Li-Cycle Secures $475M Loan from DOE to Develop North America’s First Battery Recycling Hub

Post Views: 445 Process up black mass   Funding to Restart Construction of Flagship Rochester Hub, Supporting U.S. Battery Materials Supply Chain Li-Cycle Holdings Corp., based in Toronto, has secured a $475 million loan from the U.S. Department of Energy (DOE). This loan includes up to $445 million in principal and up to $30 million in capitalized interest. The funding will support the development of Li-Cycle’s flagship Rochester Hub in New York. This is the first DOE loan facility dedicated to a lithium-ion battery recycling company, underscoring the growing need for domestic recycling ...