Published by Todd Bush on June 28, 2022
HOUSTON--(BUSINESS WIRE)--Sasol Chemicals, a business unit of Sasol Ltd. (JSE: SOL; NYSE: SSL) and LOTTE Chemical have agreed to conduct a pre-feasibility study of a joint project to build, own and operate a plant to produce battery-grade electrolyte solvents, key components of lithium-ion batteries for electric vehicles.
>> In Other News: Schneider Electric Announces New Dedicated Team to Serve the U.S. Federal Government's Infrastructure Needs
The companies will assess the suitability of Sasol’s locations near Lake Charles in the United States and Marl in Germany for a facility that could produce a variety of battery-grade electrolyte solvents, using feedstock provided by Sasol and third parties and employing proprietary technologies of both LOTTE and third-party licensors.
"Young-Jun Lee, Head of the Battery Materials Business Group for LOTTE Chemical", said, "The increase in battery demand is driving the rapid growth of demand for the key materials that constitute a lithium-ion battery. LOTTE Chemical will lead the global battery materials market quantitatively and qualitatively by rapidly expanding our battery materials business."
"Shelley Grahmann, Vice President of Strategy Development and Optimisation for Sasol Chemicals", said, “This agreement is consistent with our strategy to answer the sustainability challenge through the solutions we provide our customers. With an existing Sasol footprint and strong site infrastructure available in Marl, and the development of our Lake Charles site as a sustainability hub, we are eager to determine if either site would be ideally suited for a facility to provide key materials to the lithium-ion battery market.” The project will also consider options to minimize carbon footprint, such as the usage of renewable energy.
Electrolyte solvents enable lithium-ion batteries by allowing lithium ions to travel more easily between the battery’s anode and cathode. Lithium-ion batteries are likely to be the key power source for electric vehicles.
Sasol Chemicals is a solutions provider focused on sustainability, circularity and specialties. It fulfills its purpose of “Innovating for a better world” by offering a broad, state-of-the-art portfolio of specialty and commodity chemicals for a wide range of applications and industries.
Our solutions are used by more than 7,500 customers, in 120 countries, in countless products that improve the quality of life for people around the world. They also provide the building blocks for a sustainable future by helping reduce energy usage, waste and packaging, and by providing solutions to the renewable energy industry.
Sasol Chemicals is a business of Sasol Limited, a leading chemicals and energy company focused on creating sustainable value for our stakeholders. For more information, visit the Sasol Chemicals website.
LOTTE Chemical is Korea's leading chemical company, contributing to the healthy and rich life of humankind through creative challenges and innovation.
Our extensive range of products from polymer to megatrend product groups is widely used in household goods that we frequently encounter in our everyday lives, as well as cutting-edge new materials.
LOTTE Chemical is poised to take another leap to protect nature and make human life more abundant through the continuous development of products using eco-friendly technologies. Based on ESG management, we will create a more convenient lifestyle for people and a better environment for nature, as we build a tomorrow that is more beneficial to both people and nature. For more information, visit the LOTTE Chemical website.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
New CTO Helin Cox to Propel Climeworks’ Carbon Removal Tech to the Next Level
Zürich April 1st, 2025 – Helin Cox, an experienced engineer with a track record of successfully scaling critical climate technologies, joins Climeworks as Chief Technology Officer, effective immedi...
New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change Goals CHICAGO, April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) and Bloom Energy (NYSE: BE),...
Vitry-le-François, France – April 2, 2025, 08:00 am (CET) – Haffner Energy (ISIN: FR0014007ND6 – Ticker: ALHAF) (the "Company") announces the success of its €6,995,496M cash Capital Increase with p...
The Texas Railroad Commission permits provide for 12 salt caverns capable of storing natural gas, hydrogen, natural gas liquids and other products at TRU Hub, which is located in Southeast Texas in...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.