Sustainability

Circular Economy

A circular economy is an industrial system that is restorative or regenerative by intention and design. It replaces the end-of-life concept with restoration, shifts towards the use of renewable energy, eliminates the use of toxic chemicals, which impair reuse and return to the biosphere, and aims for the elimination of waste through the superior design of materials, products, systems, and business models.

One of the goals of the circular economy is to have a positive effect on the planet’s ecosystems and to fight the excessive exploitation of natural resources. The circular economy has the potential to reduce greenhouse gas emissions and the use of battery raw materials, optimize agricultural productivity and decrease the negative externalities brought by the linear model. When it comes to reducing greenhouse gases, a circular economy can be helpful:

Lico's sustainibility

LICO

At LICO, we have always believed in upholding the highest standards in safety and environmental sustainability, providing a cleaner, more ethical method of producing critical finite battery materials than the mining industry. Our business policy encompasses all environmental, health & safety, and quality best practices.
No-chemical

The non-chemical process
adopted during shredding

zero waste

Zero wastage and Zero discharge or No battery waste

No-sewage-treatment

No sewage treatment
 

No harmful gas

No harmful gas emissions
 

After setting up our battery recycling plant, the goal is to recover all battery-grade minerals from spent lithium-ion batteries while recycling batteries that are already used and supplying them to battery/cell manufacturers to make new batteries using the same minerals. This will reduce battery waste and battery disposal.

In doing so, we aim to achieve – Closing the Loop.