Source: Pixabay
Envirostream Australia, which is 90 per cent owned by Lithium Australia (LIA), has announced it will start recycling electric vehicle (EV) batteries. A transition to electric mobility can help mitigate transport-related carbon emissions and therefore climate change, but there are concerns about what happens to the lithium-ion batteries that power them once they are spent. The global battery recycling market is expected to grow by 6% to $A31.5 billion by 2025 as end-of-life (EOL) EV battery packs are increasingly disassembled to retrieve precious metals such as cobalt, nickel and lithium, according to industry analysts . Envirostream Australia says that with a series of successful EV battery recycling trials now under its belt, it is in the position to become a first mover in the growing field, with recycling to begin in coming weeks.
According to LIA managing director Adrian Griffin, Envirostream’s recycling process reclaims 90% of electric vehicle batteries by weight. “Envirostream offers a complete recycling solution for spent lithium-ion batteries, and in so doing is helping to safeguard the Australian environment by diverting toxic materials from landfill,” Griffin said in a statement when LIA upped its interest in Envirostream Australia to 90 per cent. “With recycling yields exceeding 90% by weight, our business is a major contributor to the sustainability of the battery industry.” Reports put Envirostream’s recycling capacity at 3,000 tonnes per annum. In a statement made to the ASX , Envirostream Australia said that its two-year-long EV battery recycling trials, which were conducted on six different types of batteries, all went without incident. “Envirostream […]