U.S. Department of Energy Selects Cabot Corporation as Technology Partner for Development of Low-Cobalt Cathodes for Next-Generation Lithium-ion Batteries
Cabot Corporation to explore use of novel manufacturing technology
for production of low-cobalt lithium-ion battery cathode formulations
Cabot
Corporation (NYSE: CBT), a leading global specialty chemicals and
performance materials company, has been selected by the U.S. Department
of Energy (DOE) to participate in an $80 million investment in advanced
vehicle technologies research. Cabot will leverage its novel process
technology to contribute to the research and development of low-cobalt
active cathode formulations for next-generation lithium-ion batteries.
Cobalt is an expensive, foreign sourced critical material that could
pose a supply risk in the future. Research projects such as Cabot’s are
designed to explore more sustainable, affordable options, and ultimately
improve access to electric vehicle technology.
“We are honored to be selected to participate in this important
initiative,” said Patricia Hubbard, chief technology officer, Cabot
Corporation. “We are excited to leverage our battery
materials manufacturing expertise to expand our existing presence in
the batteries and energy materials market. This project will help drive
sustainability, innovation and new technologies, which are all crucial
elements of our long-term strategy and vision.”
The DOE is investing in a total of 42
projects to support advanced vehicle technologies that can enable
more affordable mobility, strengthen domestic energy security, reduce
dependence on foreign sources of critical materials, and enhance U.S.
economic growth. Of the $80 million, nearly $32 million has been
allocated for battery and electrification initiatives, including $2.9
million for Cabot’s research in aerosol manufacturing technology for
low-cobalt lithium-ion battery cathodes.
“Cabot already has an established presence in batteries through our conductive
additive formulations and aluminas for cathodes and separators,”
explained Miodrag Oljaca, technology director, Cabot Energy Materials.
“We are eager to leverage our novel process technologies and battery
materials expertise to drive further innovation for next generation
batteries, with the goal of enabling low-cobalt or no-cobalt cathode
formulations. This work will also help enable the production of
low-cost, sustainable batteries for electric vehicles, energy storage
and other applications.”
Cabot will partner with researchers at Argonne National Lab and SAFT for
this project. Argonne will assist in the synthesis of low-Cobalt cathode
compositions, while SAFT will assist in the manufacture of batteries to
validate performance of novel low-Cobalt cathode formulations.
To learn more about how Cabot’s solutions are helping to deliver
increased performance and durability, while at the same time reducing
total system cost, visit cabotcorp.com/batteries.
ABOUT CABOT CORPORATION
Cabot Corporation (NYSE: CBT) is a
global specialty chemicals and performance materials company,
headquartered in Boston, Massachusetts. The company is a leading
provider of rubber
and specialty
carbons, activated
carbon, inkjet
colorants, cesium
formate drilling fluids, masterbatches
and conductive compounds, fumed
silica and aerogel.
For more information on Cabot, please visit the company’s website
at: http://www.cabotcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements in the press release regarding Cabot's business that
are not historical facts are forward looking statements that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in the
Company's Annual Report on Form 10-K.
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Copyright Business Wire 2018
Source: Business Wire
(October 10, 2018 - 9:07 AM EDT)
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