Ace Green Recycling, Inc., a prominent provider of sustainable battery recycling technologies, announced on April 30, 2025, that it has entered into a battery material supply agreement with OM Commodities, a global leader in the trading of ferrous and non-ferrous scrap, primary metals, and residues.
Under the agreement, OM Commodities will supply Ace with a minimum of 30,000 metric tons of lead scrap annually. This supply is intended for recycling at Ace’s forthcoming flagship facility in Texas, with production slated to begin in 2026. The supplied lead scrap will fully support Ace’s phase one recycling capacity at the Texas plant. The contract spans at least 15 years and includes an option for Ace to procure additional supplies from OM Commodities as the company expands its recycling operations. Additionally, Ace and OM Commodities are exploring opportunities for collaboration in lithium battery recycling in the future.
“Ace is a true pioneer when it comes to providing an environmentally friendly and economically superior solution to recycle valuable material from lead scrap,” Yiannis Dumas, President of OM Commodities, said. “We look forward to supporting Ace with lead feedstock as they scale up their operations in Texas and helping create a more circular and sustainable battery materials supply chain in the U.S.”
“We believe that Ace’s future Texas facility is poised to play a key role in addressing many of the current challenges in the lead industry in the U.S., while helping the country meet the growing domestic demand for valuable battery materials,” Nishchay Chadha, CEO and Co-Founder of Ace, said. “This agreement with OM Commodities will provide us with enough supply to support our Texas facility during all of its current planned phases, enabling us to achieve optimal efficiencies as we deploy our solutions in the U.S. market. With OM Commodities being a U.S.-based leader in metals doing business across the Americas and Asia with a specialty in lead batteries, we look forward to leveraging their expertise in the space as we advance our scale-up efforts.”
Ace Green Recycling’s GREENLEAD® technology utilizes a fully electric process that generates zero Scope 1 emissions and can recover up to 99% of battery-grade lead with purity exceeding 99.98%. This process aims to replace traditional smelting operations, which pose environmental and health risks due to potential lead poisoning, and assists in streamlining the permitting process.
In addition to the supply agreement, Ace Green Recycling is advancing its plans to become a publicly listed company in the United States. On April 29, 2025, Ace and Athena Technology Acquisition Corp. II filed a Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission. This filing is part of a business combination agreement initiated on December 4, 2024, and is expected to finalize in the second half of 2025, subject to standard closing conditions. Upon completion, Ace will be listed on the Nasdaq Stock Market under the ticker symbol “AGXI.”
Ace Green Recycling, incorporated in Delaware, offers sustainable end-of-life battery recycling solutions through modular, carbon emissions-free facilities. The company serves various industries, including electronics, automotive, and energy storage, under the leadership of CEO Nishchay Chadha and CTO Dr. Vipin Tyagi.
Source: PR Newswire
