Lithium Australia Limited’s (ASX: LIT) wholly owned subsidiary Envirostream Pty Ltd has executed a battery recycling services agreement with Battery World Australia Pty Ltd.
Under the Agreement Envirostream will provide battery recycling services for participating Battery World Franchise sites across Australia. This allows Envirostream to collect spent batteries (including lithium batteries, excluding lead acid batteries) from Battery World’s network of more than 110 stores nationally.
Execution of the Agreement follows a trial of spent-battery collection services by Envirostream in several Battery World stores within South-East Queensland.
Access to this network diversifies Envirostream’s collection points and has the potential to increase volumes at its facilities in Victoria.
The new site at Laverton was commissioned specifically to increase Envirostream’s capacity in preparation for the expected increase in volumes of end-of-life batteries. Envirostream now has access to over 800 collection points nationally.
Battery World and Envirostream have worked together to ensure drop-off points for spent batteries, within the Battery World Franchise network, are not only convenient and safe for customers but also facilitate efficient collection by Envirostream and meet the eligibility requirements for the nation’s official product stewardship scheme, operated by B-cycle.
Under the Scheme, Envirostream is an accredited collector, sorter, and processor and receives rebates on a per-kilogram basis.
“This agreement is further validation of Envirostream’s credentials as the leader in the Australian battery recycling industry,” Lithium Australia Chief Financial Officer, Stuart Tarrant, said.
“The convenient drop-off points at Battery World stores seek to motivate Battery World customers to sustainably dispose of their spent batteries, lowering volumes sent into landfill.
“This agreement compliments those partners already signed, with other household names including Bunnings Warehouse and Officeworks. We would like to thank Battery World for their support and look forward to our collaboration.”