Posco Future M in Honda deal
Following discussions since April 2023, South Korea’s Posco Future M and Honda have reached a basic agreement on collaboration for the production of cathode materials for electric vehicle (EV) batteries in Canada. They will now begin detailed discussions with the goal of signing a joint venture agreement before the end of 2024.
The two companies said that they “will share each other’s strengths”, such as high value-added material technologies and electrification technologies to produce high-quality cathode materials, thus ensuring the steady supply of batteries in the North American market, where mid- to long-term growth is expected
RELATED ARTICLES
Merck KGaA has joined the Semiconductor-X research project on the digitalisation of supply chains in the semiconductor industry. Its role, as a supplier of chemicals and materials in this field, will be “to contribute to the development of digital structures and solutions for value chains”.
Following laboratory trials Integrals Power, a next-generation battery nanomaterials company, has started production of its proprietary advanced cathode active materials (CAMs) at its pilot plant in Milton Keynes.
Wacker Chemie has symbolically broken ground for a new 23,000 m2 silicones plant at its site at Karlovy Vary, Czechia. The investment volume “is in the low triple-digit million-euro range”, the company said. When fully operational, it will make around 20,000 tonnes/year.
Solugen has secured a conditional commitment for a $213.6 million loan guarantee from the US Department of Energy (DOE) Loan Programmes Office. This will be used to support the construction of the company’s Bioforge Marshall facility in Marshall, Minnesota, on which it broke ground in April.
American start-up DMC Biotechnologies, which develops and produces chemicals and ingredients using precision fermentation, has agreed to create the ‘Biotech Open Platform’ in partnership with French industrial giants Danone and Michelin, and the investment bank Crédit Agricole.
Mitra Chem, a specialist in lithium-ion battery materials, has formed a joint project with inks and pigments giant Sun Chemical to develop the first iron phosphate mass production capability in North America. This will be co-located with Mitra Chem's lithium iron phosphate (LFP) production.
