Nano One Materials Corp Forms Alliance with Worley Chemetics for Cathode Active Material Production
May 02, 2024 at 12:10 pm EDT
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Nano One Materials Corp COO Alex Holmes joined Steve Darling from Proactive to announced the company's partnership with Worley Chemetics through a Strategic Alliance Agreement and a License Agreement. The collaboration aims to jointly develop, market, and license a process engineering design package for the deployment of cathode active material (CAM) production facilities within the lithium-ion battery materials sector. Worley Chemetics, known for its expertise in technology and solutions for specialty chemicals facilities, will play a crucial role in this venture.
Under the Strategic Alliance Agreement, Nano One and Worley will collaborate to develop a comprehensive CAM package integrating Nano One's proprietary One-Pot process into a modular process engineering design. This package will encompass intellectual property rights, flow sheets, detailed engineering, operational expertise, and specialized equipment fabrication by Worley Chemetics. The License Agreement governs the sale of CAM packages, including cross-licensing of intellectual property, license fees, and remuneration arrangements over a term of up to 20 years.
The joint effort will result in the creation of One-Pot enabled CAM packages marketed to customers globally. These packages will cater to a diverse range of clients in North America, Europe, the Indo-Pacific, and other regions, empowering them to establish competitive CAM production assets. The initiative aligns with the growing demand for renewable energy storage and electric vehicles, positioning Nano One Materials Corp and Worley Chemetics at the forefront of innovation in the lithium-ion battery materials sector.
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Proactive USA
+1 347-449-0879
na-editorial@proactiveinvestors.com
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Nano One Materials Corp. is a clean technology company. The Company with a patented, scalable, and low carbon intensity industrial process for the low-cost production of lithium-ion battery cathode materials. It has developed and patented a One-Pot Process technology to produce cathode active materials (CAM) for lithium-ion battery applications in electric vehicles, energy storage systems, and consumer electronics. The One-Pot Process is engineered to use non-sulfate forms of metal feedstock, such as metal powders, hydroxides, or carbonates, with the intention of reducing total cost and carbon footprint per kilogram of CAM. The process also forms coated nanocrystal cathode powders that are designed to be conventional cathode powders. The nanocrystal addresses a fundamental battery trade-off between energy density and durability. Its Metal to Cathode Active Material (M2CAM) technology reduces cost, reduces waste, and reduces the carbon footprint in the lithium-ion battery supply chain.