30 May 2011 15:12 [Source: ICIS news]
LONDON (ICIS)--BASF will enter into the business of electrolytes for lithium-ion batteries (LIB), the Germany-based petrochemicals major said on Monday.
The group will form a global electrolytes team in its Intermediates division, the company added.
Electrolytes are formulations that are essential for the transport of electronic charge inside batteries, BASF said.
“We are perfectly positioned to [enter into electrolytes activities] thanks to our many years of experience in cooperating with the automotive industry,” said Andreas Kreimeyer, BASF’s research executive director.
BASF said the first products will be commercially available by the end of this year.
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