KENDAL, Indonesia, Aug. 7, 2024
/PRNewswire/ -- BTR NEW MATERIAL GROUP ("BTR", 835185•BJ), a global
leader in battery materials, has officially launched production at
its new lithium-ion battery anode materials plant in Indonesia. This milestone, marking BTR's 24th
anniversary, makes the facility the largest anode production site
outside China.
The inauguration ceremony was attended
by notable dignitaries including Indonesian President Joko Widodo, Coordinating Minister for Maritime
and Investment Affairs Mr. Luhut Binsar
Pandjaitan, Coordinating Minister for Economic Affairs Mr.
Airlangga Hartarto, Minister of Labor Ms. Ida Fauziah, Minister of
Investment Mr. Bahlil Lahadalia, Minister of Energy and Mineral
Resources Mr. Arifin Tasrif, BTR Chairman Mr. He Xueqin, and BTR
Executive Vice Chairman & CEO Dr. Huang Youyuan.
The project's first phase, which involved a $478 million investment, boasts an annual
production capacity of 80,000 tons of anode materials. The second
phase, scheduled to start in late 2024 with an additional
$299 million investment, will expand
the total capacity to 160,000 tons.
BTR has held the top global market share for anode materials for
14 years, serving major lithium-ion battery manufacturers such as
Panasonic, Samsung SDI, LGES, SKOn, CALT, and BYD. Its product
portfolio includes natural and artificial graphite, silicon-based
materials, and high-nickel ternary cathode materials. The
Indonesian plant will supply diverse anode materials for electric
vehicles, consumer batteries, and energy storage systems.
In line with the expanding global new energy market, BTR has
also set up anode and cathode material plants in Indonesia and Morocco. This Indonesian facility represents
the first international expansion for China's anode material industry and is a key
part of BTR's global growth strategy. Drawing on over 20 years of
expertise, BTR aims to strengthen its supply chain and deliver
high-quality materials to global markets.
During the construction of the first phase, BTR employed 4,000
local workers. The project, completed in just 10 months, will
create an additional 1,200 jobs once production begins. This new
facility addresses crucial gaps in the supply of lithium-ion
battery anode materials in Indonesia and the ASEAN region, enhancing the
new energy sector and upgrading industrial infrastructure in
Indonesia.
BTR is dedicated to reducing its carbon footprint and advancing
clean energy. As part of its commitment to sustainability, the
Morowali Industrial Park (IMIP) will complete a photovoltaic power
plant exceeding 10 MWh this year, and the Kendal Industrial Park (KIP) will operate
entirely on green power. These efforts highlight BTR's focus on
environmental sustainability and represent a significant step
towards a greener future.
About BTR
Established in August 2000 and listed
on the Beijing Stock Exchange in October
2021 (stock code 835185•BJ), BTR New Material Group Co.,
Ltd. is a leader in renewable energy material R&D. Known for
its continuous technological innovation, BTR offers advanced
technologies and a comprehensive product portfolio, serving both
international and domestic markets. Its core products include
lithium-ion battery anodes, cathodes, and other advanced
materials.
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SOURCE BTR New Material Group Co., Ltd.