Ace Green Recycling, Inc. has entered into two key agreements with Mel Metal LLC, a leading Armenian non-ferrous scrap recycling company, to license its proprietary GREENLEAD® Recovery Technology and to sell and license its lithium battery recycling equipment and services. These deals will extend Ace’s sustainable battery recycling solutions to operations in Armenia and Georgia, further cementing its position as a leader in eco-friendly recycling technology.
Armenia is a strategic location for Ace as it sits at the heart of the Southern Caucasus and Ace believes it can provide a springboard for the Company to deploy its sustainable battery recycling solutions into neighboring Georgia. In addition, Armenia serves as a gateway to critical European markets. Through this collaboration, Ace plans to establish the foundation of environmentally friendly lead and lithium battery recycling, with strong commercial partnerships, to support the growth of the region’s lead and lithium battery value chain.
As part of the lead battery recycling aspect of the deal, Ace will license its technology for the sustainable, hydrometallurgical recycling of lead batteries over a 15-year period. Mel Metal will purchase lead battery recycling machinery from Ace that will allow it to process up to 6,000 metric tons of lead batteries per year with the option to acquire more recycling capacity. In addition, Ace will generate revenue by selling and supplying proprietary chemicals and enabling the use of Ace’s GREENLEAD® trademark. Mel Metal’s lead recycling operations using Ace’s technology are expected to start in the third quarter of 2025.
In addition to the lead agreement, Ace will sell and license its lithium battery breaking and shredding equipment and battery discharging system to support Mel Metal’s lithium battery recycling operations. Mel Metal’s lithium battery recycling operations using Ace’s equipment and system are also expected to start in the third quarter of 2025.
“Ace is an innovative and global technology leader in the battery recycling space, and we look forward to partnering with them to support a more circular battery material ecosystem in the Southern Caucasus,” stated Mr. Armen Hayrapetyan, Chairman of the Edmet group of companies, which is the parent company of Mel Metal. “Unlike traditional smelting processes, Ace’s hydrometallurgical battery recycling processes emit zero Scope I carbon emissions. By leveraging Ace’s technology, equipment, and know-how, Mel Metal is actively supporting a green transition by reducing CO2 emissions and developing a clean source of valuable materials for reuse in new batteries. Furthermore, Ace’s process also allows for the recovery of plastics and reduces the generation of slag materials into landfills.”
“We are proud to partner with Mel Metal, a first mover in green recycling in Armenia, as together we are playing a crucial role in developing a sustainable, domestic battery recycling ecosystem in Armenia and the broader Southern Caucasus region,” stated Nishchay Chadha, CEO and Co-Founder of Ace. “Without Ace’s technology and equipment in Armenia, scrap battery material would likely be exported or undergo a pollutive pyrometallurgical material recovery process. Securing both these lead and lithium agreements supports Ace’s broader strategy to generate revenues in a capital efficient manner while we deploy our modular and sustainable recycling solutions globally.”
