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Belgium

Umicore expands battery materials business with cobalt deal

Fri, 05/24/2019 - 10:45 -- John Shepherd
Umicore expands battery materials business with cobalt deal

Belgium’s Umicore is to acquire Freeport Cobalt’s cobalt refining and cathode precursor activities in Finland as an “important step” toward expanding the company’s battery materials business.

The deal, which is expected to be finalised by the end of 2019, is for a total consideration of US$150 million on a debt and cash free basis, plus the value of the working capital to be taken over at closing, which at the end of March was approximately $40m.

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CMI Energy launches mixed-tech BESS pilot in Belgium

Mon, 11/05/2018 - 00:00 -- Hugh Finzel
CMI pilot project

Belgium-based engineering group CMI Energy has launched a full-scale pilot project that integrates solar with battery energy storage at the firm’s headquarters in Seraing.

The Micro Réseau Intégré Seraing (MiRIS) energy storage pilot plant comprises a 2MWp (megawatt peak— indicating the maximum output of a plant) 1.75 gigawatt-hours per year (GWh/yr) solar PV system, with 6,500 rooftop and carport panels. The 4.2 megawatt-hour energy storage system consists of a lithium-ion system and “two separate flow battery systems”.

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Solvay buys IP to boost lithium-ion credentials

Wed, 02/15/2017 - 13:27 -- Xuan Zhong
Solvay buys IP to boost lithium-ion credentials

European speciality chemicals firm Solvay has bought a materials portfolio to bolster its progression in the lithium-ion battery market.

Belgian firm Solvay’s Special Chem global business unit has bought a portfolio of high performance salts and additives for electrolytes from Dupont.

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Umicore expands NMC materials production in Asia

Fri, 05/20/2016 - 13:59 -- Paul Crompton
Umicore expands NMC materials production in Asia

Belgium-based materials technology giant Umicore will spend $181 million on expanding its nickel manganese cobalt (NMC) production facilities in China and South Korea.

The expansion, which will mean total capacity will triple within three years, is in answer to the surge in demand for materials used in hybrid and electric vehicles, the company says.

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