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LICO Materials Private Limited was established to address the growing environmental challenges posed by waste materials and to contribute toward sustainable circular economy. We are committed to establishing a sustainable battery circular economy that meets the growing critical mineral demand for li-ion batteries and helps in making India energy independent. By recycling and refurbishing end of life lithium-ion batteries, we recover high purity grade critical minerals from battery waste, crucial to battery value chain for anode and cathode manufacturers, support import substitution, conserving minerals and contribute to India’s growth towards clean energy transition.
Vision: To become a market leader & trusted partner for recycling and repurposing end-of-life lithium-ion batteries.
Mission: To repurpose & recover critical minerals like Cobalt, Manganese, and Nickel, providing a second life by supplying them to battery manufacturers
LICO has commissioned its first battery recycling plant and shredding plant with a capacity of 3000 M Tons per annum in Mumbai in Q2 2022. This battery recycling plant uses scalable and standard equipment to separate plastics, copper and aluminium foils and black mass. The black mass produced contains critical materials like lithium, cobalt, manganese and nickel.
LICO has formed a strategic partnership with a sustainable technology provider to set up 2 battery recycling plants in Southern India with a combined capacity of 10000 M Tons per annum, which uses proprietary hydrometallurgy technology to recover the critical metals from the black mass-produced during shredding.
