Clariant sell off energy storage business to Johnson Matthey

By Siobhan Lismore-Scott
Published: Wednesday, 29 October 2014

The sale shows how Johnson Matthey is strategically placing itself to become a key producer of Li-Fe-PO4 cathodes for the energy storage and electric vehicle market. It is interesting because Johnson Matthey have made this acquisition less than a month after it announced it would be buying A123 System’s Li-Fe-PO4 cathode plant in Changzhou, China.

Swiss chemical producer Clariant has agreed to divest its energy storage business line to UK-headquartered Johnson Matthey Plc for $75m.

The sale is expected to be finalised in early 2015.

Clariant is the largest hydrothermal lithium iron phosphate ((Li-Fe-PO4) producer in the world, a cathode material for lithium-ion (Li-ion) batteries.

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