Pondy Oxides & Chemicals to set up world’s largest GHG emission free battery recycling facility

Pondy Oxides & Chemicals Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 532626 | NSE: POCL

04 Mar 2022 Evaluate

Pondy Oxides & Chemicals is partnering with Ace Green Recycling Inc., a Delaware Corporation in the United States and signed a $12 million equipment supply and licensing deal spanning 10 years to set up the world’s largest greenhouse gas (GHG) emission-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 USA. It has developed a commercialized recycling process for used lead-acid batteries that release no greenhouse gas emission.

Pondy Oxides & Chemicals (POCL) is a leading Secondary Lead Smelter in India.

Peers

Company Name	CMP
Hindalco Industries	985.00
Vedanta	260.50
Hindustan Zinc	591.00
Jain Resource Recycl	272.00
CMR Green Tech	230.90
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