26.8 C
Belgrade
Supported byspot_img
spot_img

Epsilon Group acquires cathode active material tech center in Germany

Member of Europium Groupspot_img
Supported byspot_img

Epsilon Group, India’s premier battery materials manufacturer, announced it has signed an agreement to acquire Johnson Matthey’s lithium-ion phosphate (LFP) cathode active material technology centre in Moosburg, Germany. Financial details of the acquisition remain undisclosed.

The state-of-the-art facility boasts best-in-class technical capabilities and a workforce with expertise in LFP chemistry, comprehensive product and process development capabilities, and a versatile customer qualification plant designed to verify new materials for large-scale production

The acquisition allows Epsilon to go to market with a proven high performance cathode active material produced at scale.

Supported by

Vikram Handa, managing director of Epsilon Group said:

At Epsilon, we envision a world galvanized by sustainable energy alternatives.

“Our advancement in anode research and manufacturing was a first step, and this acquisition underscores our commitment to serving our global clientele with sustainable and reliable material.”

Strategic Advantages

The Moosburg research and development (R&D) center’s strategic location offers Epsilon a unique advantage to tap into the European battery material’s talent pool and to cater to its global clientele. By leveraging the existing infrastructure and capabilities of the Moosburg facility, Epsilon aims to significantly reduce the technology development and scale-up timeframe.

This acquisition serves as a catalyst for Epsilon’s ambitious plans to eventually cater to 100 GwH of demands. In alignment with its vision, Epsilon has previously announced a $1.1 billion investment in the establishment of a 100,000-ton cathode battery materials manufacturing facility in Bellari, Karnataka, India, with subsequent expansions in Europe. Epsilon also has plans for a $650 million manufacturing facility in the U.S.

The global electric vehicle market, valued at $380 billion in 2022, is projected to soar to $1.5 trillion by 2030, according to Fortune Business Insights. Cathode materials are pivotal to this growth trajectory. Benchmark’s report further underscores the urgency, indicating a need for $40 billion in cathode materials production investments to bridge the gap between the current supply and anticipated demand by 2030.

 

Source: Batteries News

Supported byElevatePR Digital

Related News

Expanding Gulf nations’ role in Africa’s critical minerals: Economic opportunities and geopolitical challenges

On May 27, Abu Dhabi’s International Holding Company, a government-backed investment entity, revealed ongoing negotiations with the Zambian government to acquire Konkola copper mines....

JPMC partners with Waterise for innovative deep sea desalination project in Gulf of Aqaba, Jordan

Jordan Phosphates Mines Company (JPMC), a major global producer of phosphate and phosphate-based fertilizers, has entered into a strategic partnership with Waterise, a pioneering...

South Africa’s energy transition: Integrating mining with a sustainable future

Over the past decade, the global energy landscape has been shifting towards more sustainable sources, moving away from fossil fuels in line with United...

Euro Manganese advances with successful commissioning of high-purity manganese facility

Euro Manganese Inc. has successfully completed the commissioning of its high-purity manganese Demonstration Plant at the Chvaletice Manganese Project in the Czech Republic. This...
Supported by
Supported by
Supported by
error: Content is protected !!