Mitsubishi Chemical Corporation (MCC) will establish a new subsidiary in China in February 2012 to manufacture and sell formulated electrolyte for Lithium-ion batteries (LiBs). Commercial operation is expected by the end of 2012.
Battery production in China is expected to grow rapidly, both for the consumer electronics and for the emerging automotive applications. MCC anticipates a sharp raise in demand for formulated electrolyte in the near future. To meet this anticipated market demand, MCC will build capacity in China through a new subsidiary, which will manufacture and sell formulated electrolyte. In addition to new operation sites in the UK and the US, which were announced last year, MCC will accelerate the global expansion of its formulated electrolyte business.
The new subsidiary will be the second branch of MCC’s battery materials business in China, following Qingdao Anode Kasei Co., Ltd., which was announced in September 2010 and manufactures and markets anode materials.
MCC says it will continue to develop its LiB materials business by providing all four key materials (formulated electrolyte, anode, cathode, and separator).