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

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 893.00
Vedanta 237.50
Hindustan Zinc 505.50
Jain Resource Recycl 270.00
CMR Green Tech 198.25
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