2024-05-31 19:30:30
POSCO Group establishes two joint ventures with China’s CNGR
Simultaneous development of nickel refinery and precursor manufacturing plant begins
Nickel refinery produces high-purity nickel for 1.2 million electrical automobiles
Precursor plant, producing 110,000 tons of precursors per yr
POSCO Future M introduces precursors for manufacturing on the plant
POSCO Group is collaborating with a Chinese language precursor firm to determine a manufacturing base for nickel and precursors for batteries in Pohang.
POSCO C&R Nickel Answer introduced on the thirty first that it started development of a nickel refining plant at Yeongilman 4 Industrial Advanced in Pohang. As well as, CNGR, a Chinese language precursor cooperation firm, started development of a C&P Superior Supplies Know-how precursor manufacturing plant.
POSCO C&GR Nickel Answer is a nickel refining company established by POSCO Holdings and CNGR with a 6:4 stake. Refining refers back to the course of of accelerating purity by eradicating impurities combined in a substance. C&P Superior Supplies Know-how is a light-weight bulb manufacturing company established by POSCO Future M and CNGR with an fairness funding of two:8. The precursor is an intermediate materials earlier than the cathode materials and is manufactured by mixing uncooked supplies comparable to nickel and cobalt.
POSCO C&R Nickel Answer’s nickel refining plant will import nickel mat, an intermediate materials with a purity stage of 70%, from CNGR’s nickel refining company and produce it as high-purity nickel for batteries with a purity of 99.9%. The nickel refinery’s high-purity nickel manufacturing quantity is alleged to be 50,000 tons of pure nickel per yr. It’s able to producing roughly 1.2 million electrical automobiles.
C&P Superior Supplies Know-how’s precursor plant, which additionally started development on today, has an annual capability of 110,000 tons and produces precursors utilizing high-purity nickel from POSCO C&GR Nickel Options. As well as, POSCO Future M plans to supply cathode supplies utilizing precursors produced by C&P Superior Supplies Know-how. The plan is to strengthen the worth chain and enhance enterprise competitiveness by rising the internalization charge of precursors, that are intermediate supplies.
POSCO C&R Nickel Options and C&P Superior Supplies Know-how plan to speculate roughly 1.5 trillion received to construct a manufacturing facility and start mass manufacturing in 2026.
Nickel is taken into account a key materials that determines the capability of electrical automobile batteries. Demand continues to extend. Precursors have an effect on battery capability and lifespan. It accounts for about 60% of the price of cathode supplies. Nevertheless, as of 2021, home manufacturing accounts for less than 26% of home demand, leading to a excessive dependence on imports.
POSCO Group is working to strengthen the battery materials enterprise provide chain by collaborating with CNGR, which has the trade’s highest stage of nickel refining know-how and precursor manufacturing know-how, to supply nickel and precursors domestically and use them as cathode supplies for POSCO Future M.
Pohang Metropolis was designated as a specialised battery nationwide high-tech strategic enterprise advanced in July final yr. POSCO Group expects that the enlargement of funding within the battery materials enterprise will contribute to revitalizing the area’s high-tech trade and creating the native financial system.
The joint groundbreaking ceremony held on today was attended by greater than 300 key officers, together with Kim Jun-hyung, head of battery supplies at POSCO Holdings, POSCO Future M President Yoo Byeong-ok, CNGR Vice Chairman Wu Xiaoge, Pohang Mayor Lee Kang-deok, Pohang Metropolis Council Chairman Baek In-gyu, and Gyeongsangbuk-do Province Vice Governor Kim Hak-hong.
Kim Jun-hyung, head of battery supplies, stated, “POSCO Group and CNGR will safe a steady battery supplies provide chain and strengthen enterprise synergy based mostly on enterprise know-how and know-how.”
In the meantime, POSCO Group continues to spend money on the supplies enterprise regardless of the sluggish demand (chasm) within the electrical automobile market. The plan is to safe steady self-sufficiency in uncooked supplies comparable to nickel and lithium inside the group, and to construct a full worth chain for the group’s battery supplies, together with anode and cathode supplies, recycling, and next-generation supplies, with out disruption.
Kim Min-beom, Donga.com reporter [email protected]
-
- nice
- 0canine
-
- I am so unhappy
- 0canine
-
- I am offended
- 0canine
-
- I like to recommend it
- canine
Sizzling information now
2024-05-31 19:30:30