Recycling

Investments raised (in US $Millions)

Li-Cycle, Canada-based company has been publicly listed with SPAC in 2021 is scaling its hub and spoke model by 2023, with expansion planned in Europe. It has also received an investment of $200 million from Glencore.

Redwood Materials, a battery recycler raised more will scale up recovery of lithium, cobalt, nickel and other metals. Company is scaling its recycling process to increase share of recycled materials for production to achieve it closed loop ambition.

Ascend Elements raised $1 billion for several possible future phases, to build a sustainable lithium-ion battery materials facility in Hopkinsville, United States. SK Ecoplant also invested $50 million in Ascend Elements.

92.98 + undisclosed

Lithion Recycling has got CA $125 (USD92.98) million from IMM investment in series A funding. GM ventures will also invest an undisclosed amount and Lithion plans to launch commercial operations in 2023. In 2025, Lithion will launch its first hydrometallurgical plant for extracting battery minerals.

$13.94 Million by JV partners and $4.5 Million by Norwegian Govt.

Remarks

Industry: Recycling

Hydrovolt has begun commercial operations at the Hydrovolt battery recycling plant (10900 tpa capacity) in Norway, a joint venture (JV) between Hydro and Northvolt. Hydrovolt aims to increase its recycling capacity to 63,500 tonnes of battery packs by 2025 and 272,000 tonnes by 2030.

In Oct 2022, Cirba Solutions receives $75 million grant to boost LIB recycling capacity and in Nov 2022 received additional $7+ Million from the DOE.

Volta Foundation

Extracted from the PDF; charts and images may read imperfectly.