LFP Batteries – BYN Chemical Co. Ltd announces Memorandum of Understanding with ElevenEs.
BYN Chemical Co. Ltd announce our Memorandum of Understanding with ElevenEs .
A Memorandum of Understanding is more than simply providing a product from manufacturer to supplier; it represents an alignment of views and joint development. This led to BYN Chemical and ElevenEs signing an MoU together.
ElevenEs is the European pioneer of LFP battery manufacturing.
Founded by Al Pack Group and backed by EIT InnoEnergy, ElevenEs brings synergy of strong technology knowledge and scaling-up skills to the European Battery Value Chain.
The Gigafactory will produce prismatic battery cells with LFP cathode. With planned Gigafactory two-phase expansion, the company will reach 8 GWh of annual production by 2025 and the full capacity of 16 GWh by 2028.
BYN Chemical is the foremost chemical manufacturer from Shandong, China, currently expanding into the European market to provide NMP solvent for local clients, as well as recycling solutions. BYN brings over 10 years of manufacturing experience to produce the highest grade N-Methyl-2-Pyrrolidone (NMP) needed by batteries manufacturing companies.
NMP, is an organic compound used widely in the lithium-ion battery production as a solvent for electrode preparation. After usage, NMP can be collected, reused in the process and for cleaning of equipment, and finally sent for recycling.
This announcement brings with it the following principals of partnership; to lower carbon emissions, higher renewable energy use, an exchange of information and products, to pursue open and transparent cooperation in research and manufacturing, an unbroken and stable supply of materials to ElevenEs, and an intended potential partnership for recycling with BYN Chemical.
The mutual understanding of potential partnership shows the ability of both parties to find common ground in the name of helping the transition into green energy in honesty, transparency, and environmental values.
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BYN Chemical Co. Ltd announce our Memorandum of Understanding with ElevenEs ., July 16,2022
