A lucrative agreement was signed between one of the wholly-owned branches of Lithium Australia, VSPC and Beijing Saideli Technology Incorporated Company, a major Chinese company manufacturing chemicals. According to the agreement, both the companies will collaborate on an international scale for the commercialization of the cathode technology by VSPC.
Lithium Australia, the ASX-listed lithium innovator, picked up the “Very Small Particle Company Ltd”, abbreviated as VSPC, in 2017 for an almost all-scrip deal.
The accession of VSPC by Lithium Australia in this age when the energy market is to be revolutionized by the lithium-ion batteries, and the humble batteries to be changed forever, will be proved to be a big shot in dominating market plans.
This technology of lithium-ion batteries is critical for raw materials, transport, and energy markets which is a perfect match for the sustainable energy systems dictated by the global government policy.
The transport industry will be hugely decarbonized through the contribution of this modern technology by VSPC and the market of renewable energy, in the form of solar and wind power, will be boosted up.
Lithium-ion cathode, a material used in batteries, are uniquely developed by VSPC by mainly focusing on LFPs, the lithium-iron-phosphate metal oxides.
Highly toxic Cobalt Oxides are the main constituent of most of the current rechargeable lithium-ion batteries, VSPC reported.
It is much cheaper to manufacture the LFP based batteries which are non-toxic, have high power density and a longer charging duration and high tolerance in extreme conditions.
Adrian Griffin, the Managing Director of Lithium Australia, said that partnering with SDL is a huge opportunity as SDL has shown a record high advancement in the delivery of high technology process plants. The targets set by other partnering Chinese companies will be met by the commercialization of cathode powders by VSPC will be possible on low-capital through this agreement between VSPC and SDL.
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