Ace Green Recycling Becoming a Public Company, Leading on Sustainable Battery Recycling

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When somebody asks me about my EV, they at all times deliver up battery points. It quickly turns into clear that they don’t perceive battery recycling. The conversations start this fashion and swiftly break down into battery waste: “Well, oil comes out of the ground and so do the minerals for batteries…” or “Where do batteries go after they don’t work anymore?” You shouldn’t have any bother answering these sorts of questions when you learn CleanTechnica.

One of many quite a few corporations that may let you know the reply is Ace Inexperienced Recycling. Now, the worldwide chief in battery recycling know-how will turn into a public firm. Ace’s modular battery recycling platform is meant to cut back battery waste whereas preserving important battery supplies of strategic relevance.

Ace’s superior battery recycling methodology recovers key battery supplies from each lead and lithium-ion batteries. The corporate’s revolutionary and versatile applied sciences are utterly electrified, leading to zero Scope 1 emissions, hazardous water, or strong waste. Ace’s methodology is anticipated to allow a extra environment friendly allowing course of and is meant to exchange legacy smelting strategies, that are dangerous to the surroundings and human well being due to the potential for lead poisoning.

Extra Jobs with a Sustainable Future

Driving home job creationthe transition will create high-quality manufacturing employment in the USA, boosting native economies and strengthening America’s workforce.

ace e1733410944846 — Picture from Ace Recycling

Ace has an exquisite response to the query about the place the batteries go. The corporate maintains it’s in a novel place to recycle lead and lithium-ion batteries economically.

03 Hydro Process Area 1 scaled e1733412537253 — Ace Inexperienced Recycling’s modular lithium-ion battery recycling plant (Picture credit score: PRNewsfoto/ACE Green Recycling)

Ace, which has industrial operations in Asia, is concentrated on worldwide enlargement and intends to construct a flagship battery recycling plant in Texas for lead and lithium-ion batteries.

A press launch immediately concerning the transition begins this fashion: “Ace Green Recycling, Inc. (“Ace” or the “Company”), a number one supplier of sustainable battery recycling know-how options, and Athena Know-how Acquisition Corp. II (“ATAC II”) (NYSE: ATEK), a particular objective acquisition firm, introduced that they’ve entered right into a definitive enterprise mixture settlement, pursuant to which an entirely owned subsidiary of ATAC II will merge with and into Ace, with Ace turning into an entirely owned subsidiary of ATAC II and Ace’s operation.”

Current and Planned — Current & Planned Facilities. “We currently operate lithium and lead plants in India and Taiwan. Our near-term expansion plans include lithium and lead plants in the US, Europe, Israel, and South Africa.”

The corporate’s LithiumFirst know-how can recuperate as much as 75% pure lithium from lithium-iron-phosphate (LFP) and nickel-manganese-cobalt (NMC) batteries. Along with recovering lithium, the corporate’s LithiumFirst know-how recovers NMC salts, graphite, iron phosphate, and different supplies equivalent to plastics, metal, aluminum, and copper by means of a closed-loop hydrometallurgical course of that eliminates pyrometallurgical operations and produces no liquid waste or Scope 1 carbon emissions.

Ace now owns and operates industrial lithium-ion amenities in India (since 2023) and has licensed its know-how to ACME Metallic in Taiwan (since 2024). Now it additionally has superior plans to deploy its know-how right here by creating its personal manufacturing facility in the USA. The corporate has proved its know-how’s industrial credentials by enabling the processing of greater than three million kilos of lead and lithium batteries.

With the intention to create centralized hubs for the sustainable restoration of invaluable supplies from end-of-life batteries, Ace’s enlargement technique focuses on constructing a number of battery recycling amenities in the USA. These vegetation are anticipated to drive home job creation, improve essential battery materials safety, and promote renewable power partnerships.

With key highlights equivalent to the next, the work of unpolluted know-how continues positively amidst political downturns (which are reflecting gross error when it comes to sustainability).

Key Funding Highlights

Industrial Stage/Income Producing: Ace operates industrial amenities in India (since 2023) and Taiwan (since 2024), with deliberate undertaking improvement within the U.S. (Texas), Europe, and Israel, together with complimentary provide chain operations. The Firm is at the moment producing roughly $23 million in annual income.
Massive Goal Markets: Ace’s market technique targets immense alternatives throughout two core sectors: the mature lead battery recycling market, valued at over $20 billion in 2024, and the quickly rising lithium-ion battery recycling market, projected to exceed $35 billion by 2040.
Anticipated Profitability in 2026: Distinctive modular, cost-effective deployment technique permits for prime margins and an environment friendly CapEx and OpEx mannequin.
Diversified Enterprise Mannequin: The Firm monetizes appreciable alternatives in battery recycling by means of owned and operated amenities, three way partnership and licensing agreements, and provide chain and providers contracts.
Differentiated and Superior Proprietary Green Technology: Already authorised by regulators in key international markets, Ace’s electrified course of eliminates the everyday poisonous waste and carbon emissions which have compelled the shutdown of peer amenities. Moreover, Ace is differentiated in its capacity to course of each lead and lithium batteries, together with LFP, as its opponents are usually unable to course of LFP batteries and are capable of course of both lead or lithium batteries, however not each.
Superior Provide-Chain Experience: Ace believes that it’s poised for international enlargement, supported by a strong community of provide chain companions throughout the U.S., Europe, Asia and Africa.
Anchored by Marquee Prospects: World offtake settlement with Glencore, one of many world’s largest international diversified pure useful resource corporations and a number one firm within the recycling {industry}, underpins the excessive demand for low-cost feedstock to allow the electrification of autos, photo voltaic power and the transition to inexperienced power options.
Supportive World Tailwinds: Nationwide safety, financial and sustainability initiatives have globalized the refining of feedstock and battery manufacturing away from conventional sources.
U.S. Focus: We imagine that Ace’s deliberate facility in Texas and anticipated U.S. footprint will assist the U.S. in safeguarding its essential battery metals provide chain.
Moreover, Ace is collaborating with the U.S. Division of Vitality’s Nationwide Renewable Vitality Laboratory for superior analysis on the recycling of LFP batteries and upcycling of spent graphite to battery grade.
Main IP Portfolio: Executing personalized IP methods within the lithium and lead recycling areas, Ace has developed an industry-leading IP portfolio consisting of utility patents, stealth patents and commerce secrets and techniques supported by greater than a decade of analysis and improvement (“R&D”). Ace additionally collaborates with R&D establishments such because the Indian Institute of Know-how and Singapore Polytechnic on battery recycling matters.
Administration Experience: Ace’s crew of {industry} leaders brings collectively various experience in battery recycling, inexperienced power, enterprise improvement and international technique.
Backed by Seasoned Business Traders: Ace’s present buyers have deep experience within the metals and recycling sectors, together with Claude Dauphin Household Workplace, former executives at Trafigura, Flow into Capital, and the Francis Household Fund ApS.