HoonSmart.com>>Indorama Ventures enters into a non-binding agreement with Capchem Technology USA Inc. to explore opportunities to build and operate a standardized lithium-ion battery solvent plant. world class US coast area The plant will be able to cater to the lithium-ion battery industry, which is being supported by the booming development of electric vehicles.
Plants under this agreement will produce ethylene carbonate and related derivatives. which is an essential component of the electrolyte solution (electrolytes solutions) used in lithium-ion batteries IVL’s Integrated Oxides and Derivatives (IOD) business group and Capchem USA, a subsidiary of Shenzhen Capchem Technology Co., Ltd., will jointly study guidelines to develop and operate the facility. Capchem is a leading company. World class in lithium-ion battery chemicals business If this new plant can be operated successfully It will greatly benefit the North American lithium-ion battery market. which now still depends on imports from Asia Among the opportunities for exponential growth of the EV industry
The entry into the lithium-ion battery market as a new competitive manufacturer reinforces the development of the IOD business group into a specialty downstream manufacturer. This increases IVL’s opportunity for exciting new application markets. Through its Vision 2030 commitment, IVL is building an integrated petrochemical business model. word Through investments in related businesses offering high value added products that contribute to creating a more sustainable world.
This study will assess the possibility of building a plant using Capchem’s already invented technology. to produce electrolyte solutions dimethyl carbonate Ethyl Methyl Carbonate dimethyl carbonate It also includes the option to build a second production unit to meet the expected growing market demand.
The main raw material for the new plant being studied is ethylene oxide. and pure carbon dioxide It can be procured from IVL’s integrated supply network. This is part of the company’s strategy to increase its footprint in the downstream market, technology and diversification of downstream products. In addition, the absorption of carbon used in the manufacturing process will have a positive impact on sustainability.
Alastair Port, Group Executive Chairman, Integrated Oxides and Derivatives (IOD), IVL said, “IVL is constantly looking for ways to enhance our sustainability programs. According to the corporate vision that aims to create a more sustainable world This joint study with Capchem USA will not only help us achieve that intention. But it also supports the use of zero-emission electric vehicles. If considering operational excellence highly talented personnel world-class infrastructure and access to our proven raw materials. We believe that IVL is in a position to successfully implement such technology. This will help North American EV producers reduce their dependence on imported raw materials.”