Lithium Australia battery recycling achieves maiden profit

Lithium Australia’s lithium ion battery (LIB) recycling subsidiary Envirostream Australia has achieved a significant milestone, delivering its first positive operating profit during Q4 FY24. The achievement was driven by the company’s transition towards an upstream service model, which has increased revenues with a higher proportion of revenues now received upfront through recycling fees. Lithium Australia…

Samsara Eco raises $100m to recycle plastics

Plastic recycling startup Samsara Eco has raised $100 million in its latest funding round. Led by global investment company, Temasek and Australian deep tech investment fund, Main Sequence, funds also came from Wollemi Capital, lululemon, Hitachi Ventures, Titanium Ventures (formerly Telstra Ventures) and DCVC. The capital will help Samsara Eco scale its enzymatic recycling capabilities,…

Best of the week — the five most popular stories among readers, May 27 – May 31, 2024

What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Australia’s 50 Most Innovative Manufacturers report now available Following last month’s heavily-anticipated announcement of the Australia’s 50 Most Innovative Manufacturers list for 2024, @AuManufacturing is now making a report based on the five-month campaign freely available. Download the 36-page e-book for…

Queensland recycling grants aim to boost recycling

The Queensland government has announced a $45 million package aimed at facilitating large scale, high recovery waste recycling projects, part of the state’s $2.1 billion waste and resource recovery package. State Development Minister Grace Grace visited BMI Group’s Stapylton Resource Recovery Centre (pictured), which is diverting over 185,530 tonnes of waste from landfill every year…

Dulux Powder Coatings joins national recycling group

Architectural and industrial supplier Dulux Powder Coatings has joined the The Australian Micro Recyclers Association (AMRA), a group dedicated to growing decentralised recycling and manufacturing around Australia. In a statement on Wednesday, Dulux said that membership would assist it in meeting sustainability goals “by reducing carbon emissions and waste to landfill, with a priority on…