LG Chem teams up with Envirostream for battery Recycling solutions in Australia
SEOUL (Scrap Register): LG Chem, South Korea's leading manufacturer of advanced lithium-ion batteries, formed a partnership with one of the pioneering recycle-luminaries Envirostream to be LG Chem's 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, the company said in a press release.
Research conducted by the CSIRO highlighted that only 2% of Australia’s annual 3,300 tonnes of lithium-ion battery waste is recycled, with waste predicted to grow by at least 300% 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% 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.
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 298,240 kg of the waste stream and showed how previously unseen opportunities can be developed and nurtured in Australia’s recovery sector.