Recycling spent lithium-ion batteries with new methods creates new value without costing the earth.
Only 5% of lithium-ion batteries are recycled at the end of their useful lives, and smelting processes to do so are typically incredibly energy intensive and polluting. Li-Cycle has developed a new chemical technique to recycle some of the 11 million tonnes of spent lithium-ion batteries that will be discarded by 2030. The process uses significantly less energy and produces far less waste and pollution than conventional methods, allowing batteries to be recycled at less financial and environmental cost. The firm claims to have the potential to reduce greenhouse gas emissions by more than 1 billion tonnes of CO₂ equivalent by 2040.