waste diversion process will see significant enhancement through the newly announced partnership with Li-Cycle.

The three facilities together will make TES one of the largest global service providers of lithium battery recycling.

Latest studies cite that the use of lithium-ion batteries in vehicles is likely to surge almost tenfold over the next decade.

Upon full operations, that plant will have a capacity to process more than 20 million pounds of batteries.

The new facility will employ a combination of mechanical and low-carbon dioxide hydrometallurgical technologies to recycle batteries, thus ensuring lowest carbon footprint.

A court-appointed trustee with about $30 million in funds from the bankruptcy settlement is now in charge of remediating the property.

When complete, Li-Cycle’s “Spoke 3” facility will be capable of processing up to 10,000 tonnes of end-of-life batteries and battery manufacturing scrap per yearWhen complete, Li-Cycle’s “Spoke 3” facility will be capable of processing up to 10,000 tonnes of end-of-life batteries and battery manufacturing scrap per year.