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LG Energy Solution Signs Battery Materials Supply Deals with 3 Canadian Mineral Companies

LG Energy Solution Signs Battery Materials Supply Deals with 3 Canadian Mineral Companies

SEOUL, Sept. 23 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday it has signed supply agreements with three Canadian mineral companies to secure key raw materials used in lithium-ion batteries for electric vehicles. Under the arrangement with Electra Battery Materials Corp., the Toronto-based battery materials refiner will supply 7,000 tons of cobalt sulfate [...]

POSCO Chemical Joins Hands with British Startup for EV Battery Materials

POSCO Chemical Joins Hands with British Startup for EV Battery Materials

SEOUL, June 30 (Korea Bizwire) — POSCO Chemical Co., a major South Korean chemical company, said Thursday it has agreed to cooperate with a British battery startup on the development and supply of electric vehicle battery components in a bid to tap deeper into the European EV market. POSCO Chemical and Britishvolt Ltd., a West [...]

Lotte Chemical to Invest Additional 140 bln Won to Expand Battery Materials Plant

Lotte Chemical to Invest Additional 140 bln Won to Expand Battery Materials Plant

SEOUL, June 29 (Korea Bizwire) — Lotte Chemical Corp. said Wednesday it will spend an additional 140 billion won (US$108.4 million) to expand its electrolyte solvent factory in South Korea to produce four core electrolyte materials vital to the fabrication of lithium-ion batteries. Lotte Chemical said it will push to produce ethyl methyl carbonate (EMC) [...]

Lotte Chemical Eyes 50 tln Won in Sales by 2030 with Hydrogen, Battery Materials Drive

Lotte Chemical Eyes 50 tln Won in Sales by 2030 with Hydrogen, Battery Materials Drive

SEOUL, March 31 (Korea Bizwire) — Lotte Chemical Corp. said Thursday it aims to generate 50 trillion won (US$41.3 billion) in sales by 2030 from hydrogen energy, battery materials and plastic recycling as it seeks to make inroads into green businesses amid the industrywide transition to sustainable growth. The ambitious goal unveiled by the petrochemical [...]

SKC Speeds Up Production of Next-generation Anode Material for Rechargeable Batteries

SKC Speeds Up Production of Next-generation Anode Material for Rechargeable Batteries

SEOUL, Jan. 27 (Korea Bizwire) — SKC Co., a chemical unit of South Korean conglomerate SK Group, is accelerating its production of next-generation silicon anode material, which can contribute to greatly improving the performance of rechargeable batteries. After recently completing an investment in British battery materials maker Nexeon, SKC said Wednesday it will set up [...]

Johnson Matthey and Lithium Werks Sign Long-term LFP Battery Materials Supply Agreement

Johnson Matthey and Lithium Werks Sign Long-term LFP Battery Materials Supply Agreement

HENGELO, The Netherlands, Feb. 28 (Korea Bizwire) — Johnson Matthey (JM), a global leader in science that makes the world cleaner and healthier, has entered into a long-term battery materials supply agreement with energy storage and battery company Lithium Werks. Under the agreement, which will start 1 April 2019 and run for five years, JM [...]