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Epsilon Advanced Materials and Himadri Speciality Chemical have opposing views on the evolving battery materials supply chain in India.

Acquisition of tech center in Germany expedites EAM’s plans to be first in Asia to make LFP cathode outside of ChinaMOOSBURG, Germany--(BUSINESS WIRE)--Epsilo

The acquisition makes Epsilon the first global company capable of providing manufacturers with cathode and anode materials for lithium-ion batteries, which is poised to make India the first country in Asia outside of China to manufacture LFP (Lithium-ion Phosphate) cathode materials, Epsilon said.

Epsilon Carbon: The ICC project will have a manufacturing capacity of 8,75,000 MT/annum for various carbon products. The three main components of the complex include Speciality Carbon Capacity (500,000 MT/annum), Carbon Black Capacity (300,000 MT/annum), and Advanced Materials Capacity (75,000 MT/annum).

The agreements include pacts with Epsilon Carbon Private Ltd, which has proposed an investment of Rs 10,000 crore in the state over 10 years, and Ind Barath Energy Utkal Ltd, which will set up an 800-MW ultra super critical coal-based thermal power plant at Jharsuguda for Rs 6,012.46 crore.