Glencore to source materials from ACE Green Recycling
ACE Green Recycling and Glencore have entered into a long-term supply agreement for recycled lead and other battery metal-based end products from recycled lithium-ion batteries.
The 15-year agreement will allow Glencore to buy up to 100 per cent 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, according to the company. The US recycling technology company plans to recycle not only EV batteries, but also, for example, the still common lead-acid batteries from electric forklifts.
Once operational, ACE estimates that these recycling parks will produce a total of 1.6 million tonnes of recycled metals, which include lead, lithium, nickel and cobalt. ACE claims recovery rates of over 99 per cent for lead-acid batteries and 98 per cent for lithium-ion batteries.
“Our partnership with ACE furthers our objective of creating a leading, global circularity platform for battery metals,” says Kunal Sinha, recycling manager at Glencore. “These recycling parks will not only provide a unique domestic, but also regional solution for furthering circularity in batteries—both high and low voltage. The partnership will also support our ambition to become a net zero total emissions (scope 1,2,3) company by 2050.”
ACE’s first plant in Ghaziabad, India, is scheduled to come on stream before the end of December. It will process various lithium battery chemistries, such as lithium nickel manganese cobalt oxide (NCM), lithium cobalt oxide (LCO) and lithium ferrous phosphate (LFP). A second Indian plant in Mundra and the flagship plant in Texas are scheduled to come on stream in Q4 2023.
“We are delighted to partner with Glencore and together contribute towards making global electrification sustainable,” says Nishchay Chadha, co-founder and CEO of ACE. “To safeguard a greener future, we need to create sustainable and localized circular supply chain solutions to ensure these critical battery materials are available indefinitely.”
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