Orbia Fluor & Energy Materials (Orbia Advance Corporation S.A.B. de C.V., BMV: ORBIA) recently announced that following the successful testing of customized electrolyte products in 2023, the company will expand Production scale of lithium battery electrolyte materials for non-electric vehicle applications.
Orbia says its customized electrolyte products can be used in consumer electronics, energy storage and other applications to improve battery performance, efficiency and safety. According to Xinteng data forecasts, the future market space for electrolytes in Europe and the United States is huge. The demand for electrolytes in Europe and the United States is expected to grow slightly from 2023 to 2026. In 2027 and after, with the establishment and commissioning of battery factories, the demand for electrolytes will increase rapidly. , the demand for electrolyte in Europe and the United States is expected to reach 500,000 tons by 2029, and the demand is expected to reach 720,000 tons in 2030.
The Fluorine and Energy Materials Division of American Obia Company is one of the few suppliers of battery materials such as electrolytes, electrolyte fluoride salts and additives in Europe and the United States. In November last year, the company also announced the establishment of a joint venture with SYENSQO (formerly Solvay), the largest overseas PVDF manufacturer, to produce adhesive PVDF in the United States (Syensqo started construction of the largest polyvinylidene fluoride (PVDF) plant in North America). The company received a $100 million grant from the U.S. Department of Energy in 2022 and plans to produce lithium hexafluorophosphate (LiPF6) in the United States. The proposed factory will produce up to 10,000 tons of LiPF6 per year, which is enough to support the annual production of more than 1 million all-electric vehicles. In addition, given China's graphite export restrictions, the company has also launched a graphite recycling business.
