LG Chem, a South Korean lithium battery manufacturer, has partnered with Envirostream to develop safe and innovative recycling solutions and reduce battery waste.
LG Chem Australia General Manger Jamie Allen said Envirostream would be LG Chem’s exclusive battery recycling partner in Australia.
“According to research conducted by the Commonwealth Scientific and Industrial Research Organisation, only 2 per cent of Australia’s annual 3300 tons of lithium-ion battery waste is recycled, with waste predicted to grow by at least 300 per cent each year by 2036,” Mr Allen said.
“This valuable partnership aims to develop safe and innovative management solutions to increase Australia’s low recovery rates concerning batteries, which is an increasing threat to the Australian environment.”
Mr Allen said LG Chem and Envirostream’s partnership is expected to elevate battery recycling systems in the country.
“LG Chem batteries were originally sent overseas for recycling or left in landfills,” Mr Allen said.
“However, with Envirostream’s ISO 14001 accredited modular, 95 per cent of the resources from end-of-life batteries can be safely recovered before being sent to metal and battery manufacturers to be converted into raw materials for new battery production.”
Mr Allen said the initiative is the first step towards achieving LG Chem’s environmental mission and bringing a truly circular economy to its Australian operations.