Livium continues recent run of success with Sell & Parker battery recycling agreement
Renamed and rebranded Livium (ASX: LIT) and its wholly owned subsidiary Envirostream Australia have landed another significant battery recycling deal.
Formerly known as Lithium Australia, Livium has signed a new agreement on a subcontractor basis with national metal recycling business Sell & Parker.
The contract win follows the company signing agreements with Hilti in late March and DB Schenker, one of the world’s leading logistics service providers, in early April.
Revenue potential
Chief executive officer Simon Linge said the Sell & Parker agreement has the potential to be Livium’s largest ever recycling contract on a revenue basis.
The company is anticipating $3 million in revenue from the contract over the next 12 months—equivalent to 45% of total revenues in FY24.
Under the agreement, Livium will receive fees from Sell & Parker for providing recycling services for project-related materials.
Important volumes
“Project agreements such as this one are important to deliver volumes whilst e-mobility and energy storage volumes grow year on year,” Mr Linge said.
“Securing this contract demonstrates Sell & Parker’s confidence in our governance and safety standards.”
“Livium’s recycling business will continue to build the pipeline of quality customers and channels to grow its top and bottom line as we scale operations nationally.”
Safe disposal of materials
Sell & Parker has engaged Envirostream to safely dispose of materials containing embedded batteries through its facilities in Victoria.
The agreement has a three-year term, with activities already underway.
The company expects first volumes in May 2025, with constant delivery through FY26 and into FY27.
Government backing
Livium has also attracted government support, receiving approximately $850,000 in funding earlier this month from the Western Australian administration.
That funding will support the development of Envirostream’s battery sorting and dismantling recycling facility in WA with a focus on the collection, sorting, discharge and storage of batteries.
Envirostream will then transport the batteries to its Campbellfield facility for final processing into mixed metal dust and other metals.
The company expects the WA facility to play a pivotal role in transforming Envirostream’s collection capabilities and service footprint across the country.