Business Update6 Dec 2023, 04:49 pm
Himadri Speciality Chemical Ltd pioneers Innovation and Sustainable Growth in Cathode Material Landscape
AI Summary
Himadri Speciality Chemical Ltd, a global speciality chemical conglomerate, announces India's first commercial plant for Lithium Iron Phosphate (LFP) Cathode Active Material, catering to 100 GWh of Li-ion Battery in phases. The company aims to produce 200,000 MTPA of LFP Cathode Active Material, with a revenue of ~4X the capex and strong profitability. This breakthrough innovation is in line with the company's sustainability goals and contributes to the global and domestic carbon-neutral revolution.,
Key Highlights
- First commercial plant for Lithium Iron Phosphate (LFP) Cathode Active Material in India
- Aims to produce 200,000 MTPA of LFP Cathode Active Material
- Catering to 100 GWh of Li-ion Battery in phases
- Breakthrough innovation in the Cathode Material landscape
- Contributing to the global and domestic carbon-neutral revolution