Log In

 

Company Name : Mitsui Chemicals, Inc.

Saturday, December 9, 2017 12:38PM IST (7:08AM GMT)

(BW)(MITSUI-CHEMICALS)

Mitsui Chemicals - Completion of Expansion of Electrolyte Solution Production Capacity in China


- Meeting growing EV demand in China -


TOKYO, Japan

Mitsui Chemicals, Inc. (Tokyo; President & CEO: Tsutomu Tannowa; “Mitsui Chemicals”) has announced the commencement of commercial operation of facilities for the production of electrolyte solution for lithium-ion batteries run by Formosa Mitsui Advanced Chemicals Co., Ltd. (“FMAC”), a joint venture of Mitsui Chemicals and Formosa Plastics Corporation (Taiwan; Chairman & President: Jason Lin; “Formosa Plastics”), in November 2017. The capacity had previously been expanded in December 2016.

 

The market for lithium-ion batteries is growing in line with the rising demand for laptops, smartphones and tablets. It is anticipated that the market will expand further, mainly in China, given that plug-in hybrid vehicles and electric vehicles (EVs) with smaller environmental footprints will come into widespread use.

 

In collaboration with Formosa Plastics, Mitsui Chemicals constructed the facilities to produce high quality electrolyte solution, beginning commercial operation in July 2016. In preparation for the market growth, the recent expansion was made to bolster the supply system by calling on well established technologies and knowledge on electrolyte solution, to meet growing demand in the Chinese market.

 

[Outline of FMAC and expanded production capacity]

1. Name   Formosa Mitsui Advanced Chemicals Co., Ltd.
2. Establishment   August 2013
3. Capital   US$ 8.2 million
4. Equity ratio   Mitsui Chemicals 50%, Formosa Plastics 50%
5. Location   FPC industrial complex in Ningbo, China
6. Business   Manufacture, sales and research for electrolyte solution in China
7. Capacity   5,000 tons / year (including the recent expansion by 3,500 tons / year)
 

Demand for lithium-ion battery-use electrolyte solution is also expected to grow in Japan, especially for onboard equipment. At Mitsui Chemicals, its production facility with the capacity of 5,000 tons/year at the Nagoya Works has been in commercial operation since April 2017.

 

Mitsui Chemicals has targeted the mobility domain as a growth driver. As one of the growth leaders in this domain, it is actively pursuing expansion of its unique and distinctive electrolyte solutions for lithium-ion batteries. It will continue to strengthen and enlarge its mobility business by expanding its electrolyte solution supply systems in China and Japan.

 

[Outline of Formosa Plastics]

1. Name   FORMOSA PLASTICS CORPORATION
2. Establishment   November 1954
3. Capital   US$ 1,930 million
4. Location   201 Tung Hwa N. Road Taipei, Taiwan
5. Business   Manufacture and sales of petrochemicals and chemical products
6. Employees   6,316 (2016)
 

 

 

 


Click here for Media Contact Details
CONTACTS :

Mitsui Chemicals, Inc.
Miyako Otsuka, +81-3-6253-2100
Corporate Communications Division


More News from Mitsui Chemicals, Inc.

24/08/2018 7:18PM

Mitsui Chemicals to Expand Production Capacity of LUCANT™

Mitsui Chemicals, Inc. (TOKYO:4183)(President & CEO: Tsutomu Tannowa) announced the decision to construct a new plant for the production of LUCANT™, hydrocarbon-based synthetic fluid, at its Ichihara Works in ...

24/08/2018 10:44AM

Mitsui Chemicals to Increase Production Capacity for TAFMER™ High-Performance Elastomers

Mitsui Chemicals, Inc. (TOKYO:4183)(President & CEO: Tsutomu Tannowa) today announced that Mitsui Elastomers Singapore Pte Ltd (MELS; Managing Director: Shinya Matsunaga), a wholly owned subsidiary based in ...

09/08/2018 10:35AM Image

मित्सुई केमिकल्स: फोटोवोल्टिक विद्युत उत्पादन और भारत में उसके विस्तार के लिए नैदानिक व्यवसाय

मित्सुई केमिकल्स, इंक. (टोक्यो:4183) (अध्‍यक्ष एवं मुख्‍य कार्यकारी अधिकारी : सुतोमु तन्नोवा) ने आज भारत के गुजरात राज्य में पीआई बर्लिन की साझेदारी में एक सोलर पैनल परीक्षण तथा प्रमाणन प्रयोगशाला ...

Similar News

16/10/2018 12:46PM Image

Hyundai Safe Move - Road Safety Campaign Enters 4th Phase

Hyundai Motor India Foundation (HMIF), the philanthropic arm of Hyundai Motor India Ltd. today announced the commencement of the 4th phase of 'Safe Move - Road Safety Campaign'.

No Image

16/10/2018 12:06PM

PotNetwork Holdings, Inc. Files Form 10 To Become SEC Reporting Company

PotNetwork Holdings, Inc.(OTC Pink: POTN) announced that it has filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (SEC) to register its common stock under the Securities Exchange ...