That capacity is relatively low but the company’s strategy is to set up many of its low-capex units, which use a novel and advanced hydrometallurgical approacy, in existing recycling facilities with an installation time of just a few months.
This allows the facility to convert its black mass from shredding battery material directly into pCAM in a process that takes 12 hours, emits up to 90% fewer greenhouse gas (GHG) emissions than virgin materials processing and can achieve 99% purity, the firm claims.
Facilities could then sell that pCAM to CAM or battery manufacturing facilities. pCAM is a mixed-metal hydroxide made up of various critical metals like nickel and cobalt, to which lithium hydroxide is added to create cathode active material (CAM) which can then be used to build batteries.
The US’ Inflation Reduction Act has generous tax credit incentives for battery cell and module manufacturing but there are challenges around building up a local supply chain for the critical metals needed, like cobalt, nickel and lithium. Green Li-ion is also targeting installations of its technology directly in battery gigafactories.
The Department of Energy (DOE) has put put big funds into the recycling sector in the US, with federal loans of US$2 billion to Redwood Materials and US$375 million to Li-Cycle in 2023.
But the end of the year saw Li-Cycle’s future thrown into doubt after it revealed forecasted construction costs for its main recycling facility had nearly doubled, leading to a US$95 million write-down and a process to seek ‘strategic alternatives’ (Premium access).
Leon Farrant, CEO and co-founder of Green Li-ion commented: “Electrification will require manufacturers to exert greater control over their critical mineral supplies. We aim to show American companies the benefits of a customisable and fully vertically integrated battery recycling solution when operating as part of an existing manufacturing process.”
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