Ace’s innovative modular battery recycling platform is designed to minimize battery waste and retain critical battery materials of strategic importance. Ace,…Ace’s innovative modular battery recycling platform is designed to minimize battery waste and retain critical battery materials of strategic importance.
Ace, with commercial operations in Asia, is focused on global expansion and plans to develop a flagship battery recycling plant in Texas for lead and lithium-ion batteries.
Ace believes that it is uniquely positioned to commercially recycle both lead and lithium-ion batteries using fully electrified processes that produce zero Scope 1 emissions, zero toxic water and zero solid waste.
Ace has established a robust network of supply chain partners, including a 15-year offtake agreement with Glencore, one of the world’s largest global diversified natural resource companies and a leading company in the recycling industry.
Ace is assigned an equity value of $250 million in the transaction, which is expected to close in the first half of 2025.
HOUSTON, Dec. 4, 2024 /PRNewswire/ — Ace Green Recycling, Inc. (“Ace” or the “Company”), a leading provider of sustainable battery recycling technology solutions, and Athena Technology Acquisition Corp. II (“ATAC II”) (NYSE: ATEK), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement, pursuant to which a wholly-owned subsidiary of ATAC II will merge with and into Ace, with Ace becoming a wholly-owned subsidiary of ATAC II and Ace’s operations becoming the operating business of the combined entity.Continue Reading
Ace Green Recycling’s modular, Lithium-ion battery recycling plant (PRNewsfoto/ACE Green Recycling)
Ace’s revolutionary battery recycling technology focuses on recovering critical battery materials from both lead and lithium-ion batteries. The Company’s innovative and modular technologies are fully electrified, producing zero Scope 1 emissions, zero toxic water and zero solid waste. These capabilities position Ace as a provider of hydrometallurgical recycling solutions without any smelting or thermal processes for both lead and lithium batteries. Ace currently operates commercial facilities in India (lithium-ion; since 2023) that it owns and has licensed its technology to ACME Metal in Taiwan (lead; since 2024), with advanced plans to deploy its technology by building its own plant in the United States. The Company has proven its technology’s commercial credentials by enabling processing of more than three million pounds of lead and lithium batteries in India and Taiwan. The Company’s LithiumFirst™ technology is capable of commercially recovering up to 75% of lithium with a purity exceeding 99% from lithium iron phosphate (“LFP”) and Nickel Manganese Cobalt (“NMC”) batteries. In addition to recovering Lithium, the Company’s LithiumFirstTM technology also recovers NMC salts, graphite, iron phosphate and other materials such as plastics, steel, aluminum and copper by utilizing a closed-loop hydrometallurgical proces
