Inter-Continental Agreement between ACE Green Recycling and Glencore

As reported, the global deal would create a strategic partnership to support a circular and sustainable ecosystem for recycled battery materials.

American company ACE Green Recycling, a global recycling technology and supply chain platform, and Swiss-based Glencore plc intend to enter “a long-term supply agreement for recycled lead as well as key battery metal-based end products from recycled lithium-ion batteries”. This strategic partnership would help create a circular supply chain on a global scale for these high-demand materials while reducing their environmental footprint.

The 15-year agreement allows for Glencore – one of the world’s largest natural resources companies and a leading producer and recycler of metals for the production of batteries – to purchase up to 100 percent of ACE’s products from four of its planned lead-acid and lithium-ion battery recycling parks being built in the United States, India and Thailand. “The parks are expected to be complete by 2024,” ACE Green Recycling underlined in December last year. Once operational, the firm estimates that these recycling parks will cumulatively produce 1.6 million tons of recycled metals containing lead, lithium, nickel and cobalt.

(Published in GLOBAL RECYCLING Magazine 1/2023, Page 15)