Page 169 - CW E-Magazine (16-7-2024)

News from Abroad

FIVE-YEAR CONTRACT
LG Energy Solution to supply lithium ferrophosphate

EV batteries to Renault

South Korea’s LG Energy Solution value chain in Europe. Our long-term removes the module stage and makes
has announced that it will supply LFP relationships have enabled us to build this the cell into a pack structure right away.
(lithium ferrophosphate) pouch-type unique solution in terms of technology Compared to the general battery struc-
electric vehicle (EV) batteries to and competitiveness,” said François Pro- ture, the module-free advantage ena-
Ampere, the EV pure player born from vost, Chief Procurement, Partnerships and bles cost and weight reduction, while
automaker, Renault Group, its long-time Public Affairs Officer, Renault Group. increasing space utilisation. Because of
customer. The two companies signed these advantages, CTP is considered a
the supply agreement at Renault’s Paris It is the company’s first large-scale cutting-edge technology in the EV bat-
headquarters in France on July 1. supply deal of LFP EV batteries whose tery market, and LG Energy Solution is
market has been dominated by non- the first in the world to apply the tech-
Under the five-year contract, LG Korean manufacturers. LFP batteries nology to pouch-type batteries.
Energy Solution will provide LFP bat- use iron and phosphate, which are
teries to Ampere from late 2025 through less expensive than the materials used LG Energy Solution’s CTP solu-
2030, with a total capacity of approxi- in Nickel Manganese Cobalt (NMC) tion-applied pouch-type batteries have
mately 39-GWh, enough amount to batteries, and have a stable chemical about five percent higher energy den-
produce around 590,000 battery EVs. structure, ensuring competitiveness in sity per weight compared to the pris-
The batteries will be manufactured in terms of cost and safety. matic CTP technology batteries, offer-
LG Energy Solution’s Poland facility, ing higher energy efficiency for EVs.
and will power next-generation EV LG Energy Solution is delivering LG Energy Solution said it will also
models from Ampere. further price competitiveness by imple- enhance the safety of the batteries by
menting CTP (Cell To Pack) solutions increasing the toughness of the battery
“We worked hand in hand with LG in the manufacturing process. CTP pack and applying proven heat transfer
Energy Solution to set up an integrated technology refers to a technology that prevention technology.

Frankfurt to host 2025 edition of CPHI

Leading pharma industry exhibi- try,” said Mr. Adam Andersen, Exe- every facet of industry development and
tion, CPHI Europe, will return to Messe cutive Vice President, Pharma, at Informa growth. In 2025, the event will see an
Frankfurt in 2025, from 28-30 October. Markets. CPHI will feature content expanded BioProduction Zone, along-
The annual event brings together the sessions where some of the industry’s side increased demand for diverse supply
entire pharma industry supply chain, biggest names will share insight spanning chain partners from pharma customers.
from ingredients and finished dosages
to machinery, bio-based, packaging, China Petrochemical Development Corp.
and several other segments. The exhi- pulls back on fine chemical project
bition is expected to see participation
of over 2,400 exhibitors and 62,000 China Petrochemical Development plant in two phases – a ‘phase 0’ with
attendees from 170 countries. Corporation, the Taiwan-based company an investment of $25-mn and ‘phase 1’
mainly manufacturing caprolactam and projected at $90-mn.
“Each year, CPHI attracts a signifi- acrylonitrile, has announced that its
cant number of international exhibitors board has approved the suspension of one “Considering the current market con-
and visitors, and Messe Frankfurt’s of the phases of a fine chemical project. ditions and the overall increase in con-
prime location with strong travel con- struction costs, which affect expected
nections makes it the perfect venue. This The company aimed to establish a investment returns, the company intends
setting enables us to unite key players production and distribution centre for to suspend the construction project for
from across the global supply chain at high-value fine chemicals. Initially, the phase 1 of the fine chemical plant,” the
the heart of the pharmaceutical indus- plan was to construct the fine chemical company informed.

Chemical Weekly July 16, 2024 169

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