Li-Cycle signs agreement for a loan facility of up to $475 million with US DOE
The loan offer from the US DOE is expected to support the development of Li-Cycle’s flagship Rochester Hub project, which is located in upstate New York
Li-Cycle Holdings Corp., a leading global lithium-ion (Li-ion) battery resource recovery company, has entered into an agreement for a loan facility of up to $475 million (including up to $445 million of principal and up to $30 million in capitalized interest) through the US Energy Department (US DOE) Loan Programs Office’s (LPO) Advanced Technology Vehicles Manufacturing (ATVM) program, the company announced Nov. 7.
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