STC (Monbat Group) and ACE Green Recycling Announced a Partnership for Battery Recycling Equipment Supply
Corporate
STC, part of Monbat Group, recently signed a Memorandum of Understanding (MOU) with ACE Green Recycling, an integrated technology and supply chain platform for battery materials. Through the new strategic collaboration, STC will construct battery recycling facilities, integrating STC’s proprietary technologies with ACE’s zero Scope 1 emissions technologies for lead-acid and lithium-ion batteries. STC and ACE will also explore opportunities for licensing and co-marketing their battery recycling technologies.
The partnership is in line with Monbat Group’s overall strategy for a vertically integrated business model that covers the entire supply chain – from the extraction of the raw materials for recycling, through the logistic processes for supply to the recycling facilities, the recycling process itself (lead and lead alloys and polypropylene), to the production and sale of batteries on the market.
Giorgio La Sala, CEO of STC, mentioned:
We hope the synergies between ACE and STC will help the battery recycling industry further improve recycling efficiencies and reduce environmental impacts, while ensuring reliable quality and lower costs in accordance with circular economy principles.
ACE, which has dual headquarters in Singapore and the United States, has developed a portfolio of proprietary, Scope 1 emissions-free technologies to recycle lead-acid and lithium-ion batteries to extract critical battery materials. Its proprietary hydrometallurgical technology is powered exclusively by electricity, emits zero greenhouse gases and has market-leading recovery yields.
This collaboration leverages STC’s expertise in manufacturing high quality equipment 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 efficient project deployments,
said Vipin Tyagi, ACE’s Co-founder and Chief Technology Officer.
We are committed to sustainable global electrification and are excited to partner with STC to help us advance toward that goal.