Canada-headquartered lithium-ion battery recycling specialist Li-Cycle will build its third facility in Arizona, joining plants the company already operates in Ontario and New York State.

Equity investors have already committed more than US$300 million to lithium battery recycler Li-Cycle’s plan to go publicly-listed through a special purpose acquisition company (SPAC) merger.

Energy-Storage.news spoke with Li-Cycle, which claims it can achieve a recycling rate of 80% to 100% of materials in lithium-ion batteries.