Ann: Envirostream Australia Update, page-4

In early September 2020, the ACCC authorised the Battery Stewardship Council (‘BSC’) to establish and operate a national stewardship scheme for managing EOL batteries. The intent is to commoditise EOL batteries: placing a levy on new batteries at the point of sale to supplement the cost of subsequent collection and recycling. Implementation of the stewardship scheme should significantly increase the volume of EOL batteries Envirostream recycles as well as significantly increasing its margins on its collection and recycling operations.

Envirostream is committed to establishing a LIB and mixed battery recycling industry in Australia which is critical to removing this hazardous and toxic waste from landfill, and returning the recovered components to the circular economy. Envirostream believes it has the safest and most environmentally sustainable solutions to the battery collection and recycling in Australia and is also a global leader on closing the loop on battery materials.

Envirostream is pleased to report that during the 2020 calendar year it has not had a single LTI since Lithium Australia acquired its controlling interest in November 2019. Envirostream has now gone 14 months since its last LTI.