{"id":11928,"date":"2024-11-04T04:52:03","date_gmt":"2024-11-04T04:52:03","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/04\/livium-awarded-a850k-grant-by-wa-government-to-develop-a-battery-recycling-facility\/"},"modified":"2024-11-04T04:52:03","modified_gmt":"2024-11-04T04:52:03","slug":"livium-awarded-a850k-grant-by-wa-government-to-develop-a-battery-recycling-facility","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/04\/livium-awarded-a850k-grant-by-wa-government-to-develop-a-battery-recycling-facility\/","title":{"rendered":"Livium Awarded ~A$850k Grant by WA Government to Develop a Battery Recycling Facility"},"content":{"rendered":"<\/p>\n

Livium Ltd<\/strong> (ASX: LIT) (\u2018Livium\u2019 or the \u2018Company\u2019) is pleased to announce that its wholly owned subsidiary Envirostream Australia Pty Ltd (\u2018Envirostream\u2019) \u2013 which is leading Australia\u2019s battery recycling industry \u2013 has been awarded a -AS850k grant from the Western Australia (\u2018WA\u2019) government. This funding will be used to support the development of Envirostream\u2019s battery recycling facility in WA, marking a significant milestone in Envirostream\u2019s efforts to build a nationwide solution for electronic waste (\u2018e-waste\u2019) management. <\/p>\n

HIGHLIGHTS<\/strong><\/p>\n

Livium has been awarded a -A$850k grant from the Western Australian government
\nThe grant will be used to partially fund the development of a battery recycling facility in WA
\nThis grant is being awarded under the WA government\u2019s electronic waste infrastructure grant funding program
\nThe development of a WA recycling facility is aligned with the Company\u2019s strategic objective of developing nationwide collection, sorting and storage capabilities<\/p>\n

The grant will be used to establish a cutting-edge battery sorting and dismantling recycling facility (\u2018WA Facility\u2019). The WA Facility, will focus on the collection, sorting, discharge and storage of batteries. Batteries will then be transported to Envirostream\u2019s Campbellfield facility for final processing to Mixed Metal Dust (\u2018MMD\u2019) and other metals. The WA Facility is expected to play a pivotal role in transforming Envirostream\u2019s collection capabilities and service footprint across the country.<\/p>\n

The award of the grant follows a rigorous evaluation process by the WA government, who noted the quality, innovation, and potential impact of the WA Facility. The WA government recognises the value it will bring to the community and acknowledged Envirostream\u2019s dedication and commitment to making a positive difference. The grant is subject to entering into a funding agreement with the WA government and customary due diligence checks, which is materially complete.<\/p>\n

This grant forms part of the WA government\u2019s broader commitment to e-waste recycling and is part of recently announced A$5.4m in additional grants allocated to support e-waste recycling initiatives across the state. To date, the WA government has allocated -A$10m in grants to boost the local e-waste recycling industry. This commitment underpins the importance of sustainable recycling infrastructure in WA and aligns with the Company\u2019s objectives to drive environmental progress across Australia.<\/p>\n

The development of this recycling facility is a core component of Livium\u2019s strategic recycling roadmap. This roadmap envisions a comprehensive national network for battery collection, sorting, and recycling that establishes integrated end-of-life battery processing domestically.<\/p>\n

Comment from Livium CEO and Managing Director, Simon Linge<\/strong><\/p>\n

\u2018This grant from the WA government represents a meaningful step forward in our mission to establish a sustainable national battery recycling ecosystem.<\/em><\/p>\n

WA\u2019s grants seek to increase e-waste reuse, storage, collection, processing and recycling capabilities, creating jobs and supporting WA\u2019s circular economy. We are grateful for the support and are committed to building a facility that will contribute to a greener future by efficiently managing e-waste and recovering valuable materials. The Company\u2019s long-term recycling strategy also involves the development of battery processing capabilities in WA and other states once minimum collection volumes are met.<\/em><\/p>\n

By fostering local recycling capabilities, we aim to strengthen Australia\u2019s position in the global battery recycling industry and contribute to a circular economy.\u2019 <\/em><\/em><\/p>\n<\/p>\n

Click here for the full ASX Release<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Livium Ltd (ASX: LIT) (\u2018Livium\u2019 or the \u2018Company\u2019) is pleased to announce that its wholly owned subsidiary Envirostream Australia Pty Ltd (\u2018Envirostream\u2019) \u2013 which is leading Australia\u2019s battery recycling industry \u2013 has been awarded a -AS850k grant from the Western Australia (\u2018WA\u2019) government. This funding will be used to support the development of Envirostream\u2019s battery […]<\/p>\n","protected":false},"author":0,"featured_media":11929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-11928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=11928"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/11929"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=11928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=11928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=11928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}