Solar Panel Recycling Could Be Australia’s Next Billion-Dollar Industry: Recycling Boss
The CEO of Envirostream Australia has outlined a 4-pronged legislative framework he says is critical to clearing the backlog of stockpiled end-of-life panels.
The chief executive of Envirostream Australia has called for four legislative changes to support the country’s solar panel recycling industry. The company, a major recycler of lithium-ion batteries for enterprise clients, is expanding into solar panel and wind turbine magnet recycling to recover rare earth elements. Envirostream has already diverted millions of kilograms of batteries from landfill and is expected to process the equivalent of 2,500 EV batteries this year.
- The Australian solar panel recycling industry requires four legislative changes for future viability.
- Envirostream Australia is the country’s leading recycler of lithium-ion batteries, serving clients like BYD and LG.
- The company is starting to recycle solar panels and wind turbine magnets to recover rare earth elements.
- Envirostream has diverted over 7 million kilograms of batteries from landfill.
- This year, the company anticipates processing the equivalent of 2,500 EV batteries.
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