Page 138 - CW E-Magazine (17-10-2023)

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EXPANDING PRESENCE

Epsilon to acquire Johnson Matthey’s LFP cathode

technology centre in Germany

Home-grown battery materials The global electric vehicle market, Epsilon said the Moosburg (Germany)
manufacturer Epsilon said it has agreed valued at $380-bn in 2022, is projec- research and development (R&D)
to acquire UK-based Johnson Mat- ted to soar to $1.5 trillion by 2030, ac- centre’s strategic location offers it
they’s LFP (lithium, iron, and phos- cording to Fortune Business Insights, a unique advantage to tap into the
phate) cathode technology centre in Epsilon said, adding that cathode European battery materials’ talent pool
Germany. The fi nancial details of the materials are pivotal to this growth and to cater to its global clientele. By leve-
deal were not disclosed. This acquisi- trajectory. Benchmark’s report further raging the existing infrastructure and
tion serves as a catalyst for Epsilon’s underscores the urgency, indicating a capabilities of the Moosburg facility,
ambitious plans to eventually cater to need for $40-bn investments in cathode Epsilon aims to signifi cantly reduce the
100 GwH of demand and also allows materials production to bridge the gap technology development and scale-up
it to go to markets with a proven high between the current supply and antici- timeframe, it said.
performance cathode active material pated demand by 2030, it stated.
produced at scale, the company said. Earlier in June, Epsilon announced
The German facility offers technical plan to invest $650-mn for establishing
“Our advancement in anode capabilities and a workforce with ex- a 50,000-tpa synthetic graphite anode
research and manufacturing was a fi rst pertise in LFP chemistry, comprehen- manufacturing facility in the US.
step, and this acquisition underscores sive product and process development Epsilon also announced a $1.1-bn invest-
our commitment to serving our global capabilities, and a versatile customer ment in a 100,000-tonne anode battery
clientele with sustainable and reliable qualifi cation plant designed to verify materials manufacturing facility in
material,” said Mr. Vikram Handa, new materials for large-scale produc- Bellari, in Karnataka, with subsequent
Managing Director of Epsilon Group. tion, the company said. expansions in Europe.
STRENGTHENING TIES

Azelis and DSM-Firmenich expand food & nutrition

partnership in India

Azelis, the Belgium-based-distributor tional profi le of formulations across a its “lateral value chain with additional
of specialty chemicals and food ingre- wide range of applications. Commenting advanced solutions and enables the
dients, has announced the extension of on the development, Mr. Petersen, group to further meet market demand
its partnership with DSM-Firmenich, the Regional Sales Manager Asia Pacifi c for sustainable formulations”. Ms.
nutrition, health, and beauty giant. Azelis at DSM-Firmenich, said, “Having part- Aparna Khurana, Managing Director
India will be the sole distributor of Dsm- nered with Azelis India in the food mar- of Azelis India, added, “Our team has
Firmenich’s food enzymes and cultures ket for more than a decade and pharma extensive knowledge of DSM-Firmenich’s
range throughout India, a portfolio that since 2022, we are pleased to expand ingredients, and we are pleased to have
includes dairy cultures, dairy enzymes, that relationship to all of India for our the opportunity to share our expertise
dairy test kits and bakery enzymes. This enzymes and cultures portfolio for Food & with a wider audience and support
agreement expands Azelis India and Nutrition. This strategic decision has customers in dairy, bakery, nutrition,
DSM-Firmenich partnership beyond been made to streamline and enhance and more applications. Being able to
the Western region to also cover India’s our distribution model in India to fur- exclusively offer DSM-Firmenich’s
Northern, Southern, and Eastern regions. ther increase our customer intimacy and advanced enzymes and cultures port-
strengthen our market penetration.” folio and nutrition solutions across
DSM-Firmenich caters to the food & India greatly expands our lateral value
nutrition industry with ingredients Azelis said the expanded partner- chain and nicely complements our
that improve taste, texture, and nutri- ship with DSM-Firmenich strengthens current food and nutrition portfolio.”

138 Chemical Weekly October 17, 2023

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