U.S.-based recycling technology company, ACE Green Recycling (ACE) plans to build and operate four new lithium-ion battery recycling facilities with a planned total annual capacity of over 30,000 tons.
ACE is currently planning for facilities in Thailand, India, and the U.S., with planned capacities of 10,000 tons between India and Thailand and 20,000 tons in the States. Operations in India are expected to commence by the third quarter of 2022 with initial processing capacity of 1,800 tons per year. The Thai and U.S. plants would come online in 2023, with full operational capacity planned to be achieved across all facilities by 2025.
The company will be using hydrometallurgical recycling that combines a emissions-free, low temperature process with recovery rates in excess of 98%.
ACE can also reclaim metals like copper and aluminum, while also being able to handle a wide variety of the world’s most utilized lithium-ion battery chemistries. In line with its environmental ethos, the process also produces zero toxic solid waste or effluent.
In addition to copper and aluminum, materials recovered also include a variety of sulphates and carbonates of cobalt, manganese, and nickel, all of which leave ACE’s facility “user-ready” for use in the next generation of lithium-ion batteries.
The company says it is in discussions with potential partners for various battery waste supply and product off-take arrangements to guarantee a steady inflow of recyclable batteries and a ready customer for its market-grade battery materials.
ACE will deploy its capital and collaborate with several strategic and financial investors to set up the facilities.