Ace Green Recycling has finalised a site agreement to build India’s largest battery recycling facility. It will be in Mundra, Gujarat.
Ace has been recycling lithium-ion batteries since 2023, including lithium iron phosphate (LFP) chemistries. The expansion includes plans to establish 10,000 tonnes of LFP battery recycling capacity per year in India by 2026.
The company said the strategic deployment of its LithiumFirst LFP battery recycling technology in India will be phased in. It said the recycling technology processes LFP batteries at room temperature in a fully electrified hydrometallurgical process. It produces no Scope 1 carbon emissions, and no liquid or solid waste, it said.
Ace claims its technology provides commercial lithium recovery rates from LFP batteries at around 75%. This produces lithium carbonate with more than 99% purity.
Mundra is close to major ports handling over 10% of India’s maritime cargo, which eases transportation of recycling feedstock and off-take products.
Ace Green will also recycle lead batteries at its Mundra plant. It recycles lead with an electric process, also with no Scope 1 emissions, it said.
Nishchay Chadha, CEO of Ace, said: “LFP is expected to dominate the lithium battery market by 2030 and Ace is strategically scaling our LFP battery recycling capacity to meet demand and support our growing customer base.
“We believe that Ace is unique in its ability to sustainably recycle LFP batteries, and we plan to continue our focus on this market to build on our first-mover advantage. Our team recently visited battery recycling facilities in China, and we believe our LFP battery recycling technology to be more advanced despite a more mature and larger scale lithium-ion recycling ecosystem there.”
Vipin Tyagi, chief technology officer, said Ace’s technology enables profitable recycling of LFP batteries, even with the current low lithium price, by recovering significant amounts of critical minerals.
