Neogen Ionics Ltd. completes land acquisition in Gujarat to establish a world-class state-of-the-art Battery Materials facility at a Greenfield site

New Delhi (India), December 19: In pursuit of its future expansion strategy and as an integral step in establishing a greenfield project, Neogen Ionics Limited, a wholly owned subsidiary of Neogen Chemicals Limited (NSE Code: Neogen and BSE Code: 542665), today announced completion of land acquisition totaling approximately 65 acres in Pakhajan, Dahej PCPIR, Gujarat. Dedicated for battery materials and new future business opportunities, Neogen will set up the plant on this greenfield site to manufacture 30,000 MT of electrolytes and 4,000 MT of electrolyte salts and additives in the first phase. The electrolyte plant will be set up using Manufacturing Technology license from MUIS (a JV between Mitsubishi Chemical Corporation (MCC) and UBE Corporation and a group company of The Mitsubishi Chemical Group, a Japanese conglomerate) while electrolyte salts will be based on Neogen’s indigenous technology developed in-house utilizing its 35 years of experience in manufacturing Lithium Salts.

MUIS operates five plants across the globe and has more than 30 years of experience in manufacturing electrolytes for Lithium-Ion Batteries. The adoption of MUIS technology by Neogen ensures that the electrolytes produced are based on proven technology and adhere to established global standards for productivity and quality. This commitment warrants the safety of batteries manufactured using these electrolytes.

For Neogen Ionics, the plant is expected to be operational in H2 of 2025. Neogen anticipates these electrolytes to meet the increasing demand from lithium-ion cell manufacturers in India and address the swiftly expanding international OEM demand for Electrolyte Salts and additives.