Veteran scrap metals trader Nischay Chadha has set up Ace Recycling, in Singapore to invest in recycling firms in emerging markets. The company is initially focusing on biomedical waste from the COVID-19 outbreak along with lead battery recycling.
Chadha has around a decade of work experience in the industry. He has been the trade manager for various companies such as Hindustan Zinc, Trafigura, Viant Commodities, and Kyen Resources.
According to the company’s website, Ace will trade and invest in lead-acid and lithium-ion batteries recycling firms. The company uses blockchain, which is quickly becoming the preferred platform for metal trade.
The core team of the company has at least 20 years of experience in the scrap metal recycling industry. The firm’s capital investment stood at $500,000 in January 2020.