LOTTE Chemical and Sasol Chemicals exploring collaboration to develop materials for electric vehicle batteries
Companies will assess the feasibility of building a facility to produce electrolyte solvents
The companies will assess the suitability of Sasol’s locations near
"The increase in battery demand is driving the rapid growth of demand for the key materials that constitute a lithium-ion battery. LOTTE Chemical will lead the global battery materials market quantitatively and qualitatively by rapidly expanding our battery materials business," said
“This agreement is consistent with our strategy to answer the sustainability challenge through the solutions we provide our customers,” said
Electrolyte solvents enable lithium-ion batteries by allowing lithium ions to travel more easily between the battery’s anode and cathode. Lithium-ion batteries are likely to be the key power source for electric vehicles.
Our solutions are used by more than 7,500 customers, in 120 countries, in countless products that improve the quality of life for people around the world. They also provide the building blocks for a sustainable future by helping reduce energy usage, waste and packaging, and by providing solutions to the renewable energy industry.
About LOTTE Chemical
LOTTE Chemical is
Our extensive range of products from polymer to megatrend product groups is widely used in household goods that we frequently encounter in our everyday lives, as well as cutting-edge new materials.
LOTTE Chemical is poised to take another leap to protect nature and make human life more abundant through the continuous development of products using eco-friendly technologies. Based on ESG management, we will create a more convenient lifestyle for people and a better environment for nature, as we build a tomorrow that is more beneficial to both people and nature. For more information, visit the LOTTE Chemical website.
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