ACE Green Recycling to Build India’s Largest Battery Recycling Plant

Credit: ACE Green Recycling

ACE Green Recycling, a US-based company, has signed a lease agreement to build India’s largest battery recycling plant in Mundra, Gujarat. This expansion, which builds on ACE’s existing operations in India, aims to meet the rising demand for lithium iron phosphate (LFP) battery recycling. The new facility is set to have an annual processing capacity of 10,000 tonnes of LFP batteries by 2026.

ACE’s strategic choice of Mundra as the location for the plant benefits from its proximity to major ports, which handle over 10% of India’s maritime traffic. This location is expected to streamline the transport of raw materials and recycling products.

The plant will utilize ACE’s proprietary ‘LithiumFirst’ technology, which is designed to recycle LFP batteries at room temperature through a fully electrified hydrometallurgical process. This method ensures no Scope 1 carbon emissions and produces no liquid or solid waste. The process can recover approximately 75% of commercial lithium from LFP batteries, producing lithium carbonate with over 99% purity, which will be reintroduced into the battery materials supply chain.

Nishchay Chadha, CEO of ACE, emphasized that LFP batteries are expected to dominate the lithium battery market by 2030, making ACE’s advanced recycling technology critical to meeting future demand. He added that ACE’s LFP recycling technology is more advanced than existing solutions in China, despite the country’s more mature lithium-ion recycling ecosystem.

Once operational, the Mundra plant is expected to create up to 50 high-value jobs, increasing ACE’s total workforce in India to over 100. The company is also focusing on expanding its operations globally, with plans to open its first US battery recycling plant in 2024. ACE’s expansion includes additional plants in Europe and Israel.

ACE’s recent merger with Athena Technology Acquisition Corp. II, a special-purpose acquisition company (SPAC), comes at a time when the company is aiming to attract investor attention ahead of its IPO. Furthermore, ACE has secured a supply agreement with global raw materials group Glencore for recycled lead based on battery metals from recycled lithium-ion batteries.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important EV News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use