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ACE Green Recycling |
ACE Green Recycling, a US-based battery recycling company, has announced plans to significantly expand its lithium-iron-phosphate (LFP) battery recycling capacity in India. The company aims to increase its recycling capacity to 10,000 tonnes per year by 2026.
Expansion Details and Location
The expanded facility will be located near the port of Mundra in northwest India, building upon ACE's existing operations in the country. The strategic location near the port is expected to optimize the transportation of both feedstock and offtake products, improving efficiency and reducing costs.
Technology and Recovery Rates
ACE Green Recycling claims its proprietary technology can recover lithium from LFP batteries at levels of around 75%, producing lithium carbonate with a purity exceeding 99%. In addition to lithium, the technology can also recover other valuable materials, including graphite, iron phosphate, steel, and copper. This comprehensive recovery process maximizes resource utilization and minimizes waste.
Market Outlook and Future Plans
ACE's chief executive officer, Nishchay Chadha, highlighted the expected dominance of LFP batteries in the lithium battery market by 2030, stating that the company is strategically scaling its LFP battery recycling capacity to meet the anticipated demand and support its growing customer base. This expansion in India is a key part of ACE's broader growth strategy.
ACE also has plans to launch another LFP battery recycling plant in Texas, USA, in the second half of 2026. This plant is projected to have a processing capacity of 5,000 tonnes per year of scrap batteries. In 2022, ACE signed a 15-year supply agreement with Switzerland-based Glencore for all recycled products from four of ACE's planned lead-acid battery and lithium-ion battery recycling facilities in the US, India, and Thailand, demonstrating strong market demand for recycled battery materials.
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