Epsilon Carbon Signs JV With US Firm To Set Battery Materials Plant In India

- Advertisement -

Epsilon Carbon will process 1 million tonne per annum of dry nodules to create a production capacity of over 30,000 tonnes of an intermediate nickel-copper-cobalt matte product per annum

World’s first commercial polymetallic nodule processing plant is coming up as Epsilon Carbon as signed a joint venture agreement with US’ Nasdaq-listed The Metals Company Inc to invest ₹1,200 crore for it up in India.

The focus of this collaboration will be to produce cathode precursors with the lowest carbon footprint. These cathode precursors will be converted to cathode active materials at the proposed facility.

- Advertisement -

Epsilon Carbon will process 1 million tonne per annum of dry nodules to create a production capacity of over 30,000 tonnes of an intermediate nickel-copper-cobalt matte product per annum. This product is ideal to be used for active cathode material in lithium-ion batteries (LiBs).

Vikram Handa, Managing Director of Epsilon Carbon, said the company is scouting for land in Tamil Nadu, Gujarat and Andhra Pradesh to set up the plant and will provide the key raw material for battery cell manufacturers.

The recent production-linked incentive scheme for advanced cell chemistries proposed by the government necessitates a 60 per cent local content to qualify for the incentive.

Epsilon with its commercial production of synthetic graphite and a pipeline to produce 30,000 TPA of NMC and 20,000 TPA of LFP by 2025 will contribute significantly towards helping Indian Giga-factories of the future to meet their local-content requirement.

While the government’s PLI scheme provides incentive to the cell manufacturers, Handa said it has left of key raw material supplier. Having developed technology to tap an unconventional source of graphite using a waste stream from steel manufacturing, the company is growing anode materials’ business in India, including a new facility in Finland.

The focus is to expand into diverse cathode materials by 2024, he said. Gerard Barron, Chairman and CEO, TMC, said the government’s allocation last year of $600 million for India’s ‘Deep Ocean Mission and the development of a polymetallic nodule collection system shows the country’s commitment to this lower-ESG-impact potential source of critical metals.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

AI Startup Funding Drops 10% YoY In 2023

0
With total investment falling by 10%, 2023 recorded AI startup backing of $42.5 billion, a decline after hitting the peak in 2021 as per...

Electric 2-Wheelers May Cost Less Than ICE Models in 4-5 Years: Report

0
In a scenario where a subsidy of ₹15,000 per kWh is provided, it is anticipated that the upfront cost parity for short- and mid-range...

Thoughtworks And AWS Unveil SDV Pulse For Industry Megatrend Navigation

0
Global technology consultancy and Amazon Web Services have released their first annual report, designed to assist automakers in quickly maximizing the potential of software-defined...

Buzz

LeePra Chooses Delvitech’s 3D AI AOI System

0
Eyeing efficient quality monitoring, LeePra Technologies has partnered with Delvitech to include advanced AI solutions in its manufacturing units. Last week, EMS provider LeePra Technologies...

Bharat Electronics Secures Export Order Worth $2.3 Billion For Fy25

0
BEL receives a $2.3 billion export order for TR modules, boosting India's self-reliance and export potential in defence manufacturing. On Friday, Bharat Electronics Limited (BEL)...

Systrome Technologies Opens Electronics Manufacturing Facility in Thiruvananthapuram

0
To leverage quality telecom equipment production and local employment, Systrome Technologies recently inaugurated a new factory in the state capital of Kerala. A new manufacturing...

Important Sectors

LeePra Chooses Delvitech’s 3D AI AOI System

0
Eyeing efficient quality monitoring, LeePra Technologies has partnered with Delvitech to include advanced AI solutions in its manufacturing units. Last week, EMS provider LeePra Technologies...

Ultimate Luxury On Wheels: India’s Top Luxury Hybrid Vehicles

0
As the automotive world shifts towards electric vehicles (EVs), many still cherish the classic internal combustion engine (ICE). However, a discerning segment of drivers...

Bharat Electronics Secures Export Order Worth $2.3 Billion For Fy25

0
BEL receives a $2.3 billion export order for TR modules, boosting India's self-reliance and export potential in defence manufacturing. On Friday, Bharat Electronics Limited (BEL)...

Systrome Technologies Opens Electronics Manufacturing Facility in Thiruvananthapuram

0
To leverage quality telecom equipment production and local employment, Systrome Technologies recently inaugurated a new factory in the state capital of Kerala. A new manufacturing...

Hybrids Struggle For Incentives In Uttar Pradesh; Only FAME II-Certified Vehicles Eligible

0
Senior industry executives noted that Uttar Pradesh is looking to align hybrid and electric vehicle (EV) incentives with the central government's FAME II guidelines....

Manufacturing

LeePra Chooses Delvitech’s 3D AI AOI System

0
Eyeing efficient quality monitoring, LeePra Technologies has partnered with Delvitech to include advanced AI solutions in its manufacturing units. Last week, EMS provider LeePra Technologies...

India, Russia Partners To Boost India’s Defence Capabilities

0
Backed by Russia, HAL aims to produce and export Sukhoi Su-30 fighter jets in Nashik to enhance India's aerospace prowess and export potential. India's state-owned...

Zapp And Bounce Infinity Partner On Scooter Production at Bhiwadi Plant

0
The partnership will facilitate the manufacturing and distribution of Zapp's i300 electric urban motorcycles across India. Zapp Electric Vehicles Group Limited has unveiled a strategic...

Empowering Innovation: The Role of MSMEs in India’s Defence Sector

0
If large industries are the “face” of the Indian economy as they provide the most visible aspect, then the MSMEs are surely the “firm...

Quality Control With AI-Driven Optical Inspection

0
This collaboration combines optical inspection technology with high-performance Edge AI hardware, significantly improving printed circuit board assembly efficiency, reducing waste, and enhancing overall process...