Ace Green Recycling Signs Major Licensing Agreements in Armenia for Sustainable Battery Solutions

Ace Green Recycling Makes Strategic Moves in Armenia

Ace Green Recycling, Inc. has taken a big step towards expanding its footprint in the battery recycling industry by securing key licensing agreements in Armenia, a move that is poised to enhance both local and regional sustainability efforts. This initiative not only spotlights Ace Green as a technology leader in sustainable battery recycling but also establishes a gateway for further expansion in Europe.

The agreements involve a collaboration with Mel Metal LLC, a prominent non-ferrous scrap recycling company in Armenia. Ace will license its proprietary GREENLEAD® Recovery Technology and sell its lithium battery recycling equipment, which is expected to be operational by the third quarter of 2025. This partnership aims to foster a more efficient and environmentally friendly recycling ecosystem in Armenia while also supporting regional neighbors like Georgia.

The Importance of Armenia

Armenia's geographical position in the Southern Caucasus is strategically advantageous for battery recycling operations. By establishing a presence in this region, Ace Green Recycling expects to not only optimize its business model but also promote sustainable practices in lead and lithium battery recycling across the area. The licensing of advanced recycling technology signifies a commitment to reducing the carbon footprint associated with battery disposal and resource extraction.

Details of the Agreements

Under the licensing agreement, Ace will facilitate the sustainable recycling of lead batteries through hydrometallurgical processes. This method stands in stark contrast to traditional smelting techniques as it emits zero Scope I carbon emissions, thereby making it a greener alternative. Mel Metal will acquire machinery capable of processing up to 6,000 metric tons of lead batteries annually, with the potential to further scale up production capabilities.

In addition to lead batteries, Ace will supply Mel Metal with cutting-edge equipment for lithium battery breaking, shredding, and discharging. The timely initiation of these operations is highly anticipated, as they will pave the way for a robust domestic battery recycling framework.

Strengthening the Circular Economy

By leveraging Ace's environmentally-friendly technologies and expertise, Mel Metal aims to contribute to a circular economy in the Southern Caucasus. Mr. Armen Hayrapetyan, Chairman of Mel Metal's parent company, emphasizes the importance of these innovations for reducing CO2 emissions and recycling valuable materials for new batteries. This partnership signifies that the region is adopting advanced methods that prioritize sustainability and resource recovery.

Future Prospects

As Ace Green continues to execute its vision of sustainable end-of-life battery solutions, the licensing agreements with Mel Metal will play a crucial role in realizing this goal. The collaboration could serve as a blueprint for others in the region to emulate, potentially leading to significant advancements in environmental sustainability.

In conclusion, Ace Green Recycling's strategic move in Armenia is not just a pivotal moment in the company's growth trajectory but also a significant contribution towards establishing a cleaner, more efficient recycling ecosystem. With the potential for expansion into broader European markets, this partnership may herald a new chapter in battery recycling, emphasizing sustainability and innovation for future generations.

For more information on Ace Green Recycling and its initiatives, you can visit their official website at www.acegreenrecycling.com.