Neogen Chemicals Limited, a prominent Indian manufacturer of specialty chemicals based on Bromine and Lithium, has signed a license agreement with MU Ionic Solutions Corporation (MUIS), a joint venture between Mitsubishi Chemical Corporation (MCC) and UBE Corporation.
As part of the agreement, Neogen will obtain proprietary and confidential manufacturing technology for making electrolyte solutions, which will be manufactured at the company’s plant in India. The plant is expected to have a maximum installed capacity of up to 30,000 metric tons per annum.
Background on MU Ionic Solutions Corporation
MUIS is a group company of the Mitsubishi Chemical Group, a Japanese conglomerate with a strong track record of 30 years in manufacturing electrolytes used in lithium-ion batteries. The company has five electrolyte manufacturing plants located in Japan, the USA, the UK, and China, and is a global leader in the field.
Benefits of the Agreement
The agreement with MUIS will enable Neogen to manufacture electrolytes that meet stringent global standards for quality, reliability, safety, and efficiency. It will also enable the company to reduce approval times with lithium-ion battery makers. Neogen is proud to be the first recipient of a license issued by MUIS for electrolyte manufacturing technology anywhere in the world.
Dr. Harin Kanani, Managing Director of Neogen Chemicals, expressed his pleasure at the collaboration with one of the world’s leading electrolyte manufacturers. He also highlighted the benefits of MUIS’s 30-year-long electrolyte manufacturing experience, which would help Neogen build a robust global quality and safety standards-approved electrolyte plant in India. With this arrangement, Neogen will be the first Indian company to have a proven global technology to manufacture electrolytes at scale for lithium-ion batteries. This, in turn, will enhance the confidence of Indian customers.
About Mitsubishi Chemical Group Corporation
Mitsubishi Chemical Group Corporation is a specialty materials provider committed to leading with innovative solutions to achieve KAITEKI, which means the well-being of people and the planet. The company brings deep expertise and material science leadership in core market segments such as mobility, health & life sciences, and electronics. The company has recently announced plans to utilize its three decades of experience in Lithium chemistry to manufacture lithium-ion battery materials. The initial investment plan is to manufacture electrolytes and Lithium salts needed for electrolytes. The company operates three manufacturing facilities in Mahape, Navi Mumbai, Dahej SEZ, Bharuch, and Karakhadi, Vadodara in Gujarat.