NoviqTech-Livium Partnership Launches Tokenisation of Battery Recycling Benefits
NoviqTech and Livium have teamed up to create a pioneering digital system that tokenises the environmental benefits of battery recycling, aiming to boost transparency and compliance in a rapidly evolving sector.
- Partnership to tokenise carbon reductions and mineral recovery from battery recycling
- Use of NoviqTech’s Carbon Central platform with Digital Twin technology
- Integration with Hedera’s distributed ledger for immutable environmental asset tracking
- Livium’s planned national expansion supported by government grant
- Subscription pricing model with future per-token fees yet to be finalised
A New Chapter in Battery Recycling Transparency
In a move that could reshape how environmental benefits are tracked and monetised in the battery recycling industry, NoviqTech Limited (ASX: NVQ) and Livium Ltd (ASX: LIT) have announced a strategic partnership. The collaboration focuses on leveraging NoviqTech’s Carbon Central platform to tokenise the carbon reductions and critical mineral recovery achieved through Livium’s advanced battery recycling operations.
This initiative arrives at a pivotal moment as global regulations tighten around battery traceability and carbon emissions reporting. By digitising these environmental attributes, the partnership aims to provide a transparent, verifiable framework that aligns with emerging battery passport standards and evolving ESG expectations.
Technology at the Core: Digital Twins and Distributed Ledgers
NoviqTech’s Carbon Central platform employs Digital Twin technology to create a real-time digital replica of Livium’s recycling facilities. This allows for precise tracking of emissions reductions, energy efficiency, and the mass balance of recovered minerals such as lithium, nickel, and cobalt. The data is then tokenised into digital certificates recorded on Hedera’s distributed ledger, ensuring the immutability and credibility of each environmental asset.
Such a data-driven approach not only enhances transparency but also supports Livium’s ambition to lead in sustainable lithium production through closed-loop systems. The use of blockchain technology here is particularly significant, as it provides an independently verifiable audit trail that can satisfy both regulators and market participants demanding higher standards of accountability.
Scaling Up with National Expansion and Government Support
Livium is preparing for substantial growth, planning to consolidate its operations onto a larger site and expand nationally. This expansion is bolstered by a recent grant from the Western Australian government, underscoring the strategic importance of sustainable battery recycling in Australia’s critical minerals sector.
The partnership’s subscription model starts with a basic tier priced at $1,000 per month, with additional per-token fees to be determined as commercial volumes become clearer. While revenue projections remain uncertain at this stage, the collaboration sets the stage for scalable monetisation of environmental benefits as battery volumes increase.
Implications for the Battery Supply Chain and ESG Reporting
By embedding digital innovation into battery recycling, NoviqTech and Livium are addressing a growing demand for sustainability and traceability in supply chains. This initiative could become a benchmark for how companies demonstrate compliance with global ESG frameworks and regulatory mandates, particularly in sectors where carbon footprint and resource circularity are under intense scrutiny.
As Freddy El Turk, CEO of NoviqTech, noted, the project promises to transform how environmental benefits are quantified and monetised, enhancing trust across the battery value chain. Meanwhile, Livium’s CEO Simon Linge highlighted the critical role of digital tools in meeting government priorities and advancing the transition to a circular, low-emissions battery economy.
Bottom Line?
This partnership could redefine how environmental value is tracked and traded in battery recycling, with broader implications for sustainable supply chains.
Questions in the middle?
- How will token volumes and pricing evolve as Livium scales its operations nationally?
- What regulatory developments might influence the adoption of tokenised environmental assets?
- Can this digital framework become a standard for other battery recyclers and critical mineral producers?