About Us

Established in October 2021, LICO Materials Private Limited is a Recycling Company with a focus on recycling end of life lithium-ion batteries. LICO is creating a sustainable circular economy solution in the lithium-ion battery supply chain for the recovery of critical materials. Lithium recovery, cobalt recovery, manganese, and nickel are to be given back to battery manufacturers to give the materials a second life.

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.