Battery Recycling: New Partnership

Singapore-based ACE Green Recycling (ACE), an integrated technology and supply chain platform for battery materials, recently signed a Memorandum of Understanding (MOU) with STC, a leading European engineering, procurement and construction management company specializing in building plants and equipment for battery recycling and lead production.

Through the strategic collaboration, STC will construct battery recycling facilities providing manufacturing of recycling equipment and overall engineering. According to the information, the agreement includes project management activities, integrating STC’s proprietary technologies with ACE’s zero Scope 1 emissions technologies for lead and lithium-ion batteries. “STC and ACE will also explore opportunities for licensing and co-marketing their battery recycling technologies,” the firms announced.

Both companies expect synergies from the collaboration. ACE has developed “a portfolio of proprietary, Scope 1 emissions-free technologies to recycle lead-acid and lithium-ion batteries to extract critical battery materials”. As emphasized, its proprietary hydrometallurgical technology is powered exclusively by electricity, emits zero greenhouse gases and has market-leading recovery yields.

Italy-based STC operates in battery recycling and lead production and has projects across the European Union, North America and Africa. The company is part of the Monbat Group and operates in other sectors such as hydrometallurgy chemistry, electrochemistry, environmental protection and water treatment.

(Published in GLOBAL RECYCLING Magazine 1/2023, Page 26)