JCI Becomes First Licensee for AquaRefining Recycling Technology : Johnson Controls Agrees Deal for Aqua Metals’ Clean Lead Acid Battery Recycling Tech
Aqua Metals, a California based firm which has developed a clean process for recycling lead acid batteries, has finalised an investment agreement with Johnson Controls (JCI) covering North America, China and Europe.
Aqua Metals explained that under the multi-faceted deal JCI, a major manufacturer of lead acid batteries. will become the first licensee of its AquaRefining™ electrochemical battery recycling technology.
Aqua Metals, which recently opened its first plant in McCarran, Nevada, uses an advanced electrochemical process for recycling up to 120 tonnes of batteries per day.
As it scales up capacity the company said that it plans to hire hundreds of employees for existing and future operations across the United States.
"Our partnership with Johnson Controls is a tremendous step forward and is an opportunity for us to work with the global leader in automotive battery manufacturing and responsible recycling," said Dr. Stephen Clarke, chairman and CEO of Aqua Metals. "We will build on this exciting relationship in order to enable clean and efficient battery recycling around the world."
Under the agreement Johnson Controls will:
Become the first licensee for AquaRefining™ technology
Supply Aqua Metals with batteries to recycle as a service, as part of the Johnson Controls closed-loop network
Purchase AquaRefined™ metals produced from Aqua Metals' facilities
Acquire just under 5% of Aqua Metals outstanding shares.
"Agreements like this are a part of our continuing strategy to invest in clean technologies, building on our commitment to create a more sustainable and environmentally responsible industry," commented Joe Walicki, president of Johnson Controls Power Solutions.
For more on Aqua Metals, its technology and its plans for the future don’t miss the imminent Jan/Feb issue of Waste Management World. Subscribe HERE
Read More
VIDEO: First Lead Ingot Produced Using World’s Only ‘Clean’ Lead Acid Battery Recycling Process
California based lead recycling technology developer, Aqua Metals, has produced its recycled lead using its AquaRefined process at its AquaRefinery in McCarran, Nevada.
VIDEO: $176.6m Funds Approved for Exide Lead Acid Battery Recycling Site in Vernon
California’s State Senate has voted 39-0 to approve SB 93 by Senate President pro Tempore Kevin de León to expedite the delivery of $176.6 million in cleanup funds to communities contaminated by the Exide battery recycling plant in Vernon.
Trash Talk - Lead Acid Battery Recycling in the US
With a limited lifespan, lead acid batteries such as though found in cars, form a significant and valuable waste stream. However, with lower environmental standards governing their recycling in Mexico, huge quantities are being exported there from the U.S. WMW asked representatives from industry and government for their views.