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<blockquote data-quote="Weather Man" data-source="post: 16665490" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3738152-li-cycle-to-establish-new-battery-recycling-facility-in-alabama" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3738152-li-cycle-to-establish-new-battery-recycling-facility-in-alabama" target="_blank">Li-Cycle to establish new battery recycling facility in Alabama</a></p><ul> <li data-xf-list-type="ul">Li-Cycle (NYSE:<a href="https://seekingalpha.com/symbol/LICY" target="_blank">LICY</a>) <a href="https://seekingalpha.com/pr/18465228-li-cycle-to-build-new-lithium-ion-battery-recycling-facility-in-alabama" target="_blank">says</a> it will build a fourth commercial lithium-ion battery recycling facility, to be located in Tuscaloosa, Alabama, since the pace of new battery mage-factory deployment has far exceeded the initial expectations. </li> <li data-xf-list-type="ul">Once completed, the facility is to have an initial capacity of up to 5,000 tonnes of battery manufacturing scrap and end-of-life batteries per year, bringing Li-Cycle’s total North American recycling capacity to 25,000 tonnes per year.</li> <li data-xf-list-type="ul">The company projects its Alabama Spoke to commence operations by mid-2022 and is expected to create an initial 30+ new jobs.</li> <li data-xf-list-type="ul">"Originally, we had planned on rolling out three commercial Spoke facilities in North America over the next five years, with a total recycling capacity of 20,000 tonnes per year. However, demand for lithium-ion battery recycling has continued to outperform our forecasts and we are now forecasting total recycling capacity of 30,000 tonnes per year. This facility is essential in filling a recycling gap in the southeastern United States," says Co-founder, and Executive Chairman of Li-Cycle Tim Johnston. </li> <li data-xf-list-type="ul">It follows Li-Cycle's collaboration with <a href="https://seekingalpha.com/news/3716853-li-cycle-univar-team-up-to-provide-waste-management-solutions-for-lithium-ion-batteries" target="_blank">Univar Solutions OnSite Services to provide waste management solutions for lithium-ion batteries. </a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16665490, member: 137766"] [URL='https://seekingalpha.com/news/3738152-li-cycle-to-establish-new-battery-recycling-facility-in-alabama'] Li-Cycle to establish new battery recycling facility in Alabama[/URL] [LIST] [*]Li-Cycle (NYSE:[URL='https://seekingalpha.com/symbol/LICY']LICY[/URL]) [URL='https://seekingalpha.com/pr/18465228-li-cycle-to-build-new-lithium-ion-battery-recycling-facility-in-alabama']says[/URL] it will build a fourth commercial lithium-ion battery recycling facility, to be located in Tuscaloosa, Alabama, since the pace of new battery mage-factory deployment has far exceeded the initial expectations. [*]Once completed, the facility is to have an initial capacity of up to 5,000 tonnes of battery manufacturing scrap and end-of-life batteries per year, bringing Li-Cycle’s total North American recycling capacity to 25,000 tonnes per year. [*]The company projects its Alabama Spoke to commence operations by mid-2022 and is expected to create an initial 30+ new jobs. [*]"Originally, we had planned on rolling out three commercial Spoke facilities in North America over the next five years, with a total recycling capacity of 20,000 tonnes per year. However, demand for lithium-ion battery recycling has continued to outperform our forecasts and we are now forecasting total recycling capacity of 30,000 tonnes per year. This facility is essential in filling a recycling gap in the southeastern United States," says Co-founder, and Executive Chairman of Li-Cycle Tim Johnston. [*]It follows Li-Cycle's collaboration with [URL='https://seekingalpha.com/news/3716853-li-cycle-univar-team-up-to-provide-waste-management-solutions-for-lithium-ion-batteries']Univar Solutions OnSite Services to provide waste management solutions for lithium-ion batteries. [/URL] [/LIST] [/QUOTE]
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