Clariant's Süd-Chemie, LG Chem To Make Lithium Iron Phosphate
December 13 2011 - 1:43AM
Dow Jones News
Clariant AG (CLN.VX) Tuesday said its Süd-Chemie AG subsidiary
and South korea-based LG Chem, Ltd. will establish a joint venture
for high volume production of superior quality lithium iron
phosphate.
MAIN FACTS:
- LFP is a cost effective, safe and eco-friendly cathode
material for use in rechargeable lithium-ion batteries.
- Süd-Chemie, a member of the LFP licensing alliance with
several years of experience in manufacturing and marketing LFP,
expects to have synergy effects by creating a joint venture with
LG, a world leading lithium-ion battery producer.
- The joint venture will lay the foundation for reliable sources
of LFP with regard to the rapidly growing use of lithium-ion
batteries for on-site energy storage, for instance solar energy and
popular smart grid applications, and for electric and hybrid
automobile drives.
- The joint venture will predominantly provide stable supplies
of LFP to LG Chem, and also provide global leading battery company
as a customer to Süd-Chemie.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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