Summary
- Ace Green Recycling secures a site in Gujarat to build India’s largest battery recycling facility
- The facility will focus on recycling lithium-ion batteries, with plans to establish 10,000 metric tons per year of capacity by 2026
- Ace’s LithiumFirst technology enables room temperature recycling with no carbon emissions or waste
- CEO states that Ace is uniquely positioned to sustainably recycle LFP batteries, which are expected to dominate the market by 2030
- Chief Technology Officer highlights the profitability of recycling LFP batteries despite current low lithium prices
Article
Ace Green Recycling has announced plans to build India’s largest battery recycling facility in Mundra, Gujarat. The facility will focus on recycling lithium-ion batteries, specifically lithium iron phosphate (LFP) chemistries. Ace aims to establish a capacity of 10,000 metric tons per year by 2026. The company’s proprietary LithiumFirst technology enables it to recycle LFP batteries at room temperature in a process that produces no carbon emissions or waste. With a lithium recovery rate of around 75%, Ace is able to produce lithium carbonate at purities exceeding 99%, which can be reintroduced into the battery material supply chain.
According to Ace CEO Nishchay Chadha, LFP batteries are projected to dominate the lithium battery market by 2030. Ace is strategically scaling its LFP battery recycling capacity to meet this growing demand. The company believes that it has a unique advantage in sustainably recycling LFP batteries, and plans to continue focusing on this market to leverage its first-mover advantage. Despite visiting battery recycling facilities in China, Ace is confident that its LFP battery recycling technology is more advanced, even in comparison to the more mature and larger-scale lithium-ion recycling ecosystem in China.
Ace’s Chief Technology Officer Vipin Tyagi emphasized that the company’s innovative technology allows for profitable recycling of LFP batteries, even considering the current low lithium prices. By recovering significant amounts of critical minerals from batteries, Ace is able to make recycling economically viable. The company’s ability to extract lithium at high rates and purity levels positions it well to capitalize on the increasing demand for sustainable battery recycling solutions globally. Ace is also planning to deploy its recycling technology in Texas, expanding its operations beyond India.
The location of the new facility in Mundra, Gujarat, is strategically chosen due to its proximity to major ports handling a significant portion of India’s maritime cargo. This advantageous position will facilitate efficient transportation of batteries and recycled materials, helping to streamline the recycling process. The fully electrified hydrometallurgical process utilized by Ace Green Recycling allows for room temperature recycling of LFP batteries, minimizing environmental impact and maximizing efficiency. By producing lithium carbonate at purity levels exceeding 99%, Ace is contributing to the circular economy by reintegrating valuable materials back into the battery supply chain.
With a strong focus on sustainability and innovation, Ace Green Recycling is positioned as a leader in the field of battery recycling technology. The company’s commitment to environmentally friendly processes, high lithium recovery rates, and advanced recycling capabilities distinguishes it from competitors. As the demand for lithium batteries continues to grow, particularly LFP batteries, Ace’s strategic scaling plans and cutting-edge technology place it in a favorable position to meet market needs. By establishing India’s largest battery recycling facility and expanding operations globally, Ace is poised to make a significant impact on the transition towards a more sustainable and circular economy.
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