Green Car Congress  
Go to GCC Discussions forum About GCC Contact  RSS Subscribe Twitter headlines

« Teijin develops first mass-production aramid nanofiber; promising material for heat-resistant separators in Li-ion batteries | Main | Novozymes joins Maabjerg Energy Concept biorefinery project »

Print this post

BASF acquires Novolyte Technologies for Li-ion battery electrolytes

26 April 2012

BASF, private-equity firm Arsenal Capital partners and LiPF6-producer Foosung announced BASF’s acquisition of Novolyte Technologies. Novolyte is a manufacturer of electrolyte formulations for lithium-ion batteries, as well as specialty chemicals for several key market segments. With 167 employees, Novolyte operates sites in the United States and China. BASF purchased Novolyte from Arsenal; the companies have agreed not to disclose financial details of the transaction.

The acquisition comprises Novolyte’s Energy Storage activities focused on developing, producing and marketing performance electrolyte formulations for lithium-ion batteries.

BASF is also buying Novolyte’s performance materials business in which the company is among the leading manufacturers of specialty chemicals in North America. The portfolio includes aryl phosphines, high-performance solvents and custom-made specialties. The acquisition includes 10 patent families in the fields of electrolyte formulation and performance chemicals held by Novolyte.

Within the framework of the acquisition, BASF will continue a joint venture of Novolyte with Korean partner Foosung Co., Ltd., a global producer of the high-purity specialty salt Lithium Hexafluorophosphate (LiPF6), a key material for manufacturing lithium-ion battery electrolytes.

Novolyte operates production sites in Baton Rouge, Louisiana, and in Suzhou, China. An additional site for LiPF6 production is currently under construction in Nantong, China, to be operated by the Foosung/BASF joint venture. Both Chinese sites are located in the greater Shanghai area.

Our acquisition of Novolyte Technologies further positions BASF to achieve its long-term objective of becoming the leading provider of functional materials and components to serve cell and battery manufacturers worldwide. This is the latest in a series of strategic steps we have taken to strengthen our technology position while building a broad portfolio of battery materials technologies that will help us drive the future of electromobility.

—Ralf Meixner, Senior Vice President of BASF’s Global Battery Materials Business

Together with partners in industry and science BASF is developing materials and technologies for current and next-generation lithium-ion batteries as well as for future battery systems. The aim is to reduce the time to market for new solutions to energy storage. A major step on this road is the construction of a manufacturing plant for battery materials in Elyria, Ohio. Along with battery materials, plastics and composites for lightweight automotive design and solutions for improved heat management, such as IR-reflective pigments for coatings and vehicle interior uses, have major roles to play.

April 26, 2012 in Batteries | Permalink | Comments (2) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef016765c0dd9a970b

Listed below are links to weblogs that reference BASF acquires Novolyte Technologies for Li-ion battery electrolytes:

Comments

BASF is developing strategies to become a large integrate battery manufacturer for future electrified vehicles and will buy many other smaller production units.

I hope these BASF takeovers benefit EV batteries, but I keep imagining how Ovonic felt when GM's promises put EV NiMH battery patents in chemical, I mean oil firm, hands.

Without Toyota's small NiMH battery grandfathering clause, there would be no Prius/hybrid auto families and EVs would be even more decades delayed.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Green Car Congress © 2014 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group