MUMBAI, 10th APRIL, 2023 (GPN): Neogen Chemicals Limited (Neogen), one of India’s leading manufacturers of Bromine- based, and Lithium-based specialty chemicals,  has today signed an agreement with MU Ionic Solutions Corporation, Japan.

MU Ionic Solutions (MUIS) is a Joint Venture between Mitsubishi Chemical Corporation (MCC) and UBE Corporation and is a group company of The Mitsubishi Chemical Group (the group) a Japanese conglomerate. The group is one of the global leaders in electrolytes used  in lithium-ion batteries with a strong track record of 30 years and has 5 electrolyte manufacturing plants located in Japan, USA, UK and China.

As per the terms of the agreement, Neogen will obtain the license from MUIS for proprietary and confidential manufacturing technology for making Neogen’s electrolyte solutions at its manufacturing facility in India with a planned max installed capacity of upto 30,000 MT per annum. These electrolytes will be targeted by Neogen to meet the growing  demand of lithium-ion cell  manufacturers  in India.

The agreement will allow Neogen to ensure that the manufacturing plant meets stringent global standards for quality, reliability, safety and efficiency for electrolytes production. It will also help Neogen to greatly reduce approval times with Lithium Ion Battery makers. Neogen is honoured to be a recipient of this first-ever license issued by MUIS the part of MCC of electrolyte manufacturing technology anywhere in the globe.

Addressing the media persons at the press conference on the development, Dr. Harin Kanani, Managing Director of Neogen  Chemicals said: “We are pleased to be collaborating with one of the global leaders of electrolytes to steer our growth initiatives around lithiumion battery  chemical opportunity in India. We would like to extend our gratitude to MUIS for the trust that they have bestowed on us. The group’s 3-decade long electrolyte manufacturing experience will be extremely beneficial for Neogen to build a robust global quality and safety standards approved electrolyte plant in India. With this arrangement, we will be the first Indian company to have a proven global technology, to manufacture  electrolytes at scale for lithium-ion batteries. This will allow us to further enhance confidence of Indian customers.

About Mitsubishi Chemical Group  Corporation:

Mitsubishi Chemical Group Corporation is a specialty materials provider with an unwavering commitment to lead with innovative solutions to achieve KAITEKI, the well-being of people and the planet. We bring deep expertise and material science leadership in core market segments such as mobility, health & life sciences, and electronics, enabling industry transformation, technology breakthroughs, and longer, more fruitful lives for us all. Together, around 70,000 employees worldwide provide advanced chemistry-based solutions to deliver the core elements of our slogan—Science. Value. Life. For details of Mitsubishi Chemical Group Corporation, please visit www.mcgc.com

About Neogen Chemicals Ltd:

Neogen Chemicals Ltd. (NSE: NEOGEN BSE: 542665), a leader in Bromine-based chemistry, specializing in Bromine-based compounds, Grignard Reagents and Inorganic Lithium Salts, was founded in 1989 by Mr. Haridas Kanani, a Chemical Engineer from Indian Institute of Technology (IIT), Mumbai. He is hailed as the Bromine-man of India.

Over the years, Neogen has developed several Bromine based intermediates and is a leading manufacturer of these products. Its specialty chemicals product offerings are used in pharmaceutical and agrochemical intermediates, engineering fluids, electronic chemicals, polymer additives, water treatment, construction, aroma chemicals, flavours and fragrances, specialty polymers, VAM original-equipment manufacturers in India with new upcoming usage in lithium-ion battery materials for energy storage and EV application and across 29 countries (USA, Europe, Japan and Middle East) with over three decades of supply, quality reliability and track record with leading innovator and generic companies.

Neogen functions out of its three state-of-the-art manufacturing facilities. These are located in Mahape, Navi Mumbai, Maharashtra, Karakhadi in Vadodara and Dahej SEZ, Bharuch in Gujarat.

In addition, the Company plans to utilise its three decades of expertise in lithium chemistry for manufacturing Specialty Lithium Salts and additives for Electrolyte used in lithium-ion battery advance chemistry cells, with an investment plan to produce electrolytes and lithium salts required for electrolytes at its Karakhadi plant.

For more information, please visit  www.neogenchem.com