Wacker Chemie takes 25% in British battery materials maker
Reuters
Published Sep 12, 2019 09:34
Wacker Chemie takes 25% in British battery materials maker
FRANKFURT (Reuters) - German speciality chemicals maker Wacker Chemie (DE:WCHG) on Thursday said it had bought a quarter in British battery materials maker Nexeon Ltd.
No financial details were disclosed.
Nexeon makes silicon-based anode materials that improve the performance of lithium-ion batteries, Wacker Chemie said, adding the investment would intensify "its research activities on silicon-based materials for high-performance batteries".
Anodes for standard lithium-ion batteries are currently made from graphite materials, with suppliers including SGL Carbon (DE:SGCG), but researchers are working on alternatives based on cheaper silicon.
UBS analysts said last year that Umicore (BR:UMI) has been among the companies working on silicon anodes.
The anode forms the battery's positive pole which absorbs lithium ions during charging.
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Written By: Reuters
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