Novolyte, Korean Lithium Firm Form Electrolyte JV

摘要

Novolyte Technologies (Cleveland) says it has signed a definitive agreement with specialty lithium salt company Foosung (Seoul) to form a joint venture, creating an integrated global producer of lithium battery electrolytes. Novolyte is contributing its energy storage business to the jv, while Foosung, the sole Korean producer and one of four global producers of high purity lithium hexafluo-rophosphate, will supply its technology to Novolyte, invest approximately $30 million in the jv, and contribute a future lithium salt plant.