STC – a leading European engineering, procurement and construction management company specialized in building plants and equipment for battery recycling and lead production – has signed a Memorandum of Understanding (MOU) with ACE Green Recycling (ACE), an integrated technology and supply chain platform for battery materials.
Through the strategic collaboration, STC will construct battery recycling facilities providing manufacturing of recycling equipment and overall engineering and project management activities, integrating STC’s proprietary technologies with ACE’s zero Scope 1 emissions technologies for lead and lithium-ion batteries. STC and ACE will also explore opportunities for licensing and co-marketing their battery recycling technologies.
Giorgio La Sala, CEO of STC, says, “We hope the synergies between ACE and STC will help the battery recycling industry further improve recycling efficiencies and reduce environmental impacts, while ensuring reliable quality and lower costs in accordance with circular economy principles.”
ACE, which has dual headquarters in Singapore and the United States, has developed a portfolio of proprietary, Scope 1 emissions-free technologies to recycle lead-acid and lithium-ion batteries to extract critical battery materials. Its proprietary hydrometallurgical technology is powered exclusively by electricity, emits zero greenhouse gases and has market-leading recovery yields.
“This collaboration leverages STC’s expertise in manufacturing high quality equipment and large-scale project management along with ACE’s innovative battery recycling technology to form a partnership that will transform battery recycling globally by creating more efficient project deployments,” said Vipin Tyagi, ACE’s co-founder and chief technology officer. “We are committed to sustainable global electrification and are excited to partner with STC to help us advance toward that goal.”
Italy-based STC operates in battery recycling and lead production and has projects across the European Union, North America and Africa. The company is part of the Monbat Group and also operates in other sectors such as hydrometallurgy chemistry, electrochemistry, environmental protection and water treatment.
“STC has been increasingly optimizing its processes over the years, thus enabling us to become one of the world’s most innovative engineering companies operating in this sector,” adds Alberto Bergamaschini, commercial director of STC. “The technological partnership with ACE will add value to both companies and will allow us to offer our clients the ability to select the technical solution that better fits their needs by choosing the best combination of innovative and traditional technologies.”