Pondy Oxides invests in green battery recycling firm ACE Green

Pondy Oxides and Chemicals Limited (POCL) has announced an investment of $500,007.60 in ACE Green Recycling Inc. The share purchase agreement, finalized on September 30, 2025, sees POCL acquiring 2,680 equity shares, representing a 0.29% post-acquisition shareholding. This move aims to penetrate the lead and lithium battery recycling business.

ACE Green Recycling Inc., incorporated in the USA on March 3, 2021, specializes in recycling lead and lithium batteries using modular, Zero Scope 1 Carbon emissions-free plants. The company focuses on recovering and refining critical battery materials from end-of-life products.

The acquisition is expected to be completed within Q3 of FY 2026. ACE Green Recycling Inc. reported a turnover of $24,133 for FY 2024 and $24,834 for FY 2023, and maintains a global presence across the United States, Singapore, Taiwan, and India.