Signing of a 10-year, $12 million equipment supply and licensing contract
Pondy Oxides & Chemicals is partnering with Ace Green Recycling Inc., a Delaware company in the United States, and has signed a 10-year, $12 million equipment supply and license agreement to set up the most largest greenhouse gas (GHG) emitter in the world. free battery recycling facility in Chittoor, Andhra Pradesh, India.
ACE Green Recycling is a global battery recycling technology company headquartered in both Singapore and the United States. It has developed a commercialized recycling process for used lead-acid batteries that releases zero greenhouse gas emissions.
POCL is the first company in the manufacturing sector to adopt this technology in the process of recycling used lead-acid batteries into lead ingots. The facility can potentially recycle over 28 million lead acid batteries over ten years and avoid 500 million kg of GHG emissions.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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First published: Fri 04 Mar 2022. 09:25 IST