Recently, Epsilon Advanced Materials (EAM), an Indian battery materials company, has successfully acquired the lithium iron phosphate (LFP) battery materials technology center of British chemical company Johnson Matthey in Mossburg, Germany.
It is reported that Johnson Matthey is a global specialty chemicals company headquartered in London. The LFP Technology Center in Mosburg will not only have the capacity to produce low-volume laboratory-scale lithium iron phosphate (LFP) and lithium iron manganese iron phosphate (LMFP) cathode materials, but will also significantly reduce the time for technical development and large-scale production of EAMs.
In addition, the technical center features a multi-functional pilot plant for customer certification, which utilizes hydrothermal processes to provide cleaner metalworking solutions, leading to a more environmentally friendly battery metal chain.
EAM is an Indian battery materials company founded in 2018 and headquartered in Mumbai. The company focuses on the manufacturing of battery materials and covers the key materials required for the production of lithium-ion batteries, including cathode materials, anode materials, etc. The company's product range includes lithium iron phosphate (LFP) cathode materials, graphite anode materials and others.
This acquisition makes EAM a leading player in the global battery industry chain, providing both cathode and anode materials. It will also help the company meet its plans to meet its 100GWh battery material scale target.
EAM chief executive officer Sunit Kapur said the company is ready to bring proven, high-performance cathode active materials to market. Combining the cathode expertise of the Mossburg Technology Center with the company's anode business will enable EAM to provide customers with comprehensive solutions to optimize battery performance.
It is reported that in July last year, EAM planned to invest 6$500 million to build a 50,000-ton-per-year graphite anode plant in the United States. The plant will use advanced green technologies to produce high-capacity anode materials that can meet the power needs of more than 1 million electric vehicles. The project is expected to be operational in 2026 and is scheduled to reach full capacity by 2031.
*: TrendForce lithium battery finishing.