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Honeywell Secures $27.3M Grant From DOE to Produce LiPF6 for Li-ion Electrolytes

24 May 2010

Honeywell has signed a contract with the US Department of Energy for a $27.3 million grant to produce high-purity lithium hexafluorophosphate (LiPF6), a conductive salt used in electrolytes for lithium-ion batteries.

The grant, originally announced in August 2009, is intended to help Honeywell become the first US supplier of LiPF6. (Earlier post.)

The grant was awarded as part of the American Recovery and Reinvestment Act of 2009 and is designed to accelerate the market introduction and penetration of advanced electric drive vehicles, reducing fuel consumption and vehicle emissions of greenhouse gases.

The electrolyte in conventional lithium-ion batteries consists of a lithium salt such as LiPF6 or LiClO4 in an organic solvent such as ethylene carbonate or propylene carbonate.

LiPF6 facilitates the transport of lithium ions within the battery, which allows the batteries to store and discharge energy. Honeywell has developed a novel, environmentally-sound process to manufacture high-purity LiPF6. The process produces less waste and a more consistently pure product than alternate processes, according to the company.

According to independent market research published by Avicenne, a leading market research firm, demand for lithium-ion batteries is expected to grow more than 40%, from $7.2 billion in 2010 to $10.1 billion in 2015, driven by demand for plug-in hybrid and all-electric vehicles.

Honeywell’s LiPF6 production process was developed at Honeywell’s research and development facility in Buffalo, NY. The facility has a proven record of developing and commercializing innovative molecules used today in a number of applications, including refrigerants, blowing agents, solvents and energy storage.

May 24, 2010 in Brief | Permalink | Comments (3) | TrackBack (0)

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Comments

A 40+%/year increase in lithium battery production will require more of each improved component. Higher production should lead to lower cost.

It's projected to increase 40% over five years, not per year.
That sounds low to me.

It's fair to say these projections are probably low to meet under-expectation needs. The largest growth will be from 2015 onward. Provided we avoid the Mayan doomsday curse of 2012...

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