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Sasol, Lotte Chemical jointly develop battery materials project

 Last Update: 2022-10-10
 Source: Internet
 Author: User

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Sasol Chemical, a subsidiary of Sasol Group, and Lotte Chemical of South Korea announced recently that the two parties have agreed to conduct a pre-feasibility study on the joint venture to build a battery-grade electrolyte solvent project

Li Yingjun, head of Lotte Chemical's battery materials business unit, said: "The growth in battery demand is driving the rapid growth in demand for key materials for lithium-ion batteries

In May, Lotte Chemical announced that previously announced plans to expand its hydrogen, battery materials and recycled plastics businesses by 2030 would require a total investment of 10 trillion won ($7.

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