Mitsui Chemicals has opened its electrolyte solution production facility at Nagoya Works to accommodate growing domestic demand for lithium-ion battery-use electrolyte solution, with a production capacity of 5,000t per year.
Demand for hybrid and electric vehicles is expected to become widespread in East Asia including China and Japan, with growth in the electrolyte solution market forecast particularly for vehicles.
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Mitsui Chemicals owns an electrolyte solution production facility at Formosa Mitsui Advanced Chemicals (FMAC) in China, a joint venture between Mitsui Chemicals and Formosa Plastics Corporation, to respond to rising domestic demand for lithium-ion battery-use electrolyte solutions.
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 facility.
Mitsui Chemicals is also advancing the expansion of its electrolyte solution production facility at FMAC for start-up in November this year.
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By GlobalData
