Page 168 - CW E-Magazine (17-9-2024)

News from Abroad

ELECTRIC MOBILITY
Australia’s Element 25 and Nissan Chemical to explore

battery grade manganese sulphate facility in Japan

Australia’s Element 25 (E25) has
entered into a non-binding Memorandum
of Understanding (MoU) with Japan’s
Nissan Chemical (NC) and its arm, NC
Tokyo Bay Corporation (NCTB), to
complete a feasibility study (FS) into
a battery grade High Purity Manganese
Sulphate Monohydrate (HPMSM) faci-
lity to be located at the existing NCTB
site in Chiba prefecture, Japan.
Final details of the proposed project
including timeframe and funding will
be determined once the feasibility study
has been completed. Louisiana, USA, in cooperation with their Aichi and Toyama prefecture
General Motors and Stellantis. facilities, as well as other key reagents
The MoU outlines several key steps at the Toyama prefecture facility, all
including the identification of potential The agreement also reflects Japan’s key inputs into the E25 process.
engineering, procurement and construc- strategic interest in manganese as a criti-
tion (EPC) contracts, the completion cal mineral, particularly for the elec- NTCB also generates CO -free
2
of scoping and feasibility studies, the tric vehicle industry as it shifts away power via an established co-generation
finalisation of offtake agreements and from nickel-rich chemistries towards unit attached to the acid plant. Both
the securing of sufficient project finance high-manganese battery chemistries. power and steam can be supplied to
to reach a targeted final investment E25 without the requirement for signi-
decision (FID) date of September 2026. According to the companies, the ficant additional capital works. All other
NCTB site in Chiba offers opportu- required utilities, including natural gas,
This collaboration aligns with Ele- nities for co-location of an HPMSM water and sewer services are also avail-
ment 25’s strategy to develop a global facility. In addition to the production able at the NCTB site, in addition to
network of HPMSM facilities com- of sulphuric acid at the Chiba site, NC substantial ancillary infrastructure and
plementing the initial plant planned in also produces sulphuric acid at both services, the companies said.
DIVESTMENT
Element Solutions to sell MacDermid Graphics

Solutions to XSYS for $325-mn

Element Solutions Inc., a US-based business transferring to XSYS constitutes “MacDermid Graphics is a quality
diversified speciality chemicals com- substantially all of Element Solutions’ business that is non-core to Element
pany, has announced an agreement to Graphics Solutions reporting vertical. Solutions’ portfolio and long-term
sell its flexographic printing plate busi- Net proceeds are expected to be used by vision. Our portfolio going forward will
ness, MacDermid Graphics Solutions, Element Solutions’ to further reduce leve- be more focused and better positioned
to XSYS, a global specialist provider in rage and for general corporate purposes. for even faster growth and greater cash
the flexographic printing industry, for an flow conversion with a stronger balance
enterprise value of approximately $325-mn. The company’s President and CEO sheet to pursue future growth opportu-
The MacDermid Graphics Solutions Mr. Benjamin Gliklich commented, nities in our core markets.”

168 Chemical Weekly September 17, 2024

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