Neogen Ionics Limited (NIL), a wholly owned subsidiary of Neogen Chemicals Limited, has signed a joint venture agreement with Japan’s Morita Investment Limited (MIL), a subsidiary of Morita Chemicals Industries Co. Limited. The agreement establishes Neogen Morita New Materials Limited (NML), a new entity. It will produce, develop, and sell solid LiPF6 salt, a key ingredient in Lithium-Ion battery electrolytes.
Majority Stake and Strategic Investment
Under the agreement, NIL will hold an 80% majority stake in NML, while MIL will invest USD 20 million to secure the remaining 20%. This strategic partnership brings together India’s growing battery materials ecosystem and Japan’s advanced chemical technology.
Leveraging Proven Japanese Technology in India
With this collaboration, India will host its only non-FEOC compliant Electrolyte Salt plant, marking a significant step toward the country’s ‘Aatmanirbhar Bharat’ vision. The JV will adopt Morita’s proven technology to boost domestic value addition. It will also support import substitution and ensure reliable access to high-quality LiPF6.
Driving Efficiency, Competitiveness, and Market Reach
The new venture aims to improve operational efficiency and enhance cost competitiveness for Neogen Ionics. Moreover, it enables the company to access global markets more effectively. It leverages the Morita Group’s three decades of expertise in the rapidly expanding Lithium-Ion battery segment.
Strengthening the Global Battery Materials Supply Chain
As demand for energy storage solutions rises, the Indo-Japan JV will help diversify and stabilize the global supply chain for battery materials. As reported by filingreader.com, Neogen Morita New Materials Limited combines local manufacturing with advanced international technology. The company is positioned to play a key role in the future of Lithium-Ion battery production.
