Industrial Minerals
A Canadian start-up has recognised the risks posed by the lack of end-of-life management available for the rapidly growing number of lithium-ion batteries in the global economy and is seeking to provide a profitable solution.
Canadian battery recycling business Li-Cycle is the brainchild of two entrepreneurial engineers, aimed at solving the rapidly growing global lithium-ion (Li-ion) battery waste problem.
Ajay Kochhar, a chemical engineering graduate and CEO of Li-Cycle, and Tim Johnston, a trained mechanical engineer and the company's market and technical advisor, decided to found the business when both were working at global consultancy firm, Hatch.
Observing the need to transition away from a carbon-based economy in order to slow and reverse the effects of climate change, the pair viewed electrification and cost-effective battery storage as central to this shift.
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