PR95907

BELLEVUE, Wash., May 10, 2022 /PRNewswire=KYODO JBN/ --

Proprietary emissions-free battery recycling technology to be deployed to

recycle both lead-acid and lithium-ion batteries  

Recycling technology company, ACE Green Recycling (ACE)

(https://www.acegreenrecycling.com/) is announcing its plans to build and

operate North America's largest emissions-free and sustainable battery

recycling park in Texas, USA. The 400,000 square foot facility will be able to

recycle both lead-acid and lithium-ion batteries when fully operational. These

batteries are key elements in the automotive, power storage, telecommunications

industry and portable devices like mobile phones and laptops.

The facility is expected to start its phase 1 of operations in the third

quarter of 2023, starting with the recycling of lead-acid batteries using ACE's

proprietary emission-free battery recycling technology and followed with a

lithium-ion battery recycling facility in proximity. When operating at full

capacity, ACE expects the facility to process and recycle up to 100,000 metric

ton of used lead-acid batteries and 20,000 metric ton of used lithium-ion

batteries annually by 2025.

Traditionally, battery recycling is via the smelting process which involves

operating at extremely high temperatures – often more than 1,000 °C – with the

burning of expensive and polluting fossil fuels, producing significant

greenhouse gases (GHG), and exposing workers to hazardous working conditions.

Compared to smelting, ACE's proprietary technologies for both lead-acid and

lithium-ion battery recycling are fully electrified with zero carbon emissions

and provide higher battery material yields while providing a safer workplace

environment. ACE is also exploring opportunities for operating most of its key

plant activities with solar energy to reduce the facility's Scope 2 emissions.

ACE has identified Texas to locate its flagship battery recycling facility in

the United States. With a growing population and easy access to an abundance of

spent batteries from automobiles and other industrial sources, Texas is an

obvious choice for ACE's new plant.

Due to the lack of sufficient recycling capacity, the US is currently exporting

a large volume of its scrap batteries to Mexico and Asia while importing

battery materials back to make new batteries leading to a major value loss. By

establishing a large operation in Texas, ACE intends to reduce America's

dependence on imports of battery materials and batteries from foreign suppliers

that are often subject to adverse global supply chain issues.

"Texas sits at the heart of the world's global energy revolution with key

access to an abundant pool of top engineering and technical talent. ACE's new

facility aims to be part of that revolution and build a greener, more

sustainable future for America," said Nishchay

Chadha(https://www.linkedin.com/in/nishchay-chadha-9855475/), ACE's Co-Founder

and Chief Executive Officer.

ACE's Texas lead-acid recycling facility will be scaled up in phases. When

fully operational, it is projected to recycle more than 5 million lead-acid

batteries, prevent more than 50,000 metric ton of GHG emissions, reduce

landfill dumping of more than 10 million pounds of hazardous solid waste, and

recycle more than 15 million pounds of plastics annually. The facility will

also generate up to 100 direct and indirect well-paying American jobs for the

local economy. ACE will be announcing more details about its lithium-ion

battery recycling operations in upcoming months.

The green technology solutions start-up will utilize its own funds and

collaborate with several strategic and financial investors to set up the

envisioned Texas battery recycling park. "We are excited to establish our first

North American facility in the state of Texas that will not only generate

significant local economic activity but also contribute to a greener

environmental footprint," said Dr Vipin

Tyagi(https://www.linkedin.com/in/vtyagiverdeen), Co-founder and Chief

Technology Officer of ACE. "By contributing to America's battery recycling

capabilities, we also aim to strengthen the country's energy independence and

build a more resilient future for the nation."

ACE has already deployed its technology on a commercial scale and most recently

announced a deal with Pondy Oxides & Chemicals Ltd (BSE: 532626), a leading

recycler in India, and is set to announce new facilities in Asia, Europe, and

the Middle East by early 2023.

About ACE Green Recycling Inc

ACE Green Recycling is an American green recycling technology company with

global operations across Southeast Asia and India. The company has started

commercializing its proprietary recycling process for used lead-acid batteries

that releases no greenhouse gas emissions and is currently scaling up its

zero-emission technology to recycle lithium-ion batteries. ACE is also

simultaneously working on clean technology solutions for other metallic waste

streams. The team behind ACE has decades of recycling, technology and scrap

supply chain experience, making them poised to become a leader in global

recycling.

For media enquiries, please contact:

Ikram Zainy                                                              

Superminted Pte Ltd                                                

ikram@superminted.com

Tel: +(65) 96553441

For any enquiries, please contact:

ACE Green Recycling

communications@ace-green.com

Source: ACE Green Recycling