Johnson Matthey buys bust battery materials maker - Just Auto
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Johnson Matthey buys bust battery materials maker

By Graeme Roberts 28 Jul 2021 (Last Updated July 28th, 2021 16:47)

Catalyst specialist swoops on bankrupt lithium sulphur battery developer.

Johnson Matthey is buying the assets and intellectual property of Oxis Energy, based near Oxford, UK.

Oxis Energy was a lithium-sulphur battery developer with assets which can be adapted to make parts for hydrogen production. The company entered administration on 19 May 2021.

“With moderate additional investment in upgrades, this transaction will significantly accelerate the scale-up of JM’s growing ‘green hydrogen’ business,” the supplier said in a statement.

The facility would expand the supplier’s ability to develop, test, and manufacture catalyst coated membranes and materials for electrolysers, as this market continues to develop very rapidly. The site will enable the production of tens of thousands of catalyst coated membrane parts per year.

The purchase of a “considerable” IP for lithium-sulphur and associated battery technology presents opportunities for JM’s battery materials business to advance technology development.