Page 139 - CW E-Magazine (5-12-2023)

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LITHIUM ION BATTERIES

Altmin & YLB to set up pilot project for cathode Acrylonitrile Korea

active materials in Bolivia Bisphenol – A Taiwan

Hyderabad-based Altmin Pvt. Ltd., kind where the South American nation supply chain, it added. “Joining hands
in the realm of battery materials, has has entered into the advancement of with YLB is extremely reassuring as
announced that it has signed an agree- indigenous Li-Ion battery manufacturing, it secures our position in the global Di Vinyl Benzene 63% China
ment with Bolivian state company, is poised to impact the entire supply battery market. This alliance will
Yacimientos de Litio Bolivianos (YLB), chain positively. Furthermore, the colla- enable Altmin to produce upwards of DVB – Styrene Co-Polymer Beads China
to set up a pilot plant for cathode active boration will cater to the global energy 10 gigawatt hours (GWh) of lithium
materials (CAMs) used to make lith- transition while addressing lithium iron phosphate (LFP) by 2030, The
ium-ion batteries (LIBs) in the South requirements for Altmin’s India opera- partnership between YLB and Altmin EgDmA Korea
American country. tions,” it added. is a signifi cant milestone between the
two countries in the critical minerals
“YLB, the national strategic public According to Altmin, the partner- sector, fostering collaboration and inno- Epoxy Resin - YD 128 Korea
company for Bolivian lithium deposits, ship entails sharing of scientifi c tech- vation,” Altmin Founder & Manag- (Equivalent to KER 828)
and Altmin have officially signed nology knowledge for manufacturing ing Director, Mr. Mourya Sunkavalli.
a strategic agreement to advance part- battery-active materials, through the said.
nership for Lithium, C-LFP technology. establishment of a pilot plant in La C10-C20 Neo Fatty Acid AV 185/220 UV Germany
The agreement outlines collaboration Palca, Potosí using Altmin’s patented Altmin recently inaugurated a Mega-
on the development of raw materials C-LFP technology and sharing of watt-scale LFP manufacturing plant Paraformaldehyde Spain
supply chain and production of CAMs lithium carbonate supplies produced with the Advanced Research Centre for
for lithium-ion batteries, aligning with by YLB. The partnership also aims Powder Metallurgy and New Materials, 91-92-93-96% Prills
the bilateral industrialisation efforts of to enhance research, development, emphasising its commitment to CAM
this vital resource,” Altmin said. “The and piloting activities for Lithium production and India’s self-reliance in
collaboration, which is the fi rst of its and establish a bilateral raw materials the sector. Pentaerythritol 98% (Mono) Spain
OUTLOOK
‘India to become world’s second-largest solar Perchloroethylene China/Japan

module producer by 2025’ Phosphoric Acid 85% (Light Pink) Korea

India is set to emerge as the sec- on solar import tariffs expires in mid-
ond-largest producer of solar modules 2024. Meanwhile, Southeast Asia’s Propylene Oxide Korea
by 2025, surpassing Southeast Asia, solar capacity, mainly driven by Chinese
and is expected to cater mainly to the investments, and Europe’s demand for Potassium Carbonate-Granular China
US demand, a Wood Mackenzie report protective tariffs on Chinese modules
has stated. This comes at a time when due to non-competitive prices, un-
China is predicted to hold more than modules, which currently incur a 40% derscore the global shifts in the solar Trichloroethylene China/Japan
80% of the global capacity for the solar tax. module supply chain. The study further
module supply chain from 2024. The delves into China’s lead in N-type cell Contact Sole Agent
report indicates that even as India plans In contrast, the US, under the In- technology and the anticipated impact
to boost its module exports to the profi - fl ation Reduction Act, is developing on the market, with China accounting FLUORODYECHEM
table US market, it grapples with high its own photovoltaic manufacturing for 95% of the announced global ex-
production costs due to a 25% basic capabilities. However, the absence of pansions in this area. The tightening A-311, Kanara Business Centre, Laxmi Nagar, Ghatkopar (E), Mumbai-400 075.
customs duty on imported solar cells. domestic production of wafers, cells, of profi t margins in the sector is caus- Tel: 022-25001958 / 25000348 / 67988454 * Fax: 022-25000464 / 21716029
There is speculation that to support the or glass means the US will remain de- ing challenges, yet the report suggests Email:dyechem777@gmail.com
export ambitions, the Indian govern- pendent on imports, especially once that vertically integrated manufacturers
ment might lower the duty on Chinese President Biden’s temporary waiver may still fi nd opportunities for growth. Liason Offices at : KOLKATA and SOUTH INDIA

138 Chemical Weekly December 5, 2023 Chemical Weekly December 5, 2023 139

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