Hagurnas has signed an equipment supply and licensing agreement with Lead Works Ltd. to build GHG-neutral battery recycling facilities in Israel and Romania. ACE is deploying its proprietary zero-emission lead battery recycling technology to Israel’s largest secondary lead producer, gradually building 50,000 tons of lead battery recycling capacity per year.
Hakurnas is the leading secondary lead smelter in the Middle East, successfully operating in Israel for over 60 years. During this time, it has increasingly become one of the leading suppliers in Europe and North America with its LME-approved brand, and through this partnership, plans to positively influence the regions’ goals to reduce emissions.
Miron Badin, CEO and owner of Hakurnas, said: “We immediately realized the value of the technology that ACE provided us, and we are excited to lead the industry in a new and sustainable direction. As Hakurnas always wants to be at the forefront of the development of our industry, it is important that we join ACE in being an early adopter of such a radical technology. .”
Lead batteries are an important component in the automotive and telecommunication industries, while playing an important role in the energy transition for renewable energy storage. Traditionally, lead-acid batteries are recycled through a melting process involving operating temperatures above 1,000°C, which generates significant GHG emissions and produces toxic solid waste.
Unlike smelting, ACE’s recycling technology operates at ambient temperature instead of a melting furnace, runs on electricity, has zero Scope 1 GHG emissions and reduces solid waste by more than 80%. This process will greatly improve Hagurnas’ profitability and reduce risks to the operator and the environment.
“Hagurnas has always been an innovative company and we believe that with this partnership we are setting new benchmarks for leading battery recycling in Europe and the Middle East, thus leading other battery recyclers in the region. This cooperation agreement with Hagurnas will enable both companies to ensure that global electrification is not only profitable but also sustainable.” A natural fit with the current commitment,” said Nishsai Sada, CEO of ACE Green.
As part of the agreement, ACE Hagurnas will sell its own equipment and chemicals, and provide technical and engineering support for installation, commissioning and process optimization. Initial operations with ACE equipment are scheduled to begin in the fourth quarter of 2023 at the Hakurnas plant in Ashdod, with a gradual expansion following approvals.
Once fully operational, the facilities are expected to recycle 50,000 tonnes of waste batteries per year, avoiding 30,000 tonnes of CO2 emissions, 2,400 tonnes of solid waste from landfills, recycling and sustaining over 3,500 tonnes of plastics. , good paying green jobs for society.
The agreement allows further collaboration between the companies to use ACE’s proprietary lithium-ion battery recycling processes to establish new developments in Israel and Romania using ACE’s hydrometallurgical technology.
Farid Ahmed, Vice President Global Strategy and Business Development at ACE, an international leading industry veteran, commented, “Hagurnas is a natural partner for ACE. We are delighted to be working so closely with a company that aligns with our belief that the leading sector must continue to innovate to ensure its operational mandate. Hagurnas is a leading producer who already does massive amounts 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 lithium-ion and lead acid battery recycling, and aims to raise $100 million in its next funding round to support its ambitious expansion plans. The company has a team of over 70 people and has one office in the US and two in Singapore.
Forward-looking statements
This document contains some forward-looking statements about ACE’s technical capabilities and its future business aspirations. All statements are based on ACE’s current expectations and involve numerous business and technical risks and uncertainties, including, without limitation, regulatory approvals, which could cause actual results to differ materially from the anticipated results described, implied or projected in any forward-looking statement. , unanticipated changes in technologies, uncertainties inherent in technology development, scale and deployment, intellectual property protection and third-party funding sources and availability.
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