Hydromet Operations (Southern) Ltd, a wholly owned subsidiary of Hydromet Corporation Ltd, is one of 13 successful grant recipients to receive funding under the first round of the Illawarra Region Innovation and Investment Fund. The grants were announced by the Federal Minister for Industry and Innovation, Greg Combet, and the NSW Deputy Premier, Andrew Stoner, on 2 April.
The $1.32 million grant awarded to Hydromet will contribute towards the installation of a small scale lead smelting furnace at its Unanderra site. The smelter will produce lead bullion from lead oxide paste, which is generated from Hydromet’s existing used lead acid battery operation and from other waste streams such as CRT glass from electronic waste.
The company will finalise the economic and technical evaluation of the project including likely feed streams and products in the next few months. Subject to the outcomes of these, the contruction of the new plant could commence in early 2013. The total cost of the project is expected to be around $4.6 million.