Battery recycler Li-Cycle announced Thursday that it was seeking buyers for its business and assets – hoping to strike a deal and avoid filing for bankruptcy protection.
The Canadian company was building a massive hub facility at Eastman Business Park but abruptly halted construction in the fall of 2023, citing escalating construction costs. Since then, there’s been uncertainty about whether the once-heralded development would restart and deliver on the promise to create more than 250 jobs.
“Considering the company’s current circumstances, Li-Cycle will need to significantly modify or terminate its operations and may need to dissolve and liquidate its assets under applicable insolvency laws…
