NEO Battery Materials signs MOU with producer of silicon by solar and silicon by-product waste recycling
by CM staff
To conduct silicon anode sample testing with recycled high-purity silicon
VANCOUVER — NEO Battery Materials Ltd, a low-cost developer of silicon anode materials has signed a Memorandum of Understanding (MOU) with an Asia-based producer of high-purity silicon powder through recycling silicon by-product waste from solar photovoltaic cell and semiconductor manufacturing (Recycler). Due to the sensitive nature of the information, negotiation, and technology, the Recycler will remain confidential until officially disclosed.
Under the terms of the MOU, the purpose is to enhance the price competitiveness of silicon anode materials for electric vehicle lithium-ion batteries by integrating the Recycler’s cost-reduced, recycled silicon input into NEO’s proprietary silicon anode materials, NBMSiDE™.
compared to the current metal silicon input for NBMSiDE™, the Recycler’s silicon waste recycling technology may enable NEO Battery Materials to realize a substantial price reduction in the silicon input by 30 per cent and up to 40 per cent.
In early January, the company expects to receive recycled high-purity silicon and conduct sample testing to assess for performance, viability, and collaboration/research direction
Further silicon input price reductions will drastically enhance NBMSiDE™ price competitiveness compared to existing high-priced competitors, and the company may also secure a long-term supply and stable price of silicon input through recycled silicon by-product waste from solar energy & semiconductor industries.
NEO has also discussed with the Recycler regarding collaborative opportunities to enter the North American market. With gigafactories being constructed in Canada and the U.S., the company has the potential to provide cost- and environment-friendly silicon anodes through vertically-integrating silicon anode production with the Recycler’s silicon waste recycling. More collaboration and joint development activities with lithium-ion battery supply chain players are expected in the upcoming year, and corporate development activities will be discussed in detail on the January 3rd webinar.
