3 November 2015
DETAILS
Major cathode material producer
and phosphate leader
have entered into an agreement
to form a joint venture
for the manufacture and sale of lithium iron phosphate (LFP)
under licence from LiFePO4+C Licensing LLC (*).
The two companies have also agreed
to cooperate closely on
other LFP-related raw material supply matters.
Lithium iron phosphate
is a type of cathode material used to store energy
in lithium-ion rechargeable batteries.
The cathode material is one of the most important
differentiating components of lithium ion batteries
and has a major influence on the final performance
and cost of a rechargeable battery.
Thanks to its performance and superior safety profile,
LFP offers great potential
for hybrid and electric vehicle batteries,
as well as
for energy storage systems.
The joint venture will help meet
the increasing global demand for licensed LFP.
Even in the short term,
demand far outstrips licensees’ production capacity.
In fact, global demand for LFP
is expected to grow at an average annual rate of 30 %
between 2014 and 2020,
mainly driven by industrial batteries, e-buses and e-cars.
Lead acid’s replacement with LFP in batteries
for micro-hybrid vehicles is set to trigger
a further rise in demand from 2020 onwards.
All in all, market demand worldwide
is expected to increase from
25,000 metric tonnes in 2015 to
100,000 tonnes in 2020.
For more information
Prayon contact:
Dominique Maréchal (Communications Manager)
dmarechal@prayon.be
Mobile: +32 476 86 02 58
Pulead contact:
Dr. Haohan Wu (International Business Manager)
wuhaohan@pulead.com.cn
Mobile: +86 (10) 8011 9907
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