LOTTE Chemical and Sasol Chemicals exploring collaboration to develop materials for electric vehicle batteries
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.
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.
"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," said Young-Jun Lee, Head of the Battery Materials Business Group for LOTTE Chemical.
“This agreement is consistent with our strategy to answer the sustainability challenge through the solutions we provide our customers,” said Shelley Grahmann, Vice President of Strategy Development and Optimisation for Sasol Chemicals. “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.
Categories
Countries
Companies
Latest news
INEOS Invests £30 Million to Slash Emissions at Hull Site by 75%
Saltend Chemicals Park →INEOS has completed a major £30 million investment at its Hull manufacturing site. The project has resulted in a 75% cut in carbon emissions. David Brooks, CEO INEOS Acetyls, comments "We’ve put £3...
Evonik uses Green Electricity for POLYVEST® Production in Marl
Marl Chemical Park →Since July 1, 2025, Evonik’s Coating & Adhesive Resins business line has been using green electricity for its polybutadiene production in Marl, Germany.
HARKE GROUP has taken over the Swedish Vendico Group
Vendico Group represents several dozen leading strong manufacturers of chemical raw materials in the Personal Care, Home Care and I&I sectors as well as other applications.
ORLEN launches sales of new aviation fuel: SAF now available at Polish airports
The introduction of SAF at Warsaw Chopin Airport is a major milestone in the aviation sector’s transition toward climate neutrality. Our priority is to establish the conditions necessary for carrie...