Arete Group sells sixty-five acres of land to Neogen Ionics, a wholly-owned subsidiary of Neogen Chemicals Limited. Neogen plans to establish a state-of-the-art battery materials facility at the site.
The acquired land is dedicated to the manufacturing of cutting-edge battery materials, including 30,000 MT of electrolytes and 4,000 MT of electrolyte salts and additives in the first phase. Neogen Ionics aims to operationalise the electrolyte plant by the second half of 2025, catering to the growing demand from lithium-ion cell manufacturers in India and the expanding international OEM demand for Electrolyte Salts and additives.
As per the press release, Arete Group, through its flagship project PIP, aligns seamlessly with Neogen Ionics’ vision, offering a conducive environment for industrial growth and innovation. PIP, spread across 3,500 acres, provides plug-and-play land and infrastructure tailored to the specific needs of industries. The strategic location, with proximity to established industrial projects, complements Neogen Ionics’ strategic expansion plans.
Siraj Saiyed, Director of Arete Group stated, “We are delighted to facilitate Neogen Ionics’ strategic move to establish a state-of-the-art Battery Materials facility at PIP. This collaboration exemplifies our commitment to fostering innovation and sustainable industrial development in the region. PIP is uniquely designed to support transformative initiatives, and we are enthusiastic about contributing to the success of Neogen Ionics’ visionary project”.
Anticipated to be operational in the second half of 2025, the facility signifies a major milestone in Neogen Ionics’ growth journey. Haridas Kanani, CMD, Neogen Ionics Limited said, “We are happy to conclude the land acquisition for our planned greenfield project at PIP dedicated to battery materials in a timely manner. As we advance in finalizing the design in collaboration with our technology license provider MUIS, we are well-positioned to commence operations in H2 of CY 2025. This ensures alignment with our domestic and global customer timelines, allowing us to uphold our first-mover advantage in the Indian battery material supply chain”.
