Pondy Oxides & Chemicals Ltd partners with ACE Green Recycling to set up the world's largest GHG emission-free battery recycling facility
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Freitag, März 4, 2022
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SINGAPORE, March 4, 2022 /PRNewswire/ -- ACE Green Recycling (ACE) has signed a USD12 million equipment supply and licencing deal spanning 10 years with India's Pondy Oxides & Chemicals Ltd (BSE: 532626) to set up the world's largest greenhouse gas (GHG) emission-free battery recycling facility in Chittoor, Andhra Pradesh, India. The green technology start-up will licence its proprietary zero-emission lead battery recycling technology to India's leading lead battery recycling company to recycle 40,000 tons of batteries which translates to around USD60 million every year.
Key Points:
- SINGAPORE, March 4, 2022 /PRNewswire/ -- ACE Green Recycling (ACE) has signed a USD12 million equipment supply and licencing deal spanning 10 years with India's Pondy Oxides & Chemicals Ltd (BSE: 532626)to set up the world's largest greenhouse gas (GHG) emission-free battery recycling facility in Chittoor, Andhra Pradesh, India.
- Traditionally, lead-acid battery recycling is via the smelting process, which involves operating temperatures of more than 1,000oC producing significant GHG emissions.
- ACE Green Recycling is a global battery recycling technology company headquartered in both Singapore and the USA.
- The team behind ACE has decades of recycling and battery materials supply chain experience, making them poised to become a leader in global battery recycling.