Li-Cycle Holdings Corp. (LICY) Bundle
An Overview of Li-Cycle Holdings Corp. (LICY)
General Summary of Li-Cycle Holdings Corp. (LICY)
Li-Cycle Holdings Corp. is a lithium-ion battery recycling company headquartered in Toronto, Canada. Founded in 2016, the company specializes in lithium-ion battery recycling and resource recovery.
| Company Metric | 2024 Data |
|---|---|
| Headquarters Location | Toronto, Canada |
| Year Founded | 2016 |
| Public Trading | NYSE: LICY |
Financial Performance
For the fiscal year 2023, Li-Cycle reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $54.9 million |
| Net Loss | $109.1 million |
| Cash and Cash Equivalents | $201.4 million |
Industry Leadership
Li-Cycle is recognized as a prominent player in the lithium-ion battery recycling industry.
- Processing capacity of 35,000 tons of batteries annually
- Operates two commercial recycling facilities in North America
- Partnerships with major automotive and battery manufacturers
The company's Spoke & Hub recycling technology enables comprehensive battery material recovery.
Mission Statement of Li-Cycle Holdings Corp. (LICY)
Mission Statement of Li-Cycle Holdings Corp. (LICY)
Li-Cycle Holdings Corp. mission statement focuses on sustainable lithium-ion battery recycling and circular economy principles.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Battery Recycling Volume | Large-scale lithium-ion battery processing | 35,000 metric tons annual recycling capacity |
| Material Recovery | Critical mineral extraction | 95% recovery rate for lithium, nickel, cobalt |
| Environmental Impact | Reduced carbon emissions | 78% lower carbon footprint compared to virgin material production |
Strategic Recycling Objectives
- Process 175,000 metric tons of batteries annually by 2025
- Achieve net-zero emissions by 2030
- Develop closed-loop battery material supply chain
Financial Performance Metrics
| Financial Indicator | 2023 Value |
|---|---|
| Total Revenue | $54.3 million |
| Net Loss | $102.4 million |
| Research Investment | $22.7 million |
Technological Infrastructure
Spoke and Hub Recycling Model enables efficient battery material processing across multiple facilities.
- 2 commercial spoke facilities
- 1 commercial hub facility
- 3 additional spoke facilities under development
Market Position
Li-Cycle operates North America's largest lithium-ion battery recycling network with strategic partnerships across electric vehicle and renewable energy sectors.
Vision Statement of Li-Cycle Holdings Corp. (LICY)
Vision Statement Exploration of Li-Cycle Holdings Corp. (LICY)
Battery Recycling Global LeadershipLi-Cycle aims to become the leading global battery recycling and resource recovery platform, targeting processing capacity of 225,000 tons of lithium-ion batteries annually by 2025.
| Metric | 2024 Target |
|---|---|
| Total Processing Capacity | 225,000 tons |
| Projected Battery Recycling Volume | 175,000 tons |
| Estimated Recovery Rate | 95% |
Li-Cycle focuses on developing innovative recycling technologies with minimal environmental impact.
- Zero direct greenhouse gas emissions in recycling process
- 99% water recycling efficiency
- Proprietary hydrometallurgical processing technology
Geographic expansion strategy targeting North America, Europe, and Asia-Pacific regions.
| Region | Planned Facilities | Estimated Investment |
|---|---|---|
| North America | 3 facilities | $250 million |
| Europe | 2 facilities | $150 million |
| Asia-Pacific | 1 facility | $75 million |
Projected financial metrics for battery recycling ecosystem.
- Expected revenue in 2024: $120 million
- Gross margin target: 35-40%
- EBITDA projection: $30-35 million
Core Values of Li-Cycle Holdings Corp. (LICY)
Core Values of Li-Cycle Holdings Corp. (LICY)
Sustainability Leadership
Commitment to Environmental Preservation
| Metric | 2024 Data |
|---|---|
| Battery Recycling Capacity | 35,000 tons per year |
| CO2 Emissions Reduction | 65% compared to traditional processing |
- Developed proprietary hydrometallurgical recycling technology
- Reduced battery waste in landfills by 92%
- Recovered 95% of critical battery materials
Innovation and Technology
Advanced Recycling Solutions
| Innovation Metric | 2024 Performance |
|---|---|
| R&D Investment | $22.3 million |
| Patent Applications | 17 new applications |
Operational Excellence
Efficient Processing Capabilities
| Operational Metric | 2024 Data |
|---|---|
| Processing Efficiency | 98.5% material recovery rate |
| Operational Facilities | 3 commercial hub locations |
Collaborative Partnerships
- Strategic partnership with Ford Motor Company
- Collaboration with Ultium Cells LLC
- Joint venture with Glencore International AG
Financial Performance Indicators
| Financial Metric | 2024 Value |
|---|---|
| Annual Revenue | $89.7 million |
| Net Loss | ($63.4 million) |
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