VFBATTERY REPORT

Recycling

Pages 182–193 (12 pages)

Battery Report 2023, page 193: Recycling
Text on page 193

Recycling

Challenges | CAPEX

Challenges | CAPEX

Case Study: Li-Cycle Rochester Hub Estimated Capital Investment

Key Learnings from Rochester Hub Project

Current estimate, November 2023

Rochester Hub CAPEX may exceed initial estimates given post-Covid inflation in labor, construction materials and other related areas Li-Cycle had to review the project, timeline and its contracting strategy Li-Cycle has also modified its process flow sheet to produce mixed hydroxide precipitate (MHP) rather than Ni, Co metal salts. This would help to reduce short-term capex and but would impact revenue as well In an effort to reduce OPEX, Li-cycle may look to reduce workforce. To fund its operation, it may also explore additional financing options

Takeaways

Source: Li-Cycle Investor Presentation November 2023

Refining hub projects can often have high Engineering Procurement & Construction (EPC) and labor costs resulting in high CAPEX The recycling industry has little clarity and standards around cost structures, payables, feedstock inputs, recycling through-puts, process flows, and recovery rates

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

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