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- Lithium Australia’s (LIT) Envirostream has been awarded a 99 year licence for battery recycling from EPA Victoria
- The licence allows Envirostream to process more than 500 tonnes of specified electronic waste every year
- Envirostream is focused on diverting as much battery material from landfill as possible
- LIT is trading in the grey at 11.5 cents per share at 2:39 pm AEDT
Lithium Australia (LIT) has announced that EPA Victoria has issued Envirostream a 99 year licence for battery recycling.
Envirostream is a mixed-battery recycling company that collects, sorts, shreds and separate all the components of end-of-life lithium-ion batteries.
LIT has a 90 per cent ownership in Envirostream.
The licence allows Envirostream to process more than 500 tonnes of specified electronic waste every year.
In July 2019, Victoria banned the disposal of spent batteries to landfill, given that many contain toxic materials capable of polluting soil, groundwater and waterways.
Envirostream is focused on diverting as many battery material from landfill as possible.
LIT Managing Director Adrian Griffin said the EPA licensing ensured that “the environmental safeguards are in place for the increasing battery utilisation
required to decarbonise the economy”.
“Australia has an environmental duty of care to establish compliant recycling facilities that can safely process the expected increase in volume of end-of-life batteries, providing sustainable materials for this critically important manufacturing sector and reducing environmental pollution – the legacy of what has until now been a poorly managed industry,” Mr Griffin said.
“As part of the process of obtaining that 99-year licence, Lithium Australia and
Envirostream Australia worked together to develop specific, in-house improvements that enhance safety in the collection, storage and processing of spent batteries and further reduce any fire risk associated with their recycling. We lead the industry in that respect.”
LIT was trading in the grey at 11.5 cents per share at 2:39 pm AEDT.
