LICO Materials, established in 2021, is a recycling and repurposing company dedicated to a sustainable lithium-ion battery circular economy. We focus on recovering critical materials like cobalt, manganese, nickel enabling these resources to be repurposed and supplied back to battery manufacturers for a second life. We also manufacture repurposed energy storage systems for commercial & mobility applications as a sustainable 2nd life solution to batteries. Our battery recycling & repurposing facility in Karnataka, India has a capacity of 17,500 tons with expansion plans of 44,000 tons by 2027.
LICO’s business model aims to create a sustainable environment through its reduced waste and zero waste process of battery recycling. The recycling process enables us to recover upto 92% of all materials found in the EV battery and then put those back into the EV battery supply chain so that these critical minerals can be reused infinitely. The refurbishment process ensures that we use these batteries to the maximum potential by altering their application so that there is no energy wasted from batteries and energy can be used to power a variety of applications ranging from an inverter bulb to a large energy storage system.
LICO uses mechanical shredding process where end of life lithium-ion batteries are shredded and crushed into fine sizing. Magnetic separation, vibration screens and multiple sieving techniques separate the plastic, steel, aluminum foil, copper foil and black mass. This process ensures zero waste and zero discharge supporting eco-friendly recycling, thus, recovering everything from the spent batteries and contributes to zero losses of critical materials or battery waste.
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