Brighter Days: Output of U.S. recycling sector up 6.4 percent
Washington, D.C. — The resilience of the global recycling industry was showcased last week at the Institue of Scrap Recycling Industries (ISRI) annual conference and exposition stage as organization President Robin Wiener said U.S. recycling industry output is up 6.4 percent from pre-pandemic levels. “As the industry gathers virtually for our ISRI 2021 annual convention this […]
Triple Threat: Li-Cycle plans third battery recycling facility in North America
Phoenix, Arizona — Canadian startup Li-Cycle Corp. plans a third battery-recycling facility in North America, doubling its capacity in the region as the global electric-vehicle boom gathers momentum. The centre, to be located near Phoenix, will be capable of processing up to 10,000 metric tons of end-of-life batteries and battery-manufacturing scrap per year, said Li-Cycle; […]
CONFIRMED BY COVID
Rob Rainwater, Mike Kunkel and Lee Worman of Profit Team Consulting will be hosting bi-weekly virtual training sessions for the Ontario Automotive Recyclers Association now through June 3. Recyclers look back on lessons learned in 2020 BY ALLISON ROGERS As an essential business amid COVID-19, the strength of the North American automotive recycling sector has […]
Ecological Eyes: LKQ releases inaugural Sustainability Report
Chicago, Illinois — Yesterday, LKQ Corp. announced the release of its inaugural Sustainability Report outlining the company’s ongoing focus on responsible environmental, social and governance (ESG) practices. “We are excited to release our inaugural Sustainability Report, which signifies our commitment to further enhance our ESG practices across our global operations,” noted Dominick Zarcone, President and […]
Closed Circuit: Hyundai partners with Quebec-based Lithion for battery recycling
Markham, Ontario — Like the person who puts the tongs back on the plate at the buffet, Hyundai Canada is striving to make the EV industry better than when they arrived by partnering with Quebec-based Lithion Recycling to handle the automaker’s battery recycling program. This move by Hyundai attempts to complete a more sustainable production […]
RECYCLING NEWS
VIVA VENTRESCA Thorold Auto Parts is giving it up for an industry veteran who has been with the company for 35 years. Sales manager, Mike Ventresca, recently celebrated his 35th year at the shop where he was first hired back in the mid-’80s. “I was hired back in ‘86,” said Ventresca in a phone interview […]
Li-Cycle Listed: Ontario battery recyclers files to go public on NYSE
Mississauga, Ontario – Li-Cycle is raising funds for global expansion by going public on the New York Stock Exchange (NYSE) in a deal that values the battery recycler at US$1.7 billion, the company announced Tuesday. The five-year-old private company has unveiled plans to merge with Peridot Acquisition Corp., an NYSE-listed special acquisition corporation (SPAC). If […]
Recycling News – CRM 19#6
RECHARGED RECYCLING “Li-Cycle has announced it has closed a Series C equity funding round with intentions to use the funds for developing its Rochester, New York, commercial hub, along with an international market expansion. New York-based firm, Moore Strategic Ventures LLC, led the financing round. Founded in 2016, Li-Cycle says it has“reinvented the recycling process,” […]
Emphasizing Electrification: Honda and CATL join forces for EV battery development, recycling
Toronto, Ontario — Contemporary Amperex Technology Co., Limited (CATL) and Honda have signed an agreement to form a strategic alliance regarding electric vehicle batteries. The two companies say this agreement will enable discussions on a broad range of areas including joint development, stable supply, and the recycling and reuse of batteries. By bringing together the […]
Autorecycling plant tackles 10,000 bumpers
Toronto, Ontario — July 3, 2019 – Earlier this year, ELV revealed that bumpers could, in fact, be recycled properly and although some auto recycling plants don’t have the technology to deal with them, one plant has taken on the challenge and created an entire bumper empire. Nearly 10,000 old bumpers are stacked up at Burnaby […]
