Hakurnas Lead Works Ltd agrees to deploy ACE Green Recyclings GHG emission-free lead recycling technology at their Israeli facilities
Facilities will be able to recycle 50000 tons of lead batteries per year while potentially preventing 30 million kilogrammes of GHG emissions every year
Joint Logo_Ace Green Recycling_Hakurnas Lead Works
ACE Green Recycling (ACE) has signed an equipment supply and licensing deal with Hakurnas Lead Works Ltd to set up greenhouse gas (GHG) emission-free battery recycling facilities in Israel and Romania. ACE will deploy its proprietary zero-emission lead battery recycling technology at Israels leading secondary lead producer to progressively create 50000 tons of lead battery recycling capacity per year which translates to around USD 60 million lead metal sales annually.
Hakurnas is the Middle Easts leading secondary lead smelter with over 60 years of successful operations in Israel. During this time it has increasingly become one of the key lead suppliers to Europe and North America with its LME-approved brand and through this partnership plans to make a positive impact on the regions goals towards reducing carbon emissions.
Miron Badin CEO and owner of Hakurnas said: We immediately recognized the value of the technology ACE was offering to us and are thrilled to be joining them to take the industry in a new more sustainable direction. It is important to us to link with ACE to become very early adopters of such radical technology as Hakurnas always aims to be at the vanguard of development in our industry.
Lead batteries are a key element in the automotive and telecoms industries while also playing a crucial role in the energy transition for renewable power storage. Traditionally lead batteries are recycled via a smelting process which involves operating temperatures of over 1000°C producing significant GHG emissions plus toxic solid waste that must go to landfill.
Unlike smelting ACEs recycling technology replaces the smelting furnace and operates at room temperature runs on electricity has zero Scope 1 GHG emissions and reduces solid waste by more than 80%. The process will greatly enhance Hakurnas profitability and minimize their operator and environmental risks.
Hakurnas has always been an innovative company and with this partnership we see them as setting new benchmarks for lead battery recycling in Europe and the Middle East thus leading the way for other battery recyclers in the region. This partnership agreement with Hakurnas is a natural fit for both companies continued commitment to ensuring global electrification is made not just profitable but also sustainable said ACE Green CEO Nishchay Chadha.
As part of the deal ACE will sell its proprietary equipment and chemicals to Hakurnas and provide technical and engineering support for installation commissioning and process optimization. Initial operations using ACEs equipment are expected to commence at the Hakurnas plant in Ashdod by Q4 2023 which is then planned to be scaled up in phases following the appropriate authorizations.
Once fully deployed these facilities are projected to recycle 50000 tons of scrap batteries every year thereby preventing the emission of 30000 tons of CO2 stopping 2400 tons of solid waste from going into landfill recycling more than 3500 tons of plastics and providing high-paying sustainable green jobs for the community.
The agreement also allows for further collaboration between the companies to utilize ACEs proprietary lithium-ion battery recycling processes to setup greenfield developments in Israel and Romania again using ACEs hydrometallurgical technology.
Farid Ahmed ACEs VP for Global Strategy & Business Development and a long-time stalwart of the international lead industry commented that Hakurnas is a natural partner for ACE. We are delighted to be working so closely with a company that also aligns with our belief that the lead industry must continually innovate to secure its mandate to operate. Hakurnas is one of those lead producers that already does a tremendous job of recycling to the highest standards but also recognizes that we cannot rest on our laurels. We want to give the industry the best tools to do an even better job.
ACE is a market leader in both lead and lithium-ion battery recycling and aims to raise USD 100 million in its upcoming funding round to support its ambitious expansion plans. The company has a team of over 70 people and is dual-headquartered in the US and Singapore.
