TOKYO, JAPAN: Mitsui Chemicals Inc announced the startup of its electrolyte solution production facilities, which have been built at Nagoya Works to accommodate growing domestic demand for the lithium-ion battery use electrolyte solution.
Demand for lithium-ion batteries has expanded in line with the growth of laptop, smartphone, and tablet device markets. In the future, eco-friendly hybrid and electric vehicles are expected to become widespread in East Asia including China, and in Japan as well, growth in the electrolyte solution market is forecasted especially for vehicles.
Mitsui Chemicals owns electrolyte solution production facilities at Formosa Mitsui Advanced Chemicals Co Ltd (FMAC) in China, a joint venture between Mitsui Chemicals and Formosa Plastics Corporation, to respond to rising domestic demand for the lithium-ion battery use electrolyte solution.
Domestically, it has developed an electrolyte solution business in the form of contract production. With the startup of new facilities at Nagoya Works, Mitsui Chemicals intends to actively promote domestic business expansion and gradually move away from its existing contract production toward production at the new facilities.
Mitsui Chemicals is also advancing the expansion of its electrolyte solution production facilities at FMAC for startup in November 2017, to enhance the production and supply systems in preparation for further market expansion.
© Worldofchemicals News
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