Livium Ltd (ASX:LIT) Secures A$850k WA Government Grant for Battery Recycling Facility
Funding Agreement
Livium Ltd (ASX:LIT) has executed an approximately A$850k grant funding agreement with the Western Australian Government. The grant supports the development of Envirostream Australia Pty Ltd’s battery recycling facility in WA under the E-waste Infrastructure Grants Program.
Project Details
The WA Facility will focus on the collection, sorting, dismantling, and storage of batteries, which will then be transported to Envirostream’s Campbellfield facility for final processing into Mixed Metal Dust and other metals. This facility is a key component of Livium’s strategy to build nationwide e-waste management capabilities.
Strategic Alignment
The funding aligns with Livium’s objective to establish integrated end-of-life battery processing across Australia. It also supports the WA Government’s statewide ban on sending e-waste to landfill from 1 July 2024, contributing to sustainable recycling infrastructure in the state.
Executive Comments
Simon Linge, Managing Director and CEO, stated, “This funding agreement with the WA Government represents another significant step forward in our mission to establish a sustainable national battery recycling ecosystem. The Company’s long-term recycling strategy also involves the development of battery processing capabilities in WA and other states once minimum collection volumes are met. By fostering local recycling capabilities, we aim to strengthen Australia’s position in the global battery recycling industry and contribute to a circular economy.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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