Innovative Battery Recycling Plant Scores Big Investment – You won’t believe who’s backing it!

A groundbreaking achievement was recently made by Livy (ASX:LIT) subsidiary Envirostream Australia, securing an AU$850,000 grant as part of Western Australia’s electronic waste infrastructure funding program. Livium, formerly known as Lithium Australia, stands as the first Australian company dedicated to lithium and mixed battery recycling onshore. Since its inception in 2017, Livium has strived to develop innovative solutions for managing the recycling of lithium-ion batteries, addressing a pressing waste issue in Australia.

1. Grant Utilization: The funding provided by the WA government aims to fuel the establishment of a sustainable national battery recycling ecosystem. Livium’s CEO and Managing Director, Simon Linge, expressed gratitude for this support, emphasizing the grant as a significant step towards achieving their mission.
2. Facility Development: The grant will be crucial in setting up a cutting-edge recycling facility in Western Australia. This facility will focus on collecting, sorting, discharging, and storing batteries to establish integrated end-of-life battery processing within the country. Once batteries are processed locally, they will be sent to Envirostream’s facility in Melbourne, Victoria, for final processing into mixed metal dust.
3. Industry Boost: Western Australia’s commitment to e-waste recycling is evident with the allocation of AU$10 million to boost the industry. Livium views this as a means to enhance e-waste reuse, storage, collection, processing, and recycling capabilities, ultimately supporting the state’s circular economy goals.
4. Long-term Strategy: Livium sees the development of battery processing capabilities in Western Australia as a strategic move aligning with its long-term recycling strategy. The company aims to revolutionize Envirostream’s collection capabilities and service reach across the country through this initiative.
5. Environmental Impact: Livium’s mission is not just about recycling batteries but also about contributing to a greener future by efficiently managing e-waste and recovering valuable materials. The company remains committed to building a facility that plays a pivotal role in transforming Australia’s e-waste recycling landscape.

This significant milestone underscores Livium’s dedication to environmental sustainability and innovation in the waste management sector. As the company continues on its path towards a greener future, the development of the WA facility marks a crucial step in enhancing Australia’s e-waste recycling capabilities. With a strong focus on environmentally conscious practices, Livium is poised to make a lasting impact on the nation’s battery recycling ecosystem.