June 4, 2009

Battered by battery news

A lot of chemical investments going on for next generation alternative energy storage (specifically lithium ion), which could accelerate the use of plug-in hybrids and electric vehicles in the near future.

Just this week, BASF announced its plans to build North America's largest cathode material production plant in Ohio as soon as it gets a grant under the Department of Energy's Electric Drive Vehicle Battery and Component Manufacturing Initiative (part of Obama's Recovery Act).

DOE's Argonne National Laboratory and BASF signed a global licensing deal to mass produce and market Argonne's patented composite cathode materials to lithium-ion batteries manufacturers.

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