Page 152 - CW E-Magazine (5-3-2024)

News from Abroad

GEARED FOR GROWTH
Posco Future M begins work on new high-nickel

cathode plant in Gwangyang

Posco Future M, the South Korean
battery material & chemical company
(earlier known as Posco Chemical), has
begun construction of a new high-nickel
cathode plant in Gwangyang, South
Jeolla Province, maintaining the com-
pany’s continued investment in battery
materials for electric vehicles (EVs)
despite the slowdown in the global EV
transformation.
The new cathode plant, which ex-
pects to have a capacity of 52,500-tpa,
is expected to be complete in the first
half of 2025. According to Posco, the
production will be enough to supply As the high-nickel cathode, which is ted at the end of this year. Once the new
batteries that can power 580,000 EVs. made from nickel, cobalt and aluminium, Gwangyang plant is fully up and run-
has a high energy density and output, its ning, Posco Future M will have a total
The entire cathode production from demand has recently increased. In order capacity of 82,500-tpa of high-nickel
the Gwangyang site will be delivered to to meet this growing demand, Posco NCA cathodes. The company plans to
Samsung SDI. Future M began producing high-nickel expand the production of single-crystal
NCA cathode materials at the existing cathodes, which can enhance a battery’s
“Despite the unpredictable busi- Gwangyang factory in April last year. heat stability and lifespan by combin-
ness environment, we will respond to The company also broke ground on a ing the materials into one structure.
the growth of the EV market without high-nickel cathode plant in Pohang in
a hitch by expanding the production of April last year. The demand for single-crystal
NCA cathodes, a high-value product,” cathodes has also been on the rise
said Mr. Kim Jun-hyung, representative The Pohang facility, with a capacity along with the advancement in high-
director of Posco Future M. of 30,000-tpa, is on track to be comple- performance EVs.

MARKETING PARTNERSHIP
DKSH inks distribution agreement with Exsymol

in Canada; expands partnership with Aromatech

Monaco-based actives maker tics, and distribution services for developed by Exsymol are a range of
Exsymol has signed an exclusive agree- Exsymol’s range of active ingredients cosmetic active ingredients with a
ment with DKSH for the marketing designed for skin care, cosmetics, and core of organic silicium. They reload
and distribution of its products in dermo-cosmetic applications. the skin with silicium and therefore
Canada. delay the appearance of aging signs
Exsymol creates and produces as well as offer rejuvenation benefits
DKSH’s Performance Materials substantiated active ingredients for to the skin for long-term results.
business unit will provide business cosmetics, such as silanols, peptides, Exsymol produces batches from 50-kg
development, marketing, sales, logis- and active naturals. The silanols to 5-tonnes of active ingredients in

152 Chemical Weekly March 5, 2024

Contents Index to Advertisers Index to Products Advertised