3M, Umicore sign second battery materials agreement

3M, Umicore sign second battery materials agreement

12:16 AM, 30th September 2011
3M, Umicore sign second battery materials agreement

ST PAUL, US: 3M and Umicore have entered into a second technology license agreement that further expands the use of nickel, manganese and cobalt (NMC) cathode materials in lithium-ion batteries. Under the agreement, 3M grants Umicore license to a family of low cobalt NMC cathode material compositions for manufacture and sales to lithium-ion battery manufacturers for automotive and consumer electronics applications.

The battery cathode compositions composed of nickel, manganese, and cobalt, covered by this agreement, offer a balance of power, energy, thermal stability and low cost. “This license allows Umicore to further expand its wide product offering. The product performance combined with an intrinsic lower cost will pave the way for advanced NMC cathode materials in emerging applications for lithium-ion batteries in the automotive market as well as further penetrate the established consumer electronics market,” said Kurt Vandeputte, Business Line Manager, Rechargeable Battery Materials activity, Umicore.

“NMC cathode materials have shown significant advantages in large format battery applications like electric vehicles. This will enable customers to reduce cost and minimize materials cost fluctuations. The agreement will accelerate market adaptation of the technology and enhance our ability to meet rapidly growing needs of lithium-ion battery manufacturers,” said Christian Milker, Business Manager, Electronics Markets Materials Division, 3M.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Agrium signs a long-term phosphate rock supply agreement with OCP

CALGARY, CANADA: Agrium Inc has executed a long-term rock supply agreement with OCP SA to purchase phosphate rock to supply Redwater, Alberta phosphat ...

Read more
Fire at Shell refinery extinguished after 2 days

PULAU BUKOM, SINGAPORE: A major fire at Shell’s biggest oil refinery was finally extinguished on Thursday after raging for two days. Most of the ...

Read more
BASF-YPC selects Dr Stephan Kothrade as new president

NANJING, CHINA: Dr Stephan Kothrade will become President of BASF-YPC Company Limited, effective January 1, 2012. Kothrade will succeed Dr Bernd Blume ...

Read more
Air Products buys 25 pc stake in Saudi gas and equipment firm

  LEHIGH VALLEY, US: Air Products will buy a 25 per cent ownership stake in privately owned Saudi company, Abdullah Hashim Industrial Gases & ...

Read more
Tronox to acquire Exxaro’s Mineral Sands operations

  OKLAHOMA CITY, US/PRETORIA, SOUTH AFRICA: Tronox Incorporated has agreed to acquire Exxaro’s mineral sands operations, which include Exx ...

Read more
BASF to sell fertilizer business to EuroChem for €700 million

  LUDWIGSHAFEN, GERMANY: BASF has signed a contract with EuroChem, Moscow, Russia, to sell its fertilizer activities in Antwerp, Belgium. BASF a ...

Read more