LITHION RECYCLING RECEIVES FUNDING FROM STDC

MONTREAL, QC, August 20, 2019 – Lithion Recycling is proud to announce that our project consortium has received a $3.8 million funding from Sustainable Development Technology Canada (SDTC).

« We are delighted that Lithion Recycling Inc. has received support from SDTC. The electric vehicle market is growing, but there is currently no sustainable solution for its lithium-ion battery recycling. The innovative and patented process we have developed for Lithion Recycling Inc. will allow up to 95% of these batteries’ components to be recovered in an ecofriendly and cost-effective manner. We are excited about the idea of contributing to the shift to a circular economy”, said Benoit Couture, President of Lithion Recycling Inc. »

 Lithion Recycling Inc. will enable the recycling of all types of lithium-ion batteries (LiBs), essential to the sustainable development of transportation electrification. The project consortium is formed of Seneca, Centre d’études des procédés chimiques du Québec (CEPROCQ), Call2Recycle™, and Hydro-Québec’s Center of Excellence in Transportation Electrification and Energy Storage (CETEES).

 « SDTC is proud to support Lithion Recycling Inc. in its efforts to address the issue of recycling lithium-ion batteries. These batteries are essential to the functioning of our electric vehicles, smartphones and tablets, and finding ways to recycle these batteries will help make Canada a cleaner and healthier place to live », said Leah Lawrence, President and CEO of Sustainable Development Technology Canada.

Lithion Recycling Inc. is aiming for a worldwide commercialization of its technology, which will begin with the construction of a 200-tons-per-year capacity pilot plant in Quebec in 2019.

Its process will enable the recovery of high value lithium-ion battery components such as cobalt, lithium and graphite, which can then be directly reused by battery manufacturers. Most lithium-ion batteries currently recovered and diverted from landfill sites are handled using processes that have an important environmental footprint and a much lower efficiency. The process developed by Lithion Recycling Inc. will provide a profitable and sustainable alternative to this issue.