High Voltage Lithium-Ion Batteries and Li-Cycle Technology: Life Cycle Assessment

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Li-Cycle TechnologyTM offers a new, low cost, safe, and environmentally friendly process that can recycle all**types of lithium-ion batteries, recovering up to 100% of all materials. Li-Cycle's industry-leading innovations**make it as a key, potential player in the recovery of precious materials, especially as the world embraces zero**carbon technologies.**Potential customers and partners across the lithium-ion battery supply chain are particularly interested in the**net environmental benefits offered by Li-Cycle TechnologyTM, particularly to reduce greenhouse gases, as**well as soil and water impacts. However, the lithium-ion battery industry is evolving rapidly, driven by the**increased use of lithium-ion batteries in high voltage applications for electrification, such as hybrid and full**electric vehicles.**Li-Cycle TechnologyTM has developed a unique recycling process that can produce superior environmental**benefits to curb air, soil, and water pollution when recovering the lithium from spent batteries compared to**existing, conventional approaches to lithium-ion battery recovery . Because of customer demands for**environmental conscious solutions and the rapidly growing use of high voltage lithium-ion batteries in**vehicles, an LCA (life cycle assessment) that assesses these new, modern forms of lithium-ion batteries (e.g.,**high voltage) and Li-Cycle TechnologyTM is critical to validate Li-Cycle's value proposition. Additionally, a**gate-to-gate LCA is essential to quantify the net environmental benefits of Li-Cycle TechnologyTM within**Li-Cycles' proposed operating facilities. The LCA is to comprehensively evaluate the environmental benefits**that can be realized from using Li-Cycle's new process for lithium recovery.