Mumbai, Apr 10: Neogen Chemicals Limited (Neogen), one of India’s leading manufacturers of bromine-based, and lithium-based specialty chemicals, on Monday signed an agreement with MU Ionic Solutions Corporation (MUIS), Japan, for manufacture of electrolyte solutions under licence in India.
As per the terms of agreement, Neogen will obtain the licence from MUIS for proprietary and confidential manufacturing technology for making Neogen’s electrolyte solutions at its manufacturing facility in India with a planned max installed capacity of upto 30,000 MT per annum, a press release said here.
These electrolytes will be targeted by Neogen to meet the growing demand of lithium-ion cell manufacturers in India.
The agreement will allow Neogen to ensure that the manufacturing plant meets stringent global standards for quality, reliability, safety and efficiency for electrolytes production. It will also help the company to greatly reduce approval times with Lithium Ion Battery makers.
“Neogen is honoured to be a recipient of this first-ever licence issued by MUIS the part of MCC of electrolyte manufacturing technology anywhere in the globe,” said Dr Harin Kanani, managing director at Neogen Chemicals.
MU Ionic Solutions is a JV between Mitsubishi Chemical Corporation (MCC) and UBE Corporation and is a group company of The Mitsubishi Chemical Group (the group) a Japanese conglomerate. The group is one of the global leaders in electrolytes used in lithium-ion batteries with a strong track record of 30 years and has five electrolyte manufacturing plants located in Japan, USA, UK and China, the release added.
