China: Catalysis and Surface Science Haldor Topsoe Signs Agreement with Jitri to Set Up Joint R&D Company in China
The new company will focus on the fast commercialization of new technologies and services and is expected to develop cost-effective NCA batteries for electric cars as its maiden project.
China – Haldor Topsoe, a world leader in catalysis and surface science, has recently signed a shareholder agreement with Jiangsu Industrial Technology Research Institute (Jitri) and Xiangcheng Suzhou District for a joint R&D company in the Jiangsu Province of China. Based on Topsoe’s world-leading insight into the industrial application of catalytic technologies and surface science, the company will focus on the fast commercialization of new technologies and services, with special attention to the needs of customers in China and the Jiangsu Province.
The joint R&D company’s first project will be to develop more cost-effective NCA batteries (lithium nickel cobalt aluminum oxide) for use in electric cars. China is the largest and fastest growing market for electric cars. The company will also offer Chinese customers fast and efficient testing within hydroprocessing and emissions management (catalytic filtration) in a convenient location.
Topsoe invests mainly technology and knowhow in return for a 60 % ownership share of the company, which is expected to reach 30-40 employees over five years. Jitri and Xiangcheng Suzhou District own the remaining shares and will invest 13 million dollars over a five-year period.