RecycLiCo Battery Materials Inc (AMYZF) is a Canadian company that develops and commercializes a patented process for recycling lithium-ion batteries. The company’s RecycLiCo™ process is designed to recover high-purity lithium, cobalt, nickel, manganese, and aluminum from battery waste, while minimizing the environmental impact and reducing the reliance on mining. The company aims to create a circular economy for battery materials and provide a sustainable solution for the growing demand for electric vehicles and energy storage systems.
Background
Lithium-ion batteries are widely used in various applications, such as smartphones, laptops, electric vehicles, and renewable energy systems. However, these batteries have a limited lifespan and pose significant challenges for disposal and recycling. According to the International Energy Agency (IEA), the global stock of electric vehicles reached 10 million in 2020 and is expected to grow to 145 million by 2030. This implies a massive increase in the demand for battery materials, as well as the generation of battery waste. The IEA estimates that by 2030, the annual waste from retired electric vehicle batteries will reach 2 million tons.
The current methods of recycling lithium-ion batteries are either inefficient or harmful to the environment. The most common method is pyrometallurgy, which involves burning the batteries at high temperatures to extract metals such as cobalt and nickel. However, this method consumes a lot of energy, emits greenhouse gases, and leaves behind slag and ash that contain toxic substances. Moreover, this method does not recover lithium, which is one of the most valuable and scarce metals in batteries. Another method is hydrometallurgy, which involves dissolving the batteries in acid solutions and using chemical precipitation or solvent extraction to separate the metals. However, this method also generates large amounts of wastewater and hazardous waste that require further treatment and disposal. Furthermore, this method also results in low purity and quality of the recovered metals.
RecycLiCo™ Process
RecycLiCo Battery Materials Inc has developed a novel process that overcomes the limitations of the existing methods and offers a green solution for lithium-ion battery recycling. The company’s RecycLiCo™ process is based on a patented leaching technology that uses organic solvents instead of acids to dissolve the battery materials. The process then uses proprietary purification and recovery techniques to produce high-purity lithium carbonate, cobalt sulfate, nickel sulfate, manganese sulfate, and aluminum hydroxide. The process does not generate any solid waste or wastewater and has a low carbon footprint. The company claims that its process can achieve up to 99% recovery rate and up to 99.5% purity of the recovered metals.
The company has successfully demonstrated its RecycLiCo™ process at the pilot plant scale and has produced samples of lithium carbonate and cobalt sulfate that meet or exceed the specifications of battery manufacturers. The company has also signed memoranda of understanding with several potential partners and customers, such as [Glencore], [Johnson Matthey], [EcoGraf], [Lithion Recycling], [CathodeX], and [Critical Elements Lithium Corporation], to explore collaboration opportunities for its RecycLiCo™ process.
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Conclusion
RecycLiCo Battery Materials Inc is a pioneer in developing a green solution for lithium-ion battery recycling. The company’s RecycLiCo™ process can recover high-purity lithium, cobalt, nickel, manganese, and aluminum from battery waste, while minimizing the environmental impact and reducing the reliance on mining. The company has proven its technology at the pilot plant scale and has established strategic partnerships with various stakeholders in the battery value chain. The company has a strong potential to capitalize on the growing demand for battery materials and to contribute to the circular economy for battery materials.
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