Joint Venture28 Nov 2025, 07:21 pm
Neogen Chemicals Subsidiary Concludes Joint Venture with Morita Investment for Lithium-ion Battery Materials Production in India
AI Summary
Neogen lonics Limited, a wholly owned subsidiary of Neogen Chemicals Limited, has concluded a joint venture agreement with Morita Investment Limited, a subsidiary of Morita Chemicals Industries Co. Limited, Japan. The JV, named Neogen Morita New Materials Limited, will produce, develop, and sell solid LiPF6 salt — a crucial ingredient for Lithium-ion battery electrolytes, along with other related materials and services. This collaboration is one of the first Indo-Japan joint ventures in the Lithium-ion Battery materials space and is expected to boost domestic value addition, enable import substitution, and improve Neogen Chemicals' existing electrolyte salt production reliability and efficiency.
Key Highlights
- Neogen Chemicals subsidiary concludes Joint Venture with Morita Investment for Lithium-ion Battery materials production in India.
- JV named Neogen Morita New Materials Limited will produce, develop, and sell solid LiPF6 salt — a crucial ingredient for Lithium-ion battery electrolytes.
- Joint Venture addresses the global imperative for supply chain diversification from China.
- JV leverages proven Japanese technology in India, establishing it as the sole non-FEOC compliant Electrolyte Salt plant in the country.
- Morita Group’s 30 years of globally proven technology will improve Neogen Chemicals' existing electrolyte salt production reliability and efficiency.