DOE grants US$375M loan for lithium battery recycling plant

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The effort to satisfy a vast demand for lithium for electric vehicle batteries moved one step forward with a US$375 million loan from the U.S. Department of Energy to Li-Cycle, a battery recycling company, to build a lithium-ion battery recovery plant near Rochester, New York.

Technical grade lithium carbonate comes off a conveyor belt during a tour of the Silver Peak lithium mine near Tonopah, Nev., on Monday, Jan. 30, 2017.

Earlier this month, the DOE Loan Programs Office also announced a conditional US$2 billion loan to Redwood Materials to build a battery recycling facility outside Reno, Nevada. It will also make new EV battery cells out of recovered copper foil and other electrochemical materials. Recycling lithium is seen as far less environmentally damaging than mining it from the ground, and potentially less expensive.

 

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'Recycling' My A$$!!!

What return are the getting. Remember all the money the taxpayers gave to the vaccine plant that took the money and left. Zero consequence. I hope they put more conditions this time. Plus the news should state the taxpayers thru doe loaned that money and expects it back plus plus

Over 100.000 slaves (mostly forced child labour) are working in “green industry” mining lithium. The level of environmental devastation caused by mining for “zero emission clean energy” in South America, Asia and Africa is at the level never seen before in human history. 🧵👇

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Canadian company Li-Cycle secures conditional US$375M loan for new U.S. battery facility - BNN BloombergToronto-based battery recycling company Li-Cycle Holdings Corp. announced it will receive a US$375 million loan from the U.S. Department of Energy to create a battery facility near Rochester, New York.
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