Mitsui Chemicals - Completion of Expansion of Electrolyte Solution Production Capacity in China
2017年12月8日 - 11:00AM
ビジネスワイヤ(英語)
- Meeting growing EV demand in China -
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)
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version on businesswire.com: http://www.businesswire.com/news/home/20171207005041/en/
Mitsui Chemicals, Inc.Miyako Otsuka,
+81-3-6253-2100Corporate Communications Division