July 18, 2011

Chemical firms invest in Li-ion

The blog's colleague Nigel Davis wrote a recent insight about chemical companies racing to enter the lithium ion batteries market.

Nigel pointed out BASF's recent announcement of a three-digit million euros investment in to R&D and production of battery materials over the next five years. BASF's first electrolyte formulations for Li-ion batteries will be on sale by the end of this year. The electrolytes are complex mixtures, based on organic carbamates, that are needed to transport charge inside the battery and help improve performance.

BASF is constructing a plant to produce a range of battery materials in Elyria, Ohio, in the US. Part of its multi-million Li-ion investment will be the $50m earmarked for Li-ion battery cathode production, which is due to start in 2012. In May, BASF formally entered the electrolytes for lithium ion batteries market with the formation of its global electrolytes team in its intermediates division.

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