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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