Mumbai, 10th April 2023 (GNI): L-R: Dr. Harin Kanani, Managing Director, Neogen Chemicals Ltd.; Right- Mr. Anurag Surana, Non-Executive Director, Neogen Chemicals Ltd

 

Mumbai, 10th April 2023 (GNI): Neogen  Chemicals Limited (Neogen), one of India’s leading manufacturers of Bromine- based, and Lithium-based specialty chemicals,  has today signed an agreement with MU Ionic Solutions Corporation, Japan.

MU Ionic Solutions (MUIS) is a JV between Mitsubishi Chemical Corporation (MCC) and UBE Corporation and is a group company of The Mitsubishi Chemical Group (the group) a Japanese conglomerate. The group is one of the global leaders in electrolytes used in lithium-ion batteries with a strong track record of 30 years and has 5 electrolyte manufacturing plants located in Japan, USA, UK and China.

As per the terms of the agreement, Neogen will obtain the license from MUIS for proprietary  and confidential manufacturing technology for making Neogen’s electrolyte solutions at its manufacturing facility in India with a planned max installed capacity of upto 30,000 MT per annum. These electrolytes will be targeted by Neogen to meet the growing  demand of lithium-ion cell  manufacturers  in India.

The agreement will allow Neogen to ensure that the manufacturing plant meets stringent global standards for quality, reliability, safety and efficiency for electrolytes production. It will also help Neogen to greatly reduce approval times with Lithium Ion Battery makers. Neogen is honoured to be a recipient of this first-ever license issued by MUIS the part of MCC of electrolyte manufacturing technology anywhere in the globe.

Addressing to the media persons at the press conference on the development, Dr. Harin Kanani, Managing Director of Neogen  Chemicals said:

“We are pleased to be collaborating with one of the global leaders of electrolytes to steer our growth initiatives around lithiumion battery  chemical opportunity in India. We would like to extend our gratitude to MUIS for the trust that they have bestowed on us. The group’s 3-decade long electrolyte manufacturing experience will be extremely beneficial for Neogen to build a robust global quality and safety standards approved electrolyte plant in India. With this arrangement, we will be the first Indian company to have a proven global technology, to manufacture  electrolytes at scale for lithium-ion batteries. This will allow us to further enhance confidence of Indian customers.

About Mitsubishi Chemical Group Corporation:

Mitsubishi Chemical Group Corporation is a specialty materials provider with an unwavering commitment to lead with innovative solutions to achieve KAITEKI, the well-being of people and the planet. We bring deep expertise and material science leadership in core market segments such as mobility, health & life sciences, and electronics, enabling industry transformation, technology breakthroughs, and longer, more fruitful lives for us all. Together, around 70,000 employees worldwide provide advanced chemistry-based solutions to deliver the core elements of our slogan—Science. Value. Life. For details of Mitsubishi Chemical Group Corporation, please visit (https://www.mcgc.com/english/).

About Neogen Chemicals Limited:

Incorporated in 1989, Neogen Chemicals Ltd. (NSE Code: NEOGEN; BSE Code: 542665) is India’s one of the leading manufacturers of Bromine-based and Lithium-based specialty chemicals. Its specialty chemicals product offerings comprises of Organic as well as Inorganic chemicals. Its products are used in pharmaceutical and agrochemical intermediates, engineering fluids, electronic chemicals, polymer additives, water treatment, construction chemicals, and aroma chemicals, flavours and fragrances, specialty polymers, Chemicals and Vapour Absorption Chillers – original equipment manufacturers  and with new upcoming usage in lithium-ion battery materials for energy storage and Electric Vehicles (EV) application. Over the years, Neogen has expanded its range of products and at present, manufactures an extensive range of specialty chemicals which find application across various industries in India and the world. It has a product portfolio of over 242 products.

In addition to manufacturing specialty chemicals, Neogen also undertakes custom synthesis and contract manufacturing where the product is developed and customised primarily for a specific customer, but process know-how and technical specifications are developed in- house.

The Company has recently announced plans to utilise its three decades of experience in Lithium Chemistry to manufacture Lithium-Ion battery materials with an initial investment plan of manufacturing electrolytes and Lithium salts needed for electrolytes.

The Company operates out of its three manufacturing facilities located in Mahape, Navi Mumbai in Maharashtra and, Dahej SEZ, Bharuch as well as Karakhadi, Vadodara in Gujarat. For more  information, please visit www.neogenchem.com 

ends GNI SG