ACE Green Recycling (ACE) has announced its plans to construct and operate four new lithium-ion battery recycling facilities with an expected total capacity of over 30,000 tonnes per year.
The four sites will tap into formerly underserved recycling markets and offer regional markets an emissions-free, carbon-neutral recycling solution to support the global adoption of lithium-ion batteries, stated the company.
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At present, lithium-ion batteries are used in many portable electronic devices and electric vehicles, and potentially serve as grid energy storage solutions.
ACE is planning to build facilities in Thailand, India, and the US, with expected capacities of 10,000 tonnes between India and Thailand and 20,000 tonnes in the US.
Operations in India are anticipated to start by the third quarter of this year with an initial processing annual capacity of 1,800 tonnes.
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Facilities at Thailand and the US will become operational next year, with full operational capacity expected to be reached across all facilities by 2025.
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By GlobalDataACE co-founder and chief executive officer Nishchay Chadha said: “With the set-up of these four new facilities we would strategically leverage our global supply chain experience to not only cater to the North American markets but also Asia where we have a very strong on the ground experience and existing relationships.”
ACE is in talks with potential partners for several battery waste supply and product off-take arrangements for a stable inflow of recyclable batteries and a ready customer for its market-grade battery materials.
The company anticipates creating up to 100 direct and indirect jobs to the local economy once the facilities become fully operational.
ACE co-founder and chief technology officer Dr Vipin Tyagi said: “By providing a zero emissions lithium-ion battery recycling solution, ACE solves all of these concerns and provides the necessary supply chain localization and reliability of the valuable battery materials. Global scale up of our technology will provide vital support for a sustainable electrification of mobility and manufacturing.”
ACE will use its capital and collaborate with various strategic and financial investors to set up the planned facilities.
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Image: Lithium-ion batteries are used in many portable electronic devices. Credit: Finnrich from Pixabay.
