Japan: Mitsui Beefs Up Battery Production Expansion of Electrolyte Solution Facility
Formosa Mitsui Advanced Chemicals, a joint venture of Mitsui Chemicals and Formosa Plastics Corporation, announced the expansion of the capacity of its lithium-ion, battery-use, electrolyte solution production facilities in Ningbo/China.
Tokyo/Japan — The planned expanded production capacity after the scheduled start of operations in November 2017 amounts to +3,500 tons/year (to be 5,000 tons/year). Construction start is scheduled already in December 2016.
Demand for lithium ion batteries has expanded in line with the growth of the laptop, smartphone, and tablet device markets. In the future, greater market growth is forecast for the mobility market with the surge in demand for environment-friendly plug-in hybrid and electric vehicles especially in China.
Mitsui Chemicals, with Formosa Plastics, has build production facilities for electrolyte solutions at FMAC to meet the needs of an expanding Chinese market, with operations commencing in July 2016. The Japanese manufacturer established a production facility for 5,000 tons/year at Nagoya Works in October 2016, with commercial operations scheduled to commence in April 2017. The Company has targeted the mobility domain as a growth driver and intends to pursue the development in the area of lithium-ion battery-use electrolyte solutions.