February 8, 2024: Epsilon Advanced Materials said on February 2 it had finalized the acquisition of a lithium ion phosphate cathode active material technology center from Johnson Matthey in Germany.
Mumbai-based Epsilon said the center in Moosburg gives it the potential to help reduce the battery market’s reliance on China.
The center is equipped to produce LFP and lithium manganese iron phosphate cathodes in small laboratory-scale batches.
Additionally, the center has a pilot customer qualification plant (CQP) designed to validate new materials that uses what Epsilon says is a hydrothermal process to provide a cleaner metal processing solution.
The acquisition follows Epsilon’s announcement of a $1.1 billion investment to set up an anode battery materials manufacturing facility in India — where it is scheduled to break ground this year for a large-scale CQP to be built in 2025.
The plant will scale up to 100,000 tonnes by 2030.
Epsilon said it also plans to build a $650 million graphite anode material manufacturing facility in the US, as well as investing €600 million to develop a graphite processing plant in Finland.
Johnson Matthey said in November 2021 it wanted to sell all, or parts of, its battery materials business.
Energy Storage Journal reported in May 2022 that Nano One had agreed a C$10.25 million ($8 million) deal to acquire Johnson Matthey Battery Materials Canada.