ACE Green Recycling Inc. is a leading innovator in the field of sustainable battery recycling, helping to address critical supply chain challenges in the global electrification movement. Founded with a focus on creating sustainable solutions for critical metals, the company specializes in advancing technologies for recycling lithium-ion and lead-acid batteries. These batteries are widely used in industries such as automotive, energy storage, and electronics.
The company’s proprietary technologies are designed to operate without Scope 1 emissions, ensuring minimal environmental impact. Its modular recycling plants utilize a hydrometallurgical process that recovers valuable materials like lithium, graphite, NMC salts, and lead, all while adhering to strict regulatory standards in regions such as the EU and the USA. Headquartered in Houston, Texas, Ace Green Recycling operates facilities in India and Taiwan, with plans to expand into the US, Europe, Israel, and South Africa by 2025. Backed by significant investors and set to list on NASDAQ in January 2025, the company aims to establish localized circular solutions for battery recycling, ensuring critical materials remain within the regions that generate battery waste.
Battery Technology
ACE Green Recycling’s core innovations revolve around its proprietary recycling technologies, which are tailored to process both lithium-ion and lead-acid batteries. For lithium-ion batteries, the company’s LithiumFirst™ technology offers a sustainable hydrometallurgical process that operates at room temperature. This method is fully electrified, producing no Scope 1 emissions, liquid waste, or solid waste. It achieves a recovery rate of approximately 75% for lithium, yielding lithium carbonate with a purity of over 99%.
The Greenlead™ technology focuses on lead-acid battery recycling, offering an electric alternative to traditional smelting. This process eliminates Scope 1 emissions and toxic byproducts, producing battery-grade lead in an environmentally friendly manner. Both technologies are part of Ace Green Recycling’s broader commitment to creating a circular economy for battery materials.
The company also invests in research and development to recover metals from mining and smelting waste, further enhancing its sustainability efforts. By collaborating with stakeholders across the battery value chain—including OEMs, recyclers, and commodity trading firms—Ace Green Recycling provides flexible solutions tailored to meet the specific needs of its partners. Its modular designs allow for scalable and adaptable recycling operations, making it a trusted partner in the global push toward electrification.
Recent Projects
In 2024, Ace Green Recycling announced plans to establish India’s largest LFP battery recycling facility in Mundra, Gujarat. This plant, expected to be operational by 2026, will have a capacity of 10,000 metric tons of LFP battery recycling annually. The facility will utilize the company’s LithiumFirst technology, ensuring zero emissions and waste.
Additionally, Ace Green Recycling has expanded its global presence through partnerships, including a collaboration with Hakurnas Lead Works to set up recycling facilities in Israel and Romania. These projects underscore the company’s commitment to localized recycling solutions and its role in advancing sustainable electrification worldwide.
Investors
ACE Green Recycling has secured support from a range of investors, including Circulate Capital, Climate Angels, and the Claude Dauphin Family Office. Former executives of Trafigura and the Francis Family Fund ApS, both with deep expertise in the metals and recycling sectors, have also backed the company.
In preparation for its NASDAQ listing in January 2025, Ace Green Recycling entered into a business combination agreement with Athena Technology Acquisition Corp. II. This move is part of the company’s strategy to scale its operations and strengthen its position in the global battery recycling market.
Business Details
Location: Houston, Texas, USA
Website: https://acegreenrecycling.com
LinkedIn: https://www.linkedin.com/company/ace-recycling-pte-ltd/
