The two companies said they signed to form a joint venture to develop and operate the recycling plant. GGE Texas will also fund plant construction with a $3 million investment. The JV will use ACE’s technology and process for sustainably recycling lithium-ion batteries, including end-of life batteries, rejected batteries and other defective batteries from the region.
The facility will recycle an estimated 1,800 tonnes of lithium batteries per year.
GGE Texas will invest a separate $3 million toward ACE’s global operations.