Ace Green Recycling, Inc., a leading provider of sustainable battery recycling technology solutions, has finalized a lease agreement to build India’s largest battery recycling facility in Mundra, Gujarat. The new facility will expand upon Ace’s existing commercial operations in India, which have been recycling lithium-ion batteries, including lithium iron phosphate (LFP) chemistries, since 2023. As part of this expansion, the company plans to establish a recycling capacity of 10,000 metric tons of LFP batteries per year by 2026 to meet the growing demand for LFP battery recycling.
The strategic location in Mundra, near major ports that handle over 10% of India’s maritime cargo, will streamline the transportation of battery recycling feedstock and off-take products. The facility will utilize Ace’s innovative and modular LithiumFirst™ technology to recycle LFP batteries at room temperature through a fully electrified hydrometallurgical process. This method produces no Scope 1 carbon emissions and generates zero liquid and solid waste. The proprietary technology has achieved commercial lithium recoveries from LFP batteries at levels of around 75%, producing lithium carbonate with purities exceeding 99%, which can be fed back into the battery materials value chain.
In addition to recycling LFP batteries, Ace plans to use its GreenLead® recovery technology to recycle lead batteries at the Mundra facility. This technology offers an environmentally friendly alternative to traditional smelting operations, utilizing a fully electric process that produces zero Scope 1 carbon emissions.
“LFP is expected to dominate the lithium battery market by 2030, and Ace is strategically scaling our LFP battery recycling capacity to meet demand and support our growing customer base,” said Nishchay Chadha, CEO of Ace. “We believe that Ace is unique in its ability to sustainably recycle LFP batteries, and we plan to continue our focus on this market to build on our first-mover advantage. Our team recently visited battery recycling facilities in China, and we believe our LFP battery recycling technology to be more advanced despite a more mature and larger scale lithium-ion recycling ecosystem there.”
Vipin Tyagi, Chief Technology Officer of Ace, added, “Ace’s innovative technology enables profitable recycling of LFP batteries, even with the current low lithium price, by recovering significant amounts of these critical minerals. We believe that our successful operational demonstration positions us for future partnerships and collaborations that will unlock the full potential of our LithiumFirst™ technology in this market.” When fully operational, the Mundra facility is expected to create up to 50 high-value jobs in the local economy, bringing the company’s employment in India to over 100.
About Ace Green Recycling: Ace Green Recycling, incorporated in Delaware, is an innovative battery recycling technology platform offering sustainable end-of-life solutions. The company deploys modular, zero Scope 1 carbon emission recycling facilities for lithium (NMC and LFP) and lead batteries used in various industries, including electronics, automotive, and energy storage. Ace was founded by Nishchay Chadha, Chief Executive Officer, and Dr. Vipin Tyagi, Chief Technology Officer, who have extensive experience in recycling, mining, global supply chain industries, and battery materials recycling technologies.
Source: PR Newswire
