Proactive Investors | By Andrew Scott.
Lithium Australia NL‘s (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) CFO Stuart Tarrant speaks to Proactive following the news they’ve been admitted to the Global Battery Alliance (GBA), which aims to accelerate the deployment of batteries worldwide. Membership of the GBA will assist Lithium Australia in achieving its own ESG objectives, which are designed to ensure an ethical and sustainable supply of energy metals to the battery industry.
Proactive Investors | By Andrew Scott.
Andrew Mackenzie, managing director of Lithium Australia NL‘s (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) subsidiary Envirostream answers questions around the risks associated with batteries and what regulations are currently in place to deal with them. He also outlines Envirostream’s solution on how the industry could supply the change needed to help manage the risks.
Proactive Investors | By Andrew Scott.
Andrew Mackenzie, managing director of Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) subsidiary Envirostream, discusses with Proactive’s Andrew Scott the national stewardship scheme for managing end of life batteries and the potential impact it will have on the business as well as results from field testing of fertiliser blends containing manganese micronutrients derived from spent alkaline batteries.
Proactive Investors | By Andrew Scott.
Andrew Mackenzie, managing director of Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) subsidiary Envirostream, discusses with Proactive’s Andrew Scott the national stewardship scheme for managing end of life batteries and the potential impact it will have on the business as well as results from field testing of fertiliser blends containing manganese micronutrients derived from spent alkaline batteries.
Proactive Investors | By Andrew Scott.
Andrew Mackenzie, managing director of Lithium Australia NL’s (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) subsidiary Envirostream, speaks to Proactive’s Andrew Scott after announcing they’ve launched research and development into fire-resistant collection containers for roll-out in its network to help mitigate the risk of incidents in the collection and storage of batteries. Envirostream has been developing industry-wide improvements to ensure better safety around the collection, storage and processing of batteries.
Lithium Australia NL’s (ASX:LIT) Adrian Griffin talks to Proactive about the their 90% subsidiary Envirostream which operates Australia’s only mixed-battery recycling facilities in Melbourne.
Griffin explains the implementation of safety, environmental and permitting improvements around its expanding operations.
He addresses the newspaper article published in The Age newspaper in Melbourne and believes the company offers a safe, effective, cost-efficient and sustainable solution to the recycling of end-of-life batteries.
Proactive Investors | By Emma Davies.
Lithium Australia NL’s (ASX:LIT) subsidiary Envirostream Australia is implementing safety, environmental and permitting improvements around its expanding operations following a newspaper article published in The Age newspaper in Melbourne.
Envirostream’s operates Australia’s only mixed-battery recycling facilities in Melbourne and is an expert in the complete process of battery recycling, from transport, handling and discharge to materials recovery.
Being a world leader in safety procedures, transport and environmental risk assessment allows the company to offer a safe, effective, cost-efficient and sustainable solution to the recycling of end-of-life batteries, thereby providing sound and environmentally aware solutions to battery disposal.
Envirostream was served breach notices on July 8, 2020, by the local council on two of its facilities in Melbourne for not having the appropriate council planning permits.
The company has been in ongoing discussions with the council on a weekly basis and intends to apply for the correct permits to operate in the coming days.
Envirostream continues to process all lithium-ion battery inventories, to reduce any potential fire and safety risks with a current expectation that 80 tonnes of material will be processed this quarter.
The required rectification is taking longer than normal due to the current COVID-19 restrictions in place in Melbourne and the current expectation to rectify is between 30 and 60 days.
The company has also held permit application meetings with the local council and has been granted an extension for the lodgement of its additional permit applications which will be lodged later this week.
Envirostream and the local council are in good faith discussions to reduce operating risks and for the continuing operations at both premises.
The company continues to work very closely with the regulatory bodies to ensure its management systems, safety and environmental procedures are better than industry accepted standards and to minimise the risks to the local communities.
These developments are not expected to have any material effect on either the September 20 quarter or the FY21 revenue for the Lithium Australia NL Group.
Envirostream has not been operating at above 500 tonnes per annum of specified waste at any of its Melbourne sites and is not required to hold an EPA licence to operate.
On September 11, 2020, the company applied for an EPA Victoria work permit for one of its Melbourne premises to operate at above 500 tonnes per annum of specified waste due to its expected growth in battery collection and recycling volumes.
The company is working very closely with the EPA to demonstrate industry best practice in its recycling process, and the granting of an expanded work permit in advance of that capacity being required.
Envirostream continues to operate at below the 500 tonnes per annum of specified waste processing rate and has taken steps to minimise the amount of stock levels at each of its premises.
Importantly, the EPA has not issued Envirostream with any breach notices following its visits to the company’s premises.
Envirostream, being the only mixed battery recycler in Australia, is focused on diverting the maximum amount of material from landfill and improving sustainability of the battery industry by creating the circular economy.
Worksafe Victoria has visited Envirostream’s current premises on several of occasions to inspect the company’s safety practices and has not issued the company with any breach notices regarding any of these premises.
More than 90% of the battery materials processed by Environstream are recycled, with materials recovered include steel, aluminium, copper-containing components (wire and transformers) and circuit boards, as well as battery electrode materials.
Mixed metal dust (MMD) is recovered which contains cobalt, nickel, manganese, lithium and graphite and is delivered to Envirostream’s MMD offtake partners for further refining for use in new batteries.
In addition, Envirostream’s low-temperature processing recovers volatile components, including plastics and electrolytes, resulting in higher mass yields and lower carbon emissions.
Proactive Investors | By John Miller.
Lithium Australia NL (ASX:LIT) has moved to 74% ownership of Melbourne-based leading Australian battery recycler Envirostream as part of a major ramp-up of its energy metals strategy.
The increase in ownership from 23.9% represents another key milestone in the company’s plans to create a circular battery economy in which recycling old lithium-ion batteries (LIBs) is intrinsic.
Envirostream is the only company in Australia with the integrated capacity to collect, sort, shred and separate all components of spent LIBs.
This makes it a perfect fit with Lithium Australia’s critical battery metal extraction expertise.
LIT managing director Adrian Griffin said, “Lithium Australia views the acquisition of a controlling interest in Envirostream as not only taking a key position in the recycling of battery metals, but also providing an environmental solution for all Australians that use batteries.
“Following the successful construction and commissioning of Australia’s biggest lithium-ion battery recycling plant, Envirostream can focus on the roll-out of its Australia-wide collection network.”
As part consideration for the acquired interest, Lithium Australia has made a payment to Envirostream of $100,000.
Some of these funds are to be used by Envirostream for commissioning the expanded Melbourne battery recycling facilities.
During FY19, Envirostream generated $1.3 million in revenue from recycling 149 tonnes of spent batteries.
The expanded plant, which has the capacity to annually recycle up to 3,000 tonnes of batteries, has been successfully commissioned with first mixed metal dust (MMD) produced.
It is currently being ramped up and optimised.
Envirostream’s next shipment of MMD containing the energy metals cobalt, nickel and lithium is expected later this month.
“Together, Lithium Australia and Envirostream are developing environmentally responsible solutions to the mounting problems of spent batteries,” Griffin said.
“Keeping spent batteries from landfill and exporting the energy metals they contain is an Australian imperative.”
Envirostream recently announced that it had agreed to increase MMD shipments to SungEel, for refining into cobalt, nickel and lithium chemicals for the production of new LIBs.
Following the acquisition of LIT’s 73.7% interest in Envirostream, Andrew Mackenzie, the founder of Envirostream, will remain as managing director.
Adrian Griffin will be appointed non-executive chairman and Andrew Skalski as a non-executive director of Envirostream.
LIT’s MD said, “Closing the loop on the production of battery materials reduces the environmental footprint of the mining and processing aspects inherent in battery production, improves sustainability and prevents the components of spent batteries from leaking into groundwater and oceans as a consequence of their relegation to landfill or transport to other jurisdictions.
“Envirostream can provide an immediate and viable solution to the LIB disposal crisis in this country.”
While rationalising its portfolio of lithium projects, LIT continues with R&D on its proprietary extraction processes for the conversion of all lithium minerals to lithium chemicals.
From those chemicals, LIT plans to produce advanced components for the battery industry globally, and for stationary energy storage systems within Australia.
By uniting resources and innovation, the company seeks to vertically integrate lithium recycling, extraction and processing.
Proactive Investors | By Karen Tan.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive on the company’s 24% subsidiary Envirostream Australia Pty Ltd signing an MoU with South Korean company SungEel HiTech Co Ltd.
SungEel recovers critical energy metals from LIB scrap and has become one of the world’s largest battery recyclers.
This company has agreed that Envirostream will have exclusivity of mixed metal dust (MMD) supply from Australia.
Envirostream is the only company in Australia with the integrated capacity to collect, sort, shred and separate all the components of spent LIBs.