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(Kitco News) - Li-Cycle (NYSE: LICY), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, announced today it has signed a definitive agreement for a global lithium-ion battery recycling partnership with the KION Group, a leading global provider of industrial trucks and supply chain solutions.
The company also announced plans to develop a new lithium-ion battery recycling facility in France, underpinned by regional commercial demand, including KION's lithium-ion battery recycling needs.
Li-Cycle said that under the partnership, the company will recycle lithium-ion batteries from KION's global brands using its "proprietary and innovative" submerged shredding technology that is "safe, environmentally friendly, and cost-effective."
"The agreement, which is for an initial period until 2030, has designated Li-Cycle as KION's preferred global recycling partner to ensure that KION batteries are recycled sustainably," the company said in a statement.
According to a press release, KION currently has a global fleet of more than 1.7 million industrial trucks, which includes forklift and warehouse trucks, and is the largest industrial truck manufacturer in the EMEA region.
"Through the partnership, batteries from KION's electric industrial trucks will be recycled in a safe and environmentally friendly manner to support the development of a sustainable, innovative, and localized battery supply chain in Europe," it said.
Li-Cycle expects to commence recycling of KION's batteries at its Spoke in Germany, with start-up expected in mid-2023.
The company also announced it is expanding its planned European Spoke network with the development of a new recycling facility in France.
"The growing lithium-ion battery ecosystem in France represents one of Europe's largest battery end-of-life and cell manufacturing markets," the company said. "This Spoke will be located in Harnes, in the Northern part of the country, where large global automotive OEMs have an established presence, and where plans to build three battery gigafactories have recently been announced."
Li-Cycle's Spoke in France will be constructed in an existing building site with access to renewable energy. The plant is expected to have initial processing capacity of up to 10,000 tonnes of lithium-ion battery material per year, with optionality to expand to up to 25,000 tonnes per year.
"The France Spoke is expected to become operational in 2024 and is expected to bring Li-Cycle's future planned capacity across its global Spoke network to more than 100,000 tonnes of lithium-ion battery material per year," it added.
Li-Cycle's first European Spoke will be located in Germany and will leverage the company's 'Generation 3' Spoke technology.
"The Germany Spoke is expected to be the company's largest Spoke facility to-date, with processing capacity for 30,000 tonnes of lithium-ion battery material per year, including main line and ancillary processing capacity," the company said.
Li-Cycle noted it is also developing a 'Generation 3' Spoke in Norway, which is expected to have processing capacity of up to 10,000 tonnes of lithium-ion battery material per year.
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