Start-ups aim to change car battery recycling, clean up world’s most polluting industry

ACE Green has signed an agreement with Altus Asia Group in Singapore to licence its technology to recycle 5,000 tonnes per year of used lead-acid batteries in the first half of 2022, with the potential to double that capacity in 2023, its Managing Director David Leong said.

The investment for this plant will be $5 million which Leong expects to raise via private equity and private partners.

"(The technology) basically solves all the problems of running a traditional lead recycling smelter," said Leong, adding that the company plans to also set up plants in Malaysia, Vietnam and South Korea using this technology.

20 October 2021 Start-ups aim to change car battery recycling, clean up world’s most polluting industry