Neogen Chemicals Ltd Subsidiary Executes Joint Venture Agreement with Morita Investment Limited

Neogen Chemicals Ltd's subsidiary, Neogen Ionics Limited, has executed a Joint Venture Agreement (JVA) with Morita Investment Limited, a subsidiary of Morita Chemicals Industries Co. Limited. The JVA aims to leverage the technological and manufacturing capabilities of both organizations to participate in the rapidly growing Lithium-ion Battery business. The joint venture company, Neogen Morita New Materials Limited, will produce, develop, and sell solid LiPF6 salt, a key ingredient for producing electrolyte used in Lithium-ion Batteries.