South Korean manufacturer of advanced lithium-ion batteries LG Chem has formed a partnership with battery recycling company Envirostream to be its exclusive battery recycling partner in Australia.
The partnership aims to develop safe and innovative management solutions to increase the country’s low recovery rates concerning batteries, which is an increasing threat to the Australian environment.
Research conducted by the CSIRO highlighted that only two per cent of Australia’s annual 3,300 tonnes of lithium-ion battery waste is recycled, with waste predicted to grow by at least 300 per cent each year by 2036.
According to LG Chem, the partnership is the first step to allow LG Chem to be closer to achieving its environmental mission, as well as bringing a truly circular economy to its Australian operations.
Originally, used batteries were sent to overseas for recycling or left in landfills. However, according to Envirostream, its ISO 14001 accredited modular will allow for 95 per cent of the resources from end-of-life batteries to be safely recovered before being sent to metal and battery manufacturers to be converted into raw materials for new battery production.
“We’re extremely proud to be able to carve a new path towards preserving our precious planet through this invaluable partnership with Envirostream,” said Jamie Allen, general manager from LG Chem Australia.
“Starting with Australia, we hope this provides the opportunity to expand sustainable options for lithium-ion battery disposal.”
Established in 2017, Envirostream is a new ambitious company specifically designed to develop safe and innovative, on-shore processing solutions for rapidly growing issues in the battery waste stream.
In 2018, Envirostream recycled 298,240kg of the waste stream and showed how previously unseen opportunities can be developed and nurtured in Australia’s recovery sector.