Battery material technology and supply chain company Ace Green Recycling, which is based in Singapore and has a regional headquarters in Houston, has signed a memorandum of understanding with STC, an Italy-based engineering, procurement management and construction company that specializes in the construction of plants and equipment for battery recycling and lead production.
The companies say that through their partnership, STC will build battery recycling facilities that will provide recycling equipment manufacturing and general engineering and project management activities, integrating STC’s technologies with scope 1 zero-emission Ace technologies for lead-acid and lithium-ion batteries. STC and Ace will also explore opportunities to jointly license and commercialize their battery recycling technologies.
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“We hope that the synergies between Ace and STC will help the battery recycling industry to further improve recycling efficiency and reduce environmental impact, while ensuring reliable quality and lower costs in line with circular economy principles,” says STC CEO Giorgio La Sala.
Ace says it has developed a portfolio of proprietary scope 1 emission-free technologies to recycle lead-acid and lithium-ion batteries and extract critical materials for batteries, adding that its patented hydrometallurgical technology runs exclusively on electricity, emits no greenhouse gases and has market-leading recovery yields.
“This collaboration leverages STC’s expertise in high-quality equipment manufacturing and large-scale project management along with Ace’s innovative battery recycling technology to form a partnership that will transform battery recycling globally by creating more deployment efficiencies,” Ace co-founder and CTO Vipin Tyagi says. “We are committed to sustainable global electrification and are excited to partner with STC to help us move toward that goal.”
STC operates in battery recycling and lead production and says it has projects throughout the European Union, North America and Africa. The company is part of the Monbat Group and operates in other sectors such as hydrometallurgical chemistry, electrochemistry, environmental protection and water treatment.
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