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Süd-Chemie to Invest C$35M to Boost Lithium Iron Phosphate Production for Li-Ion Batteries
Submitted by reikiman on Sun, 02/11/2007 - 11:14
Süd-Chemie, a global chemical company, will invest C$35 million (US$30 million) in 2007 and 2008 in one of its Canadian affiliates to increase lithium iron phosphate production capacity for use in new generations of lithium-ion batteries to 1,500 metric tons per year.
Phostech Lithium Inc., Boucherville/Canada, an affiliate of Süd-Chemie, is already investing C$6 million to expand its production capacity from 300 metric tons per year of lithium iron phosphate (LiFePO4) to 900 metric tons per year.
...Phostech Lithium has been granted an exclusive license from University of Texas and Hydro-Québec for the production and sale of LiFePO4 for lithium-ion batteries.