Specialty chemicals company Johnson Matthey plans to invest $270 million to build production capacity for high-energy battery materials.
Johnson Matthey first entered the Li-ion battery market in 2012, and is focusing on a broad portfolio of cathode materials to support a range of electrified vehicle applications. It has strategic partnerships with cell manufacturers and automotive OEMs.
Johnson Matthey has IP across a range of battery materials, including LNO, NMC and LFP. The company says its eLNO represents a step change in energy density compared to NMC and NCA materials.
“We are world class chemists,” said Chief Executive Robert MacLeod. “We have the expertise to solve our customers’ complex and increasingly challenging problems by scaling up fundamental chemistry to provide commercial solutions which drive our growth. This will create value and a cleaner and healthier world.”