Licomat

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About Licomat

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, cobalt, manganese, and nickel are to be given back to battery manufacturers to give the materials a second life.

LICO Materials addressed the Lithium-ion cell supply chain ecosystem in India at a webinar organized

Licomat13 Feb, 2023Technology

MUMBAI, India - Feb. 9, 2023 - PRLog -- Mumbai, India: LICO Materials Private Limited participated in a webinar organized by EVReporter.com to discuss India's upstream and midstream capabilities for the Lithium-ion cell supply chain. Highlighting the overall sustainable technology and approach towards Lithium-ion batteries, Mr. Gaurav Dolwani, the CEO of LICO Materials Private Limited, shared his views on LICO's technology on how it builds the value chain related to material recovery from used batteries, coupled with transportation of batteries, challenges with raw material collection process, and the future growth. Industry experts from companies such as Nsure Reliable Power Solutions, NOMURA research institute and, JLNPhenix Energy, shared their valuable insights in the field of EV battery recycling. The speakers addressed various topics related to the industry, including its challenges and future developments.

What is the importance of recycling and not disposing of the Li-ion batteries?

Licomat14 Nov, 2022Technology

The word ?Li-ion Battery? might be familiar, as many have heard or read while looking for wireless gadgets, smartphones, and small and large appliances. Li-ion batteries are a type of battery in which lithium-ions move from negative electrode to positive electrode back and forth through an electrolyte. These might be very technical for someone to understand. So let us make it easy! Li-ion batteries are rechargeable, unlike other remote-control batteries which are used once and cannot charge. For producing Li-ion batteries, raw materials like lithium, graphite, cobalt, and manganese get used.

Are Li-ion batteries harmful to the environment and humankind?

Licomat14 Nov, 2022Technology

Used batteries create a significant opportunity for recycling companies. E-waste, which is toxic and non-biodegradable, is best put to use by being recycled and given a new life. Recycling batteries is key to ensuring that there are enough raw materials for the swift increase in EV demand, notes Akira Yoshina who was awarded the Nobel prize for creating the first safe lithium-ion battery. Lico focuses on recycling end-of-life batteries in India and recovering critical materials such as lithium, cobalt, manganese and nickel. These recovered materials are given back to battery manufacturers to be used to produce new products. Recycling batteries is key to ensuring that there are enough raw materials for the swift increase in EV demand.

How can we make lithium-ion batteries a truly circular and sustainable product?

Licomat14 Nov, 2022Technology

A lithium-ion or Li-ion battery is a rechargeable battery composed of raw materials like lithium, ion, nickel, cobalt and manganese. Li-ion batteries have a no-memory effect, high energy density and low self-discharge. These cells can be manufactured to prioritize either power density or energy. Research areas for lithium-ion batteries include extending lifetime, reducing cost, increasing energy density and charging speed, and improving safety. The potential of lithium-ion (Li-ion) batteries to be the primary energy source in off-grid renewable energy is a given. A longer lifespan than other existing technologies, along with power densities and higher energy, are the most beneficial attributes of Li-ion batteries. The Li-ion can be the battery of the first choice for conserving a reasonable amount of energy. Nevertheless, to be fully adopted in the renewable energy sector, Li-ion batteries need a price subsidizing that will likely happen only due to mass production.

The Bigger Picture behind the recycling of Lithium-ion batteries

Licomat14 Nov, 2022Technology

Lithium-ion battery recycling requires specialized machinery and processes. This is why they are only handled by well-equipped, experienced and dedicated recycling teams. The sensitive nature of these batteries demands their fragile handling before shipment. LICO aims to reduce India?s dependence on other countries for recycling LI-ion batteries by developing professional processes to do the same seamlessly. When other countries do the recycling of Li-ion batteries, our spending on EV vehicles increases by 30-40% and therefore there is an increase in the cost of the product. When LICO recycles Li-ion batteries, it reduces our dependence and reduces spending on the products using these batteries. The major drawback our nation faces is when we import these batteries so LICO aims to excel in the sphere of recycling lithium-ion batteries. This e-waste recycling means we save money on imports from China, Korea and many such nations that lead in these areas of development.

How Black Mass is leading us to a more sustainable future

Licomat26 Sep, 2022Technology

Lithium-ion batteries are composed of metals, including manganese, lithium, cobalt, and nickel. Once a li-ion battery reaches the end of its shelf-life, the battery pack is collected, dismantled, and shredded. The shredded material is then processed to produce the by-product called ?black mass?, which consists of high amounts of precious metals from which materials like cobalt, manganese, lithium and nickel can be reused. These critical materials can then be extracted from the black mass and reused as raw materials in new battery production.

Materials recovered from Li-ion batteries

Licomat26 Sep, 2022Technology

Lithium-ion batteries (LIBs) have been increasingly commercialized in the last 30 years. Their high energy density and specific capacity is making them suitable for electronic devices such as laptops, mobile phones and electric vehicles. Most hydrometallurgical LIB recycling routes comprise pre-treatment steps that remove and recover the current collectors (i.e. metallic aluminum and copper) and other components, resulting in a fairly pure cathode material. Subsequently, cobalt and other metals are leached with mineral acids furthermore into the process.

EV Industry Overview

Licomat26 Sep, 2022Technology

The electric vehicle industry is growing in India. The central and state governments have launched many schemes to encourage it. Some rules and standards have also been made to support lithium battery recycling and e-waste recycling. The Indian automobile industry is the fifth largest in the world and is expected to become the third largest by 2030. The Indian EV Industry is slowly increasing its market share, supported by government initiatives and a rise in crude oil prices, as people look for alternative sources to minimize their monthly expenses. However, a great shift from internal combustion engine (ICE) vehicles to EVs requires expansion of charging stations, other infrastructure facilities, and vehicles that could provide a higher mileage with a single charge. Multiple initiatives taken by the government to support the manufacturing and adoption of electric vehicles in the country should help achieve the target of 100% EV adoption by 2030. They also ensure battery raw materials

Lithium supply is set to triple by 2025. Will it be enough?

Licomat26 Sep, 2022Technology

Lithium prices plummeted in 2019, as the market tipped into oversupply and EV growth slowed. Production of the lithium-ion battery metal is set to almost triple by 2025 to over 1.5 million metric tons, but there are concerns that a decline in upstream investment could flip the market into undersupply further out. Lithium recovery is important as it is an integral component of batteries for electric vehicles and even during lithium-ion battery recycling. As EV purchases have sky-rocketed ? over 2 million vehicles were sold in 2018, so has the need for eco-friendly battery recycling, in turn, fueling lithium-ion battery demand.

All about Electric Vehicle Battery!

Licomat26 Sep, 2022Technology

Every vehicle has a battery inside to power up its function. An automobile vehicle battery is an example of a wet cell battery, with six cells. It?s a rechargeable battery that is used to start a motor vehicle. Its main objective is to provide an electric current to start the electric-powered motor, which further starts the chemically-powered internal combustion engine that actually propels the vehicle. They even have a high power-to-weight ratio, high energy efficiency, good high-temperature performance, and low self-discharge. Most elements of lithium-ion batteries can be recycled, however, the price of material recovery remains a challenge for the industry.