{"id":176204,"date":"2024-12-05T00:00:55","date_gmt":"2024-12-05T05:00:55","guid":{"rendered":"https:\/\/wasteadvantagemag.com\/?p=176204"},"modified":"2024-12-05T00:23:24","modified_gmt":"2024-12-05T05:23:24","slug":"ace-green-recycling-a-global-leader-in-battery-recycling-technology-to-become-a-public-company","status":"publish","type":"post","link":"https:\/\/wasteadvantagemag.com\/ace-green-recycling-a-global-leader-in-battery-recycling-technology-to-become-a-public-company\/","title":{"rendered":"Ace Green Recycling, a Global Leader in Battery Recycling Technology, to Become a Public Company"},"content":{"rendered":"
Ace Green Recycling, Inc., a leading provider of sustainable battery recycling technology solutions, and Athena Technology Acquisition Corp. II, a special purpose acquisition company, 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.<\/p>\n
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<\/span> (lithium-ion; since 2023) that it owns and has licensed its technology to ACME Metal in Taiwan<\/span> (lead; since 2024), with advanced plans to deploy its technology by building its own plant in the United States<\/span>. 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<\/span> and Taiwan.<\/p>\n The Company’s LithiumFirst\u2122 technology is capable of commercially recovering up to 75% of lithium with a purity exceeding 99% from lithium iron phosphate and Nickel Manganese Cobalt batteries. In addition to recovering Lithium, the Company’s LithiumFirstTM<\/sup> technology also recovers NMC salts, graphite, iron phosphate and other materials such as plastics, steel, aluminum and copper by utilizing a closed-loop hydrometallurgical process that avoids pyrometallurgical operations and produces no liquid waste or Scope 1 carbon emissions.<\/p>\n Ace’s GREENLEAD\u00ae Recovery Technology is a fully electric process that produces zero Scope 1 emissions and is capable of recovering up to 99% of battery-grade lead with more than 99.98% purity. Ace’s process is designed to replace legacy smelting operations, which are detrimental to the environment, as well as human health due to potential lead poisoning, and is expected to facilitate a more streamlined permitting process.<\/p>\n Ace’s expansion strategy centers on the development of battery recycling plants in the U.S., creating centralized hubs for the sustainable recovery of valuable materials from end-of-life batteries. These plants are expected:<\/p>\n “Ace is advancing electrification by building a global recycling technology to create sustainable supply chain solutions for critical metals that will enable next-generation technologies,” said Nishchay Chadha, CEO of Ace. “Compared to other recyclers, we employ a modular, fully electrified, low CapEx strategy, addressing two distinct and sizeable markets in lead and lithium-ion batteries. We believe that this approach will allow us to rapidly achieve commercial scale while diversifying both our feedstock and end-markets. Our planned focus on the U.S. market makes listing on a U.S. exchange a strategic move that better aligns our goals with our core stakeholders.”<\/p>\n Ace Green Recycling, Inc., a leading provider of sustainable battery recycling technology solutions, and Athena Technology Acquisition Corp. II, a special purpose acquisition company, announced that they have entered into […]<\/p>\n","protected":false},"author":1792,"featured_media":149352,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[122,13],"tags":[],"class_list":["post-176204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter-headline","category-recycling-news"],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\n\n
To read the full story, visit https:\/\/www.prnewswire.com\/news-releases\/ace-green-recycling-a-global-leader-in-battery-recycling-technology-to-become-a-public-company-302323175.html<\/a>.
\nAuthor: PR Newswire<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"